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Nordex Explosives Ltd V.NXX

"Nordex Explosives Ltd is engaged in development, manufacturing and resale of explosives products in Canada."


TSXV:NXX - Post by User

Post by Bean_and_Dunnon Jun 27, 2014 1:33pm
198 Views
Post# 22701290

Voting Results News Release. Seems pretty clear to me.

Voting Results News Release. Seems pretty clear to me.Comments?


https://www.osc.gov.on.ca/en/Marketplaces_xxr-tsx_20121004_noa-amd-manual.htm

Section 461.4

Following each meeting of security holders at which there is a vote on the election of directors, each listed issuer (a) that has not adopted a majority voting policy for the election of directors must provide notice to TSX by email to disclosure@tsx.com if a director receives a majority of "withhold" votes; and (b)must forthwith issue a news release disclosing the detailed results of the vote for the election of directors.

If security holder approval is required to implement this requirement, for example because an amendment must be made to the issuer's articles of incorporation, the Exchange will not consider the issuer to be in breach of this section if the issuer has submitted and recommended the necessary amendments for approval by security holders and security holder approval is not attained; however if the amendments are not approved by security holders, the issuer must submit and recommend the necessary amendments for approval by security holders at the annual meeting of the issuer not later than three years after the security holder meeting, until such time as the necessary amendments are approved.

B&D

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