Blackhawk adopts corporate practice, technology bylaws Blackhawk Resource Corp (2) (C:BLR)
Shares Issued 22,179,706
Last Close 11/25/2013 $0.105
Tuesday November 26 2013 - News Release
Mr. Dave Antony reports
BLACKHAWK ADOPTS NEW BYLAWS
Blackhawk Resource Corp.'s board of directors has adopted replacement bylaw No. 3. The New bylaws have been modernized as compared to the prior bylaws and reflect changes to corporate law in Alberta, general technological advancements and standard corporate practices. The New bylaws are more consolidated than the prior bylaws in that they do not restate many legislative requirements, including, among others, provisions dealing with corporate borrowing, proxy matters, the place and time of meetings and notice to shareholders.
The New bylaws also incorporate an advance notice provision with respect to the nomination of directors. The New bylaws set forth a procedure requiring advance notice to the Corporation by any shareholder who intends to nominate any person for election as a director of the Corporation other than pursuant to a proposal or a requisition of shareholders made in accordance with the Business Corporations Act (Alberta). Among other things, the advance notice provision fixes a deadline by which holders of record of common shares of the Corporation must submit director nominations to the Corporation prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Corporation.
The New bylaws also reflect changes with respect to the electronic transfer of securities required to support the Direct Registration System for the Corporation's securities.
The New bylaws are effective immediately and will be placed before shareholders for ratification and confirmation at the upcoming annual general and special meeting of shareholders of the Corporation on December 19, 2013. A copy of the New bylaws has been filed under the Corporation's profile at www.sedar.com.