Business
Tembo Gold Corp. Announces Annual and Special Meeting of Shareholders and Proposed Share Consolidation
(via Thenewswire.ca) Toronto, Ontario / TNW-ACCESSWIRE / November 17, 2014 / Temb...
About this update from Lake Victoria Gold Ltd
[{"type":"text","content":"Tembo Gold Corp. Announces Annual and Special Meeting of Shareholders and Proposed Share Consolidation(via Thenewswire.ca)\n\n \nToronto, Ontario / TNW-ACCESSWIRE / November 17, 2014 / Tembo Gold Corp. (TSXV:TEM) (FRANKFURT:T23) (\"Tembo\" or the \"Company\") is pleased to announce that it will hold its annual and special meeting (the \"Meeting\") of shareholders (\"Shareholders\") on Friday, December 12, 2014 at 2:00 p.m. (EST). The Meeting will be held at the offices of Cassels Brock & Blackwell LLP, 40 King Street West, Suite 2100, Toronto, Ontario.\n\n\n \nAmong other things, at the Meeting, Shareholders will be asked to approve a proposed consolidation (the \"Share Consolidation\") of the Company's issued and outstanding common shares (\"Common Shares\") on an up to one (1) post-consolidation for every ten (10) pre-consolidation basis. Currently, the Company has 136,757,634 Common Shares issued and outstanding. The Board of Directors is recommending Shareholders approve the Share Consolidation in order to increase the Company's flexibility with respect to potential business transactions, including any possible future equity financings. If the Share Consolidation is approved, the Board of Directors will have the authority to implement the Share Consolidation at any time and will be permitted, without further Shareholder approval, to select a consolidation ratio of up to one (1) post-consolidation common share for every ten (10) pre-consolidation common shares based on what they deem to be appropriate in the circumstances. Notwithstanding approval of the Share Consolidation by the Shareholders, Tembo's directors, in their sole discretion, may abandon the Share Consolidation without further approval, action by, or prior notice to Shareholders.\n\n\n \nThe Share Consolidation is also subject to the approval of the TSXV. \n\n\n \nThe Share Consolidation will not change, in any way, any Shareholder's proportion of votes to total votes; however, if the Shareholders approve the Share Consolidation resolution at the Meeting and management decides to implement the Share Consolidation, the total number of votes that a Shareholder may cast at any future Shareholder meetings of the Corporation will be reduced. Any fractional Common Share resulting from the Share Consolidation will be rounded down to the nearest whole number and any ...