Goldgroup Adopts Advance Notice Article

About this update from Goldgroup Mining Inc.

[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, April 11, 2013 /CNW/ - Goldgroup Mining Inc. (\"Goldgroup\" or\n the \"Company\") (TSX:GGA, OTC:GGAZF, BMV SIC:GGAN.MX) announces the\n adoption by its Board of Directors (the \"Board\") amendments to the\n Company's Articles, including introducing an advance notice requirement\n in connection with shareholders intending to nominate directors in\n certain circumstances (the \"Amendments\").\n\n\nThe purpose of the Advance Notice Provisions is to foster a variety of\n interests of the shareholders and the Company by ensuring that all\n shareholders, including those participating in a meeting by proxy\n rather than in person, receive adequate notice of the nominations to be\n considered at a meeting and can thereby exercise their voting rights in\n an informed manner.  Additionally, the Advance Notice Provisions\n provide a reasonable framework for shareholders to nominate directors\n and should assist in facilitating an orderly and efficient meeting\n process.\n\n\nThe Board believes that the Amendments provide a clear and transparent\n process for all shareholders to follow if they intend to nominate\n directors. In that regard, the Amendments provide a reasonable time\n frame for shareholders to notify the Company of their intention to\n nominate directors and require shareholders to disclose information\n concerning the proposed nominees that is mandated by applicable\n securities laws. The Board will be able to evaluate the proposed\n nominees' qualifications and suitability as directors and respond as\n appropriate in the best interests of the Company. The Amendments are\n also intended to facilitate an orderly and efficient meeting process.\n\n\nIn the case of an annual meeting of shareholders, notice to the Company\n must be given not less than 35 nor more than 65 days prior to the date\n of the Annual General or Special Meeting of shareholders, as the case\n may be; provided, however, that in the event that the meeting of\n shareholders is called for at a date that is less than 50 days after\n the date (the \"Notice Date\") on which the first public announcement of\n the date of the meeting was made, the Notice must be given by the\n Nominating Shareholder not later than the close of business on the\n tenth (10th) day following the Notice Date.  Notwithstanding the foregoing, the\n Board o...

More updates from Goldgroup Mining Inc.