Business
Wildcat Exploration calls Requisitioned Special Meeting for April 12, 2007
Wildcat Exploration calls Requisitioned Special Meeting for April 12, 2007.
About this update from Fuse Battery Metals Inc
[{"type":"text","content":"\n\n\n\nTSX-V Trade Symbol: WEL\n\n\nWINNIPEG, Feb. 5 /CNW/ - Wildcat Exploration Ltd. announced today that\nthe Executive Committee of the Company's board of directors, in response to a\nrequisition recently delivered by dissident shareholders, has called a special\nmeeting of shareholders to be held on April 12, 2007.\n\n\nOn January 18, 2007, Wildcat Exploration received a letter and\nrequisition from the Company's former President and Chief Executive Officer\nShlomo (Sol) Prizant and Yes Forex Inc., together claiming to represent not\nless than 5% of the outstanding common shares of the Company, requisitioning a\nmeeting of the shareholders of the Company to consider resolutions to remove\nall of the existing directors and electing new directors of the Company.\n\n\nThe board of directors relieved Mr. Prizant of his duties as President\nand CEO on January 8, 2007 and terminated his consulting agreement for cause\non January 26, 2007. The Company is currently conducting a review of Mr.\nPrizant's conduct during his tenure as President and CEO and will report to\nthe shareholders at the conclusion of that investigation.\n\n\nThe Company's board has fixed a record date for notice and voting of\nFebruary 21, 2007 for the Company's April 12, 2007 special meeting of\nshareholders.\n\n\nAll shareholders are entitled to receive notice and to vote at the\nspecial meeting.\n\n\nThe Company's board regrets the time and expense that will be involved in\nholding the special meeting but is fully committed to responsible corporate\ngovernance, fulfilling its fiduciary duties and acting in the best interests\nof all the Company's shareholders including insuring that management remains\nfocused on creating value for shareholders.\n\n\nAbout Wildcat Exploration Ltd.\n\n\nWildcat is a Winnipeg-based mineral exploration company actively\nexploring for gold and base metals in Canada. For further information on the\ncompany please visit our website at www.wildcat.ca or contact us at\[email protected].\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this press release.\n\n\n%SEDAR: 00014885E\n\n\n","length":2250,"tagName":"div"}]