Northern Freegold Adopts Advance Notice Policy, Re-Prices and Grants Options

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[{"type":"text","content":"Northern Freegold Adopts Advance Notice Policy, Re-Prices and Grants Options(via Thenewswire.ca)\n\n \nVancouver, BC: August 19, 2013. Northern Freegold Resources Ltd. (TSX-V: NFR) (OTCQX: NFRGF) (the \"Company\") announces the approval by the Board of an Advance Notice Policy (the \"Policy\"), which requires advance notice to the Company in circumstances where nominations of persons for election to the Board are made by shareholders of the Company other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (British Columbia) (the \"Act\"), or (ii) a shareholder proposal made pursuant to the provisions of the Act.\n\n\n \nAmong other things, the Policy fixes a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for the notice to be in proper written form.\n\n\n \nIn the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 nor more than 65 days prior to the date of the annual meeting; provided, however, that in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made no later than the close of business on the 10th day following such public announcement.\n\n\n \nIn the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.\n\n\n \nThe Policy is effective March 5, 2013. Shareholder approval to amend the articles of the Company to include the provisions of the Policy will be sought at the Company's next annual general and special meeting, October 10, 2013. The full text of the Policy is available under the Company's SEDAR profile at www.sedar.com. \n\n\n \nThe Company also announces that its Board of Directors has approved the grant of 2,755,000 stock options to directors, officers, employees, and consultants pursuant to the Company's approved stock option plan. The option...

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