Visible Gold Mines adopts advance notice by-law

About this update from Visible Gold Mines Inc.

[{"type":"text","content":"\n\n\nROUYN-NORANDA, QC, Oct. 24, 2013 /CNW Telbec/ - Visible Gold Mines Inc. (TSX-V: VGD) (Frankfurt: 3V4) is pleased to announce that its Board of Directors has approved\n amendments to the Corporation's by-laws including, among other things,\n the adoption of an advance notice by-law.  The advance notice by-law\n requires advance notice to the Corporation in circumstances where\n nominations of persons for election to the Board of Directors of the\n Corporation are made by shareholders other than pursuant to a\n requisition of a meeting or a shareholder proposal made under the Canada Business Corporations Act.\n\n\nThe advance notice by-law is meant to facilitate an orderly and\n efficient annual and/or special meeting process, ensure all\n shareholders receive adequate notice of director nominations and\n sufficient information with respect to all nominees, and allow\n shareholders to register an informed vote, having been afforded\n reasonable time for appropriate deliberation.\n\n\nAmong other things, the advance notice by-law fixes a deadline by which\n holders of record of the Corporation's common shares must submit\n director nominations to the Corporation prior to any annual or special\n meeting of shareholders, and sets out the information that a\n shareholder must include in such notice to the Corporation.\n\n\nIn the case of an annual meeting of shareholders, notice to the\n Corporation must be made not less than 30 days nor more than 65 days\n prior to the date of the annual meeting; provided, however, that in the\n event that the annual meeting is to be held on a date that is less than\n 50 days after the date on which first public announcement was made of\n the date of the annual meeting, notice may be made no later than the\n close of business on the tenth 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 Corporation must be made not later than\n the close of business on the 15th day following the day on which first public announcement was made of the\n date of the special meeting.\n\n\nThe advance notice by-law is effective until it is confirmed, confirmed\n as amended or rejected by shareholders of the Corporation at the next\n annual and special meeting of shareholders, to be held on November 29,\n 201...

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