Graphite One Resources Adopts Advance Notice Bylaw
(via Thenewswire.ca)
APRIL 16, 2013 - Calgary, Alberta - Graphite One Resources Inc. (GPH:
TSX-V; GPHOF: OTCQX) ("Graphite One" or the
"Company") is pleased to announce the approval and adoption
by its board of directors (the "Board") of amendments to its
bylaws to include advance notice provisions (the "Advance Notice
Provisions"), the purpose of which is to require advance notice
to be provided 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 of
shareholders made pursuant to the provisions of the Business
Corporations Act (Alberta); or (ii) a shareholder proposal made
pursuant to the provisions of that Act.
The purpose of the Advance Notice Provision is to provide
shareholders, directors and management of the Company with a clear
framework for nominating directors. Among other things, the Advance
Notice Provision fixes a deadline by which shareholders of the Company
must submit nominations to the Company prior to any annual or special
meeting of the shareholders and sets forth the minimum information
that a shareholder must include in the notice to the Company for the
notice to be in proper written form.
In the case of an annual meeting of the shareholders of the Company,
notice to the Company must be made not less than 30 days and no more
than 65 days prior to the date of the annual meeting; provided,
however, 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 not later than the close of business on the 10th day following
such public announcement.
In 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.
The Advance Notice Provision is effective immediately and will be
placed before shareholders for ratification at the upcoming annual
general and special meeting of shareholders of the Company scheduled
for June 10, 2013. A copy of the Advance Notice Provision has been
filed under the Company's profile at www.sedar.com.
About Graphite Creek
The Graphite Creek Property comprises 129 claims totaling 6,799
hectares on the Seward Peninsula of Alaska, 65 kilometres north of
Nome. Mineralization at the Graphite Creek Property is characterized
by coarse crystalline (large flake) graphite (greater than 80 mesh)
within graphite-bearing schist(s). Graphite mineralization is exposed
at surface. The large flake graphite occurs as disseminations and high
grade segregations and lenses in distinctive
sillimanite-garnet-quartz-biotite schist(s) and/or quartz-biotite
schist(s). The host schist(s) is continuous over 18 kilometres of
strike length, based on mapping, sampling and airborne geophysics.
Please refer to the January 21, 2013 press release where Graphite One
reports the filing of a NI43-101 Technical Report with an inferred
resource of 164.5 million tonnes at 4.61% graphite.
About Graphite One Resources Inc.
GRAPHITE ONE RESOURCES INC. (GPH: TSX-V; GPHOF: OTCQX) is a mineral
exploration company with extensive experience in the state of Alaska
and a business strategy to identify, acquire, and explore high
potential projects ready for rapid advancement. The Graphite Creek
Property on the Seward Peninsula of Alaska fits with the Graphite One
business strategy offering significant potential for the discovery and
development of a large flake, graphite deposit exposed at surface.
Graphite One has an option to earn a 100% interest in the Graphite
Creek Property.
Dean Besserer, P.Geol., Vice President of Exploration for the Company
and a "Qualified Person" under NI 43-101, is responsible for
and has reviewed and approved the technical content of this press
release.
ON BEHALF OF THE BOARD OF DIRECTORS
(signed)
"Anthony Huston"
For more information on Graphite One Resources Inc. please visit the
Company's website, www.GraphiteOneResources.com or contact:
Anthony Huston
President & Director
Tel: (604) 697-2862
Email: AnthonyH@GraphiteOneResources.com
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||Graphite One Resources Inc. is a member of|
||the Gilden Group of companies, for more |
||information on the group please visit the |
||company’s website: www.gildengroup.com. |
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Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed to be
forward-looking statements. All statements in this release, other than
statements of historical facts that address access to capital,
regulatory approvals, exploration drilling, exploitation activities
and events or developments that the Company expects are
forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially
from those in the forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration
successes, continuity of mineralization, uncertainties related to the
ability to obtain necessary permits, licenses and title and delays due
to third party opposition, changes in government policies regarding
mining and natural resource exploration and exploitation, and
continued availability of capital and financing, and general economic,
market or business conditions. Readers are cautioned not to place
undue reliance on this forward-looking information, which is given as
of the date it is expressed in this press release, and the Company
undertakes no obligation to update publicly or revise any
forward-looking information, except as required by applicable
securities laws. For more information on the Company, investors should
review the Company's continuous disclosure filings that are available
at www.sedar.com.
The mineral resource estimates reported in this press release were
prepared in accordance with Canadian National Instrument 43-101
Standards of Disclosure for Mineral Projects ("NI 43-101"),
as required by Canadian securities regulatory authorities. For United
States reporting purposes, the United States Securities and Exchange
Commission ("SEC") applies different standards in the
classification of mineralization. In particular, while the terms
"measured," "indicated" and "inferred"
mineral resources are required pursuant to NI 43-101, the SEC does not
recognize such terms. Canadian standards differ significantly from the
requirements of the SEC. Investors are cautioned not to assume that
any part or all of the mineral deposits in these categories constitute
or will ever be converted into reserves. In addition,
"inferred" mineral resources have a great amount of
uncertainty as to their existence and great uncertainty as to their
economic and legal feasibility. It cannot be assumed that all or any
part of an inferred mineral resource will ever be upgraded to a higher
category. Under Canadian securities laws, issuers must not make any
disclosure of results of an economic analysis that includes inferred
mineral resources, except in rare cases.
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