Veris Gold Corp. Announces Adoption of Advance Notice Policy

About this update from Volcanic Gold Mines Inc.

[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Jan. 28, 2013 /CNW/ - Veris Gold Corp. (TSX: VG) (OTCQB: YNGFF) (Frankfurt Xetra Exchange:\n NG6A) (\"Veris\" or the \"Company\") announced today the approval by its board of\n directors of an advance notice policy (the \"Policy\") on January 28,\n 2013, which Policy, among other things, includes a provision that\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 \"proposal\"\n made in accordance with Division 7 of the Business Corporations Act\n (British Columbia) (the \"Act\"); or (ii) a requisition of the\n shareholders made in accordance with section 167 of the Act.\n\n\nAmong other things, the Policy fixes a deadline by which holders of\n record of common shares of Veris must submit director nominations to\n the 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 65 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 effective and in full force and effect as of the date it\n was approved.  In accordance with the terms of the Policy, the Policy\n will be put to shareholders of the Company for approval at the next\n Annual General Meeting (\"AGM\"), and if the policy is not conf...

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