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Southern Cross Gold Ltd V.SXG


Primary Symbol: SXGDF

Southern Cross Gold Ltd is an exploration stage company with a focus on gold exploration in Australia. The Company’s focus is primarily on the exploration and development of its portfolio of exploration projects through its wholly owned subsidiaries, Clonbinane Goldfield Pty Ltd (Clonbinane), Mawson Victoria Pty Ltd (Mawson Victoria) and Mawson Queensland Pty Ltd (Mawson Queensland), which hold rights in the projects, including Sunday Creek Project, Whroo Project, Redcastle Project, and Mt Isa Project. Its flagship project, the 100%-owned Sunday Creek epizonal-style gold project, is located about 60 kilometers (km) north of Melbourne within 19,365 hectares (ha) of granted exploration tenements. The Redcastle Project is located in central Victoria about 120 km north of Melbourne, 45 km east of Bendigo and about 20 km northeast of Heathcote. The Mt Isa Project covers about 861 square kilometers of tenure in the Cloncurry/Mount Isa block in Queensland, over a combined 60 km of strike.


OTCPK:SXGDF - Post by User

Bullboard Posts
Post by silver300on May 06, 2012 7:23pm
189 Views
Post# 19877647

call a shareholder meeting

call a shareholder meeting

Business Corporations Act (Ontario) which most other provinces mirror:

"Requisition for shareholders meeting

105.(1) The holders of not less than 5 per cent of the issued shares of a corporation that carry the right to vote at a meeting sought to be held may requisition the directors to call a meeting of shareholders for the purposes stated in the requisition. R.S.O. 1990, c. B.16, s. 105 (1).

Idem

(2) The requisition referred to in subsection (1) shall state the business to be transacted at the meeting and shall be sent to the registered office of the corporation. R.S.O. 1990, c. B.16, s. 105 (2).

Duty of directors to call meeting

(3) Upon receiving the requisition referred to in subsection (1), the directors shall call a meeting of shareholders to transact the business stated in the requisition unless,

(a) a record date has been fixed under subsection 95 (2) and notice thereof has been given under subsection 95 (4);

(b) the directors have called a meeting of shareholders and have given notice thereof under section 96; or

(c) the business of the meeting as stated in the requisition includes matters described in clauses 99 (5) (b) to (d). R.S.O. 1990, c. B.16, s. 105 (3).

Where requisitionist may call meeting

(4) Subject to subsection (3), if the directors do not within twenty-one days after receiving the requisition referred to in subsection (1) call a meeting, any shareholder who signed the requisition may call the meeting. R.S.O. 1990, c. B.16, s. 105 (4)."

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