Business
Stone Gold Adopts By-law Amending Shareholder Meeting Quorum Requirement
TORONTO, June 01, 2022 (GLOBE NEWSWIRE) -- Stone Gold Inc. (TSX-V: STG) ("Stone Gold" or the "Company") announces that its board of directors (the “Board”) appr
About this update from Copper Road Resources Inc
[{"type":"text","content":" TORONTO, June 01, 2022 (GLOBE NEWSWIRE) -- Stone Gold Inc. (TSX-V: STG) (\"Stone Gold\" or the \"Company\") announces that its board of directors (the “Board”) approved the adoption of by-law No. 2-A (“By-Law 2-A”) which amends and replaces the Company’s current by-law No.2. By-Law 2-A amends the quorum requirement at meeting of shareholders of the Company (“Shareholders”) to holders of not less than 5% of the shares entitled to vote at the meeting being present in person or represented by proxy, from the previous quorum requirement of holders of not less than 20% of the shares entitled to vote at the meeting being present in person or represented by proxy. The Board believes that By-Law 2-A will align the Company with similar publicly listed companies regarding the quorum requirements at meetings of shareholders and gave careful consideration to the cost and difficulty of holding meetings of Shareholders with such high quorum thresholds. The Board concluded that By-Law No. 2-A will allow the Corporation to more efficiently and effectively transact business. By-Law No. 2-A is effective immediately and will be placed before Shareholders for approval, confirmation and ratification at the next annual and special meeting of Shareholders to be held on June 27, 2022 (the “Meeting”). Pursuant to the provisions of the Business Corporations Act (Ontario), By-Law No. 2 will cease to be effective unless approved, ratified and confirmed by a resolution adopted by a majority of the votes cast by Shareholders at the Meeting. For further information, please contact:Mr. John TimmonsPresident & CEOStone Gold Inc.Cellular (416) 931 2243Email: [email protected]: www.stonegold.ca Stone Gold Inc. is engaged in the acquisition, exploration and evaluation of properties for the mining of precious and base metals. Caution Regarding Forward-Looking Information This news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Stone Gold. Forward-looking statements include estimates and statements that describe Stone Gold's future plans, objectives or goals, including words to the effect that Stone Gold or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as \"believes\", ...