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Galway Metals Inc V.GWM

Alternate Symbol(s):  GAYMF

Galway Metals Inc. is a Canada-based company, which is engaged in the process of exploring the Clarence Stream and Estrades gold and polymetallic projects, located in New Brunswick and Quebec. The Company has a 100% undivided interest in the Clarence Stream gold project, which is located approximately 70 kilometers (km) south-southwest of Fredericton in south-western New Brunswick, Canada. Its land position comprises 60,465 hectares (149,412 acres) with 65 km of strike length (and a width of up to 28 km) along the Sawyer Brook Fault System. The Company has undivided 100% ownership interest in the former producing, high grade Estrades mine, related Newiska concessions, and adjacent Casa Berardi claims in western Quebec, Canada, located approximately 95 km north of the town of La Sarre. The claims are contiguous and comprise 31 km of strike.


TSXV:GWM - Post by User

Bullboard Posts
Post by pickytraderon Jun 08, 2015 9:05pm
148 Views
Post# 23809312

News Release: postponed AGM

News Release: postponed AGMWhat is going on? Maybe Jaguar garnered more voted than RH thought. Never seen cancellation of AGM with 2 days notice. I was also unaware of this New Brunswick law. Monday June 08 2015 - News Release Mr. Robert Hinchcliffe reports GALWAY METALS INC. ANNOUNCES CANCELLATION OF SHAREHOLDER MEETING SCHEDULED FOR JUNE 10, 2015 Galway Metals Inc. advises that under the laws of New Brunswick, which is Galway's jurisdiction of incorporation, shareholders have cumulative voting rights. Pursuant to these rights, each shareholder entitled to vote at an election of directors has the right to cast a number of votes equal to the number of votes attached to the shares held by him multiplied by the number of directors to be elected, and he may cast all such votes in favour of one candidate or distribute them among the candidates in any manner. This right was not disclosed in the amended management information circular or accompanying amended proxy, previously sent to shareholders. In light of the fact that the number of directors nominated for election at the annual and special meeting of shareholders that was to have taken place on June 10, 2015 exceeds the number of board positions available, the management and Board of Directors of Galway believe that it is in the best interests of the shareholders to cancel the meeting of shareholders and provide updated materials to the shareholders in order to ensure that all shareholders have an opportunity to express their wishes in respect of the election of directors in a fully informed manner. As a result, Galway is regrettably cancelling the meeting to be held on June 10, 2015 and will set a new shareholder meeting date shortly. The announcement of the new date will be followed by revised materials being sent to all shareholders. We seek Safe Harbor.
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