Romarco Minerals Inc. Announces Modifications to Proposed Rights Plan
23.05.2011 | CNW
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.TORONTO, May 23, 2011 /CNW Telbec/ - Romarco Minerals Inc. (TSX: R) ("Romarco" or the "Company") announces that it has made slight adjustments to its Shareholder Rights Plan. The Company received suggestions for minor changes and determined the suggestions were acceptable and do not affect the substance of the Shareholder Rights Plan as proposed.
Specifically, the revisions:
● Remove the requirement that "Permitted Lock-Up Agreements" (as defined in the Shareholder Rights Plan) be reduced to writing; and
● Remove the statement that the phrase "acting jointly or in concert" shall not include conduct consisting solely of voting or directing the vote of securities: (i) pursuant to a revocable proxy given in response to a particular proxy solicitation; or (ii) in connection with or in order to participate in a particular proxy solicitation.
A copy of the Shareholder Rights Plan and the changes are available upon request from Andrew McLeod, the Secretary of the Company, at Suite 2600, Three Bentall Centre, Vancouver, British Columbia, V7X 1L3, Telephone (604) 631-3300 or Fax (604) 631-3309.
The Annual and Special Meeting of shareholders of Romarco (the "Meeting") is to be held on Wednesday, June 8th, 2011 at 10:00 am (EDT) at The Fairmont Royal York Hotel, 100 Front Street West, Toronto, Ontario. In order for their votes to be counted at the Meeting, shareholders must vote their proxy by no later than June 6th at 10:00 am (EDT).
For further information:
Romarco Minerals Inc.
Diane Garrett, President and CEO
Phone: 216-621-4200
E-mail: dgarrett@romarco.com
www.romarco.com
Dan Symons, Manager, Investor Relations
Phone: 416-367-5500
E-mail: dsymons@romarco.com
Renmark Financial Communications Inc.
Maurice Dagenais 514-939-3989 or via e-mail at mdagenais@renmarkfinancial.com