Search Minerals announces adoption of advance notice policy

About this update from Search Minerals Inc.

[{"type":"text","content":"\n\n\nVANCOUVER, June 7, 2013 /CNW/ - Search Minerals Inc. (\"Search\" or the \"Company\") (TSXV: SMY) announces the approval by its board of directors of an\n advance notice policy (the \"Policy\"). The purpose of the Policy is to (i) facilitate an orderly and\n efficient annual general or, where the need arises, special meeting,\n process, (ii) ensure that all shareholders receive adequate notice of\n the director nominations and sufficient information regarding all\n director nominees, and (iii) allow shareholders to register an informed\n vote after having been afforded reasonable time for appropriate\n deliberation.\n\n\nThe Policy, among other things, includes a provision that requires\n advance notice to the Company in certain circumstances where\n nominations of persons for election to the board of directors are made\n by shareholders of the Company. The Policy fixes a deadline by which\n director nominations must be submitted to the Company prior to any\n annual or special meeting of shareholders and sets forth the\n information that must be included in the notice to the Company for the\n notice to be in proper written form.\n\n\nIn the case of an annual meeting of shareholders, notice to the Company\n must be made not less than 36 days nor more than 65 days prior to the\n date of the annual meeting, provided, however, that in the event that\n the annual meeting is to be held on a date that is less than 50 days\n after the date on which the first public announcement of the date of\n the annual meeting was made, notice may be made not later than the\n close of business on the 10th day following such public announcement.\n\n\nIn the case of a special meeting of shareholders, which is not also an\n annual meeting, called for the purpose of electing directors (whether\n or not called for other purposes), notice to the Company must be made\n not later than the close of business on the 15th day following the day\n on which the first public announcement of the date of the special\n meeting was made.\n\n\nThe Policy is in effect as at the date of this news release.  The\n Company intends to seek shareholder approval to alter the Company's\n articles (the \"Alteration\") to include the provisions of the Policy at its annual general and\n special meeting of shareholders scheduled for July 17, 2013 (the \"Meeting\").  If...

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