Coronado Approves Advance Notice Policy

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[{"type":"text","content":"\n\n\nVANCOUVER, July 16, 2013 /CNW/ - Coronado Resources Ltd. (TSX-V: CRD) and (OTCQX: CRDAF) (\"Coronado\" or the \"Company\") is pleased to announce that Coronado's\n board of directors (the \"Board of Directors\") has approved an advance\n notice policy (the \"Policy\"). The purpose of the Policy is to provide\n shareholders, directors and management of the Company with a clear\n framework for nominating directors of the Company, which will (i)\n facilitate an orderly and efficient process for the election of\n directors at annual general and special meetings; (ii) ensure that all\n shareholders receive adequate notice of the director nominations and\n sufficient information with respect to all director nominees; and (iii)\n allow shareholders to register an informed vote after having been\n afforded reasonable time for appropriate deliberation.\n\n\nThe Policy includes a process that requires advance notice to the\n Company in circumstances where nominations of persons for election to\n the Board of Directors are made by shareholders of the Company. Among\n other things, the Policy fixes a deadline by which holders of record of\n common shares of the Company must submit director nominations to the\n Company prior to any annual general or special meeting of shareholders\n and sets forth the information that a shareholder must include in the\n notice to the Company for the notice to be in proper written form.\n\n\nIn the case of an annual general meeting of shareholders, notice to the\n Company must be made not less than 30 nor more than 65 days prior to\n the date of the annual general meeting; provided, however, that in the\n event that the annual general meeting is to be held on a date that is\n less than 50 days after the date on which the first public announcement\n of the date of the annual general meeting was made, notice may be made\n not later than the close of business on the 10th day following such\n public announcement.\n\n\nIn the case of a special general meeting of shareholders (which is not\n also an annual general meeting), notice to the Company must be made no\n later than the close of business on the 15th day following the day on\n which the first public announcement of the date of the special general\n meeting was made.\n\n\nThe Policy provides that the Board of Directors may, in its sole\n discretion, wai...

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