Benton Capital adopts advance notice policy

About this update from Silver Valley Metals Corp

[{"type":"text","content":"\n\n\n\n\n\nTHUNDER BAY, ON, May 3, 2013 /CNW/ - Benton Capital Corp. (TSXV: BTC) (\"Benton\") announces that its board of directors has\n adopted an advance notice policy (the \"Policy\") in order to facilitate\n an orderly and efficient annual general meeting or, where the need\n arises, special meeting, to ensure that all shareholders receive\n adequate notice of director nominations and sufficient information with\n respect to all nominees, and to allow shareholders to register an\n informed vote having been afforded reasonable time for appropriate\n deliberation.\n\n\nThe Policy, among other things, fixes a deadline by which holders of\n record of common shares must submit director nominations to the\n Secretary of the Company prior to any annual or special meeting of\n shareholders and sets forth the specific information that a shareholder\n must include in the written notice to the Secretary of the Company for\n an effective nomination to occur. No person will be eligible for\n election as a director of the Company unless nominated in accordance\n with the provisions of the Policy.\n\n\nIn the case of an annual meeting of shareholders, notice to the Company\n must be made not less than 30 nor more than 65 days prior to the date\n of the annual meeting; provided, however, that in the event that the\n annual meeting is to be held on a date that is less than 50 days after\n the date on which the first public announcement of the date of the\n annual meeting was made, notice may be made not later than the close of\n 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), notice to the Company must be made not later than the\n close of business on the 15th day following the day on which the first\n public announcement of the date of the special meeting was made.\n\n\nThe Policy is in full force and effect as of May 1, 2013. In accordance\n with the terms of the Policy, the Policy will be put to shareholders of\n the Company for approval at the next annual general and special meeting\n (the \"Meeting\"), which is scheduled for July 3, 2013. If the Policy is\n not confirmed at the Meeting, the Policy will terminate and be of no\n further force and effect following the termination of the Meeting.\n\n\nAbout Benton Capital Corp.:\n\n...

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