Business
Graphite One Resources Adopts Advance Notice Bylaw
(via Thenewswire.ca) APRIL 16, 2013 - Calgary, Alberta - Graphite One Resources Inc. (GPH: ...
About this update from Graphite One Inc.
[{"type":"text","content":"\nGraphite One Resources Adopts Advance Notice Bylaw\n\n(via Thenewswire.ca)\n\n \nAPRIL 16, 2013 - Calgary, Alberta - Graphite One Resources Inc. (GPH: TSX-V; GPHOF: OTCQX) (\"Graphite One\" or the \"Company\") is pleased to announce the approval and adoption by its board of directors (the \"Board\") of amendments to its bylaws to include advance notice provisions (the \"Advance Notice Provisions\"), the purpose of which is to require advance notice to be provided to the Company in circumstances where nominations of persons for election to the Board are made by shareholders of the Company other than pursuant to: (i) a requisition of a meeting of shareholders made pursuant to the provisions of the Business Corporations Act (Alberta); or (ii) a shareholder proposal made pursuant to the provisions of that Act. \n\n\n \nThe purpose of the Advance Notice Provision is to provide shareholders, directors and management of the Company with a clear framework for nominating directors. Among other things, the Advance Notice Provision fixes a deadline by which shareholders of the Company must submit nominations to the Company prior to any annual or special meeting of the shareholders and sets forth the minimum information that a shareholder must include in the notice to the Company for the notice to be in proper written form.\n\n\n \nIn the case of an annual meeting of the shareholders of the Company, notice to the Company must be made not less than 30 days and no more than 65 days prior to the date of the annual meeting; provided, however, in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement. \n\n\n \nIn the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.\n\n\n \nThe Advance Notice Provision is effective immediately and will be placed before shareholders for ratification at the upcoming annual general and special meeting of shareholders of the Company scheduled for June 10, 2013. A copy...