ENP Newswire -
Release date- 01082014 -
The by-law became effective
The by-law provides shareholders, directors and management of the Company with a clear framework for nominating directors in an orderly and fair manner. The by-law fixes a deadline by which holders of common shares of the Company must submit director nominations to the Chairman of the Board of the Company prior to any annual meeting of shareholders or any special meeting of shareholders at which directors are to be elected.
The by-law also sets forth the information that a shareholder must include in a written notice to the Company in order for any director nominee named in the notice to be eligible for election at any annual or special meeting of shareholders.
In the case of an annual meeting of shareholders, notice to the Company must be made not fewer than 30 and not more than 65 days prior to the date of the annual meeting; provided, however, that in the event that the annual meeting is to be held on a date that is fewer than 50 days after the date on which the first public filing or announcement of the date of the annual meeting was made, notice must be given not later than the close of business on the 10th day following such public filing or announcement.
In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be given not later than the close of business on the 15th day following the day on which the first public filing or announcement of the date of the special meeting was made. For the next annual or special meeting of shareholders of Crown at which directors are to be elected, notice in accordance with the new by-law of persons to be nominated by shareholders for election as directors must be received by the Chairman of the Board within the time periods specified in the new by-law.
For more information please see the Crown website at www.crowngoldcorp.com
President and CEO
Tel: (416) 361-2827
This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, including statements regarding the future activities of the Company. Forward looking statements reflect the current beliefs and expectations of management and are identified by the use of words including 'will', 'anticipates', 'expected to', 'plans', 'planned' and other similar words. Actual results may differ significantly.
The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company's management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward-looking statements.
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