Getty Copper Inc. Announces Special Meeting Requisition

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[{"type":"text","content":"\n\n\n\nGetty Copper Inc. Announces Special Meeting Requisition\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 17, 2018\n\n\n\nTrading Symbol TSX V:  GTC\n\n\n\nVANCOUVER, July 17, 2018 /CNW/ - John Lepinski, CEO and Managing Director of Getty Copper Inc. (the \"Company\" TSXV:GTC) has requisitioned a special meeting of shareholders (the \"Special Meeting Requisition\") under section 143(1) of the Canada Business Corporations Act, for the purpose of removing certain directors: namely Donald Willoughby, Dennis Milburn, and Edward Robinson (the \"Impugned Directors\").  Removal of the Impugned Directors will require a majority of votes cast at a special meeting of shareholders which will be convened as soon as practicable in accordance with the provisions of the Company's Bylaws and the Canada Business Corporations Act. \n\nThe Special Meeting Requisition was precipitated by a notice issued by Dennis Milburn calling a Board of Directors Meeting for July 11, 2018 to approve a term sheet from Inter World Investments (Canada) Ltd. (\"Inter World\"), a company controlled by John Park of Vancouver, B.C., proposing a debt and equity financing subject to certain conditions including due diligence review, completion of a definitive agreement and TSXV acceptance (the \"Financing Proposal\").  In the face of the Special Meeting Requisition, the Financing Proposal received favourable votes from each of the three Impugned Directors and was opposed by the three others, with the current Chairman, Dennis Milburn, casting the deciding vote in favour of the Financing Proposal on the deadlocked six-person board.  It is the position of John Lepinski and the other two directors voting against the Financing Proposal that the Financing Proposal will be detrimental to the Company and therefore not in its best interests or that of its shareholders and that the resolution approving the Financing Proposal is invalid.\n\nUnder the Financing Proposal, Inter World or an affiliate thereof, inter alia, proposed to loan the Company up to $1,000,000 ...

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