Mason Graphite adopts advance notice policy

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[{"type":"text","content":"\n\n\nMONTREAL, Nov. 15, 2013 /CNW/ - Mason Graphite Inc. (\"Mason Graphite\" or the \"Company\") (TSXV: LLG) (OTCQX: MGPHF)\n announces that its Board of Directors has approved an amendment to the Company's\n by-laws to include an advance notice policy (the \"Policy\"), which\n requires advance notice to the Company in circumstances where\n nominations of persons for election to the Board of Directors are made\n by shareholders of the Company other than pursuant to: (i) a\n requisition of a meeting made pursuant to the provisions of the Business Corporations Act (Ontario) (the \"Act\"), or (ii) a shareholder proposal made pursuant to\n the provisions of the Act.\n\n\nAmong other things, the Policy fixes a deadline by which holders of\n record of common shares of the Company must submit director nominations\n to the Company prior to any annual 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 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 no 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 public announcement of the\n date of the special meeting was made.\n\n\nThe Policy is intended to:\n\n\nfacilitate an orderly and efficient annual general or special meeting\n process;\n\n\nensure that all shareholders receive adequate notice of the director\n nominations and sufficient information regarding all director nominees;\n and\n\n\nallow shareholders to register an informed vote after having been\n afforded reasonable time for appropriate deliberation.\n\n\nThe Policy is effective immediately and will be placed before Mason\n Graphite's shareholders for approval at the next annual general meeting\n sc...

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