GREY:ELCGF - Post Discussion
Post by
labrador6 on Oct 05, 2018 3:18pm
Our CEO has to read this
New Point Exploration adopts advance notice policy
2018-10-05 14:56 ET - News Release
Mr. Bryn Gardener-Evans reports
NEW POINT EXPLORATION ADOPTS ADVANCE NOTICE POLICY
New Point Exploration Corp. has approved the adoption of an advance notice policy to provide shareholders, directors and management of the company with a clear framework for nominating directors. The policy is meant to: (i) facilitate an orderly and efficient annual and/or special meeting process; (ii) ensure all shareholders receive adequate notice of director nominations and sufficient information with respect to all nominees; and (iii) allow shareholders to register an informed vote, having been afforded reasonable time for appropriate deliberation.
The policy contains a provision that requires advance notice to New Point in circumstances where nominations of persons for election to the board are made by shareholders of New Point. The policy fixes deadlines by which shareholders of record of New Point must submit director nominations to New Point prior to any annual or special meeting of shareholders and sets forth the information a shareholder must include in the notice to New Point for an effective nomination to occur. No person will be eligible for election as a director of New Point unless nominated in accordance with the provisions of the policy.
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