Business
EurOmax Annual General Meeting Adjourned - EurOmax to Apply to the British Columbia Securities Commission and the British Columbia Supreme Court
EurOmax Annual General Meeting Adjourned - EurOmax to Apply to the British Columbia Securities Co...
About this update from Euromax Resources Ltd.
[{"type":"text","content":"\n\n\n\n Aug. 25, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\n\n TSX.V. EOXFrankfurt. OMZ\n \n\n VANCOUVER, Aug. 25 /CNW/ - EurOmax Resources Limited (TSX-V: EOX) (“EurOmax”\n or, the “Company”) announced that its annual general\n meeting (the “Meeting”) has been adjourned in order\n to resolve allegations made that the integrity of the vote to be\n conducted at the Meeting has been compromised.\n \n\n Allegations have been made that Anthony Patriarco has not complied with\n applicable securities laws with respect to the reporting and disclosure\n of his shareholdings in EurOmax and that he may have acquired\n shareholdings of a predecessor to the Company and, as a result of law,\n EurOmax, in excess of 20% without complying with the provisions of\n applicable securities law relating to take-over bids. With respect to\n the votes expected to be represented by proxies at the Meeting,\n allegations were made that, in light of the concerns regarding Mr.\n Patriarco's holdings in EurOmax, shareholders receiving the dissidents'\n circular were not fully informed as to the nature or the extent of\n Patriarco's shareholdings. Allegations were also made that one of the\n dissident nominees delivered material to EurOmax shareholders soliciting\n their opinion as to the removal of all or some of the current directors\n of EurOmax prior to delivery of the dissidents' circular. Finally, it\n was alleged that the former CEO of the company engaged in solicitation\n of proxies from a number of EurOmax shareholders and without providing\n information to all shareholders.\n \n\n The Meeting was adjourned by the Chair, Mr. Robert Power, in order to\n ensure that shareholders are able to make a fully informed decision. In\n order to maintain the integrity and propriety of the voting procedure,\n the Chair exercised his discretion under the Company’s Articles, and\n adjourned the Meeting. He then reque...