NOTICE IS HEREBY GIVEN that the 2012 annual general and special meeting of shareholders
Cambridge Suites Hotel, Executive Board Room, 15 Richmond Street East, Toronto, Ontario
at 4:30 p.m. (Toronto time) was adjourned
The record date for shareholders
entitled to vote at the Meeting
remains the close of business on
May 10, 2012
(the “Record Date”).
The agenda for the Meeting remains the same as described in the Notice of Meeting, Management Information Circular and Proxy
sent to the shareholders in connection with the Meeting
and filed on SEDAR (collectively the “Proxy Materials”).
At the Meeting, in addition to the election of directors
and
appointment of auditors for the ensuing year,
the Company will be :
seeking shareholder approval to consolidate the outstanding capital of the Company
on the basis of
one (1) post-consolidation common share
for every ten (10) outstanding common shares
(the “Share Consolidation”).
There are currently 190,196,458
( 237,128,958 fully-diluted)
common shares outstanding.
If approved, following the Share Consolidation,
there will be 19,019,645
( 23,712,895 fully-diluted) post-consolidation
common shares outstanding.
The Board of Directors believes that
it is in the best interests of the Company
to reduce the number of outstanding
common shares by way of the Share Consolidation.
The potential benefits of the Share Consolidation include :
1) Greater investor interest - a higher post-consolidation common share price
could help generate interest in the Company among investors,
as a higher anticipated common share price may meet investing guidelines for
certain institutional investors and investment funds that may be prevented under their investing guidelines from investing in the common shares at current price;
2) Improved trading liquidity– an increased interest from investors may ultimately
improve the trading liquidity of the Company’s common shares;
and
3) Raise additional capital at a higher price per share
– the higher anticipated price of the post-consolidation
common shares will allow the Company to raise additional capital
through the sale of additional common shares at a
higher price per common share than would be possible
in the absence of the Share Consolidation.
If required as part of the Share Consolidation,
the Company will be seeking shareholder approval to change the
name of the Company
to such minimally different name
as may be required and acceptable to comply with any
technical regulatory requirements.
The Company intends to keep
“Goldeye”
as the main component of the name.
The Share Consolidation and the change of name are subject to approval
by the shareholders of the Company
representing
at least two-thirds
of the shares
voted
at the Meeting
and are subject to regulatory approval, including
approval of the TSX Venture Exchange.
Shareholders who have not voted as of yet are encouraged to submit their votes.
Please promptly vote over the
internet as described on the Proxy included with the Proxy Materials,
or complete, date and sign the Proxy and
return it promptly in the envelope accompanying the Proxy Materials.
Proxies must be received by 4:30 p.m.
(Toronto time) on Friday, June 29, 2012
in order to be voted
at the Meeting.