Business
Golden Hope Mines Limited - President's Message in Response to Earl Takefman
TSX VENTURE: GNH Pink Sheets: GOLHF MONTREAL , June 7, 2013 /CNW/ - As the Presi...
About this update from Delta Resources Limited
[{"type":"text","content":"\n\n\nTSX VENTURE: GNHPink Sheets: GOLHF\n\n\nMONTREAL, June 7, 2013 /CNW/ - As the President of Golden Hope Mines\n Limited (\"Golden Hope\" or the \"Company\"), I cannot allow a smear\n campaign, based on one- sided opinions and misrepresentation of facts,\n continue without a response. I simply cannot sit back and witness this\n smear campaign damage the reputation of our esteemed Directors and\n myself as well.\n\n\nGolden Hope has included the shareholder proposal of Mr. Takefman and\n the other Concerned Shareholders in the Company's Information Circular\n for the upcoming meeting of shareholders even though the purported\n shareholder proposal did not meet the relevant legal requirements (the\n initial shareholder proposal significantly exceeded the number of\n legally permissible words and the subsequent proposal was submitted\n after the deadline prescribed by the Ontario Business Corporations Act\n (the \"Act\")). Notwithstanding that the Company had no legal obligation\n to do so, the Company has in good faith attempted to accommodate Mr.\n Takefman and the other Concerned Shareholders by including the\n shareholder proposal in the Information Circular. In response to Mr.\n Takefman's numerous complaints regarding the Information Circular and\n the shareholder proposal, I would like to point out the following:\n\n\nThe Company's board of directors has already been increased to seven\n directors.  That part of the shareholder proposal is academic.\n\nMr. Takefman has been included as one of the nominees for election to\n the board of directors. He is eligible for election in the same manner,\n in compliance with legal requirements, as any of the other nominees,\n and on no other basis.\n\nNo request was made to the Company to include the names of the other\n Concerned Shareholders, as required by law.\n\nMr. Takefman is not ipso facto eligible to be appointed to the\n Compensation Committee if he is elected as a director. Any such\n appointment legally would be implemented as a directors' action, not a\n shareholders' action. Similarly, the appointment of Ms. Bloom legally\n is a decision reserved to the directors. It also is untenable to\n suggest that the engagement of Ms. Bloom on the basis proposed - i.e.,\n for a total of 6½ days - would contribute in any significant way to the\n business, affairs or str...