Teslin River Resources Corp. Adopts Advance Notice Policy
29.04.2013 | Business Wire
Vancouver, BC, April 29, 2013 - Teslin River Resources Corp. (TLR:TSX-V) ("Teslin" or the "Company") has adopted a new policy that requires advance notice to Teslin for nominations of directors other than by management, through a requisition for a meeting or by way of a shareholder proposal.Among 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.
In 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 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 not later than the close of business on the tenth 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 new policy is intended to: (i) facilitate an orderly and efficient annual general or special meeting process; (ii) ensure that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allow shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.
The policy is effective immediately and will be placed before Teslin's shareholders for approval at Teslin's next annual general meeting of shareholders to be held June 12, 2013.
About Teslin River Resources Corp.
Teslin River is an exploration company with a focus on precious metals exploration on mineral property interests in Nevada and British Columbia. Teslin's mineral properties include the Frasergold Project and Rand properties in British Columbia and the Morningstar property in Nevada. Teslin has granted Gold Fields Horsefly Exploration Corporation an option to earn up to an 80% interest in the Rand property.
ON BEHALF OF TESLIN RIVER RESOURCES CORP.
"John Icke"
John Icke, Executive Chairman and Interim President and CEO
For further information please visit www.teslin-river.com or contact us at:
Teslin River Resources Corp.
(604) 696-6516
info@teslin-river.com
Neither 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.