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Petrodorado Announces Upcoming Annual and Special Meeting of Shareholders and Adoption of Advance Notice By-Law
Petrodorado Announces Upcoming Annual and Special Meeting of Shareholders and Adoption of Adva...
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[{"type":"text","content":"Petrodorado Announces Upcoming Annual and Special Meeting of Shareholders and Adoption of Advance Notice By-LawPetrodorado Announces Upcoming Annual and Special Meeting of Shareholders and Adoption of Advance Notice By-Law\nNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES\nCalgary, Alberta CANADA, June 05, 2013 /FSC/ - Petrodorado Energy Ltd.(\"Petrodorado\" or the \"Company\") (TSXV-PDQ) announces the date of its upcoming annual and special meeting of shareholders and the adoption of By-Law No. 2, a by-law relating to the nomination of directors.\nThe Annual and Special Meeting of Shareholders\nThe Company will hold its annual and special meeting of shareholders (the \"Meeting\") on July 16, 2013 at 3:00 p.m. (Calgary time) at the Bow Valley Conference Centre in Calgary, Alberta, to elect directors and appoint the auditors for the ensuing year, approve the existing stock option plan of the Company, as annually required by the TSX Venture Exchange, and to ratify and confirm the adoption by the board of directors of the Company of By-Law No. 2, a by-law relating to nomination of directors (the \"Advance Notice By-Law\"). All shareholders of record as of June 11, 2013 are entitled to vote at the Meeting in person or by proxy.\nThe Advance Notice By-Law\nThe purpose of the Advance Notice By-Law is to ensure all shareholders (including those participating by proxy) receive adequate notice and information about nominated directors, so that they can make informed voting decisions. It also helps ensure orderly and efficient shareholder meetings by providing a structured and transparent framework for nominating directors.\nAmong other things, the Advance Notice By-Law includes a provision that requires advance notice to be given to Petrodorado in circumstances where nominations of persons for election to the Board are made by shareholders of Petrodorado at any annual meeting or any special meeting (where one of the purposes for which such special meeting was called was the election of directors). The Advance Notice By-Law fixes a deadline by which director nominations must be submitted to Petrodorado prior to any annual or special meeting of shareholders and sets forth the information that must be included in the notice to Petrodorado in order for a nominee to be eligible for election.\nIn accordance ...