The adoption of the Advance Notice Policy is intended to:
- Facilitate an orderly and efficient annual general or special meeting process;
- Ensure that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and
- Allow shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.
The Advance Notice Policy, among other things, fixes a deadline by which holders of record of common shares of
- In the case of an annual meeting of shareholders (including an annual and special meeting), not later than the close of business on the 30th day prior to the meeting; provided, however, if the date on which the first public announcement made by the Company of the date of the annual meeting is less than 50 days prior to the meeting date, not later than the close of business on the 10th day following the notice date;
- In the case of a special meeting which is not also an annual meeting of shareholders called for any purpose which includes the election of directors to the Board, 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 is made by the corporation; and
- Notwithstanding the foregoing, the Board may, in its sole discretion, waive any requirement of the Advance Notice Policy.
The Advance Notice Policy is now in effect and the Company intends to seek shareholder approval to amend the Company’s articles to incorporate the provisions of the Advance Notice Policy at the Company’s next annual general meeting of shareholders (“AGM”). A summary of the Advance Notice Policy will be contained in the information circular to be prepared for the 2021 AGM and mailed to the Company’s shareholders. A copy of the Advance Notice Policy is available on the Company website at www.gtgoldcorp.ca.
Neither the
About
For further information, please contact:
President and Chief Executive Officer Tel: (236) 427 5744 Website: www.gtgoldcorp.ca | Chief Financial Officer Tel: (236) 427 5744 info@gtgoldcorp.ca |
2020 GlobeNewswire, Inc., source