Business
Sultan Minerals Announces Results of Annual General & Special Meeting
(via Thenewswire.ca) Vancouver, BC - September 24, 2013: Sultan Minerals Inc. (TSX-V: SUL;...
About this update from Apex Resources Inc.
[{"type":"text","content":"Sultan Minerals Announces Results of Annual General & Special Meeting(via Thenewswire.ca)\n\n \nVancouver, BC - September 24, 2013: Sultan Minerals Inc. (TSX-V: SUL; \"Sultan\" \"the Company\") is pleased to announce the results of the Annual General and Special Meeting held on September 23, 2013 in Vancouver, B.C. Each of the resolutions as listed in the Management Information Circular was approved including the adoption of the Advance Notice Policy and the ratification of the Shareholders Rights Plan. In addition, management nominated and the shareholders elected a slate of four directors, comprised of Arthur Troup, Frank Lang, Benjamin Ainsworth and Robin Merrifield. \n\n \n \nAdvance Notice Policy\n\n \n \nThe purpose of the Policy is to provide shareholders, directors and management of the Company with a clear framework for nominating directors of the Company. The Company is committed to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation. The Policy is intended to further these objectives. A full text of the Advance Notice Policy is available on the Company's website as well as at www.sedar.com\n\n \n \nShareholders Rights Plan\n\n \n \nThe Board of Directors of the Company has elected to continue the Shareholder Rights Plan that expired on September 23, 2013. The new Shareholder Rights Plan was approved by the TSX Venture Exchange on August 12, 2013 and was presented to and approved by the shareholders of the Company at the Company's annual general and special meeting held on September 23, 2013.\n\n\n \nThe Shareholder Rights Plan has been designed to protect shareholders from unfair, abusive or coercive take-over strategies including the acquisition of control of the Company by a bidder in a transaction or series of transactions that may not treat all shareholders fairly nor afford all shareholders an equal opportunity to share in the premium paid upon an acquisition of control. The Shareholder Rights Plan was adopted to provide the Board with sufficient time, in the event of a public ta...