Business
AuRico Gold Inc. Announces Adoption of Advance Notice By-Law
TORONTO , April 17, 2014 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), ("AuRico" or...
About this update from Alamos Gold Inc.
[{"type":"text","content":"\n\n\nTORONTO, April 17, 2014 /CNW/ - AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ), (\"AuRico\" or the \"Company\") today announced that its board of directors\n (the \"Board\") has adopted a by-law which introduces an advance notice requirement\n in connection with shareholders intending to nominate directors in\n certain circumstances (the \"Advance Notice By-Law\").\n\n\nIn particular, the Advance Notice By-Law sets forth a procedure\n requiring advance notice to the Company by any shareholder who intends\n to nominate any person for election as director of the Company other\n than pursuant to (i) a requisition of a meeting made pursuant to the\n provisions of the Business Corporations Act (Ontario), or (ii) a shareholder proposal made pursuant to the\n provisions of the OBCA. Among other things, the Advance Notice By-Law\n sets a deadline by which such shareholders must notify the Company in\n writing of an intention to nominate directors prior to any meeting of\n shareholders at which directors are to be elected and set forth the\n information that the shareholder must include in the notice for it to\n be valid.\n\n\nThe Board believes that the Advance Notice By-Law provides a clear and\n transparent process for all shareholders to follow if they intend to\n nominate directors.  In that regard, the Advance Notice By-Law provides\n a reasonable time frame for shareholders to notify the Company of their\n intention to nominate directors and require shareholders to disclose\n information concerning the proposed nominees that is mandated by\n applicable securities laws.  The Board will be able to evaluate the\n proposed nominees' qualifications and suitability as directors and\n respond as appropriate in the best interests of the Company.  The\n Advance Notice By-Law is also intended to facilitate an orderly and\n efficient meeting process.\n\n\nIn the case of an annual meeting of shareholders, notice to the Company\n must be made not less than 30 and not more than 65 days prior to the\n date of the annual meeting; provided, however, that in the event that\n the annual meeting is to be held on a date that is less than 50 days\n after the date on which the first public announcement of the date of\n the annual meeting was made, notice may be made not later than the\n close of business on the 10th day foll...