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Great Canadian Gaming to modify advance notice proposal at shareholders meeting
Great Canadian Gaming to modify advance notice proposal at shareholders meeting Gr...
About this update from Goldcana Resources Inc.
[{"type":"text","content":"\n\n\n\nGreat Canadian Gaming to modify advance notice proposal at shareholders meeting\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\nGreat Canadian Gaming to modify advance notice proposal at shareholders meeting\nCanada NewsWire\nCOQUITLAM, BC, April 22, 2016\n\n\n\n\n\n\n\n\nCOQUITLAM, BC, April 22, 2016 /CNW/ - Great Canadian Gaming Corporation [TSX:GC] (\"Great Canadian\" or \"the Company\") announces that it will make minor modifications to its advance notice provision (\"Advance Notice Provision\") proposal scheduled for a vote at the May 10, 2016 annual general and special meeting of shareholders (the \"Meeting\").\n\nThe purpose of the Advance Notice Provision is to foster a variety of interests of the shareholders and the Company by ensuring that all shareholders - including those participating in a meeting by proxy rather than in person - receive adequate notice of the nominations to be considered at a meeting and can thereby exercise their voting rights in an informed manner. The Advance Notice Provision is the framework by which the Company seeks to fix a deadline by which holders of record of Common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for the notice to be in proper written form.\n\nThe Advance Notice Provision as currently proposed in the proxy materials requires that: (i) the notification timeframe is subject to a maximum notice period of 65 days, (ii) a new time period for shareholder nominations in the event of an adjournment or postponement of the meeting is not permitted, (iii) the board of directors have the authority to request broad disclosure from director nominees, and (iv) each director nominee must first agree in writing to abide by the Company's policies as a condition for a valid nomination.\n\nThe above requirements will be modified by motion from the Chair of the Meeting so that: (i) the maximum notice period of 65 days will be removed, (ii) a new time peri...