Sultan Minerals Announces Results of Annual General & Special Meeting
24 Septembre 2013 - 6:05PM
Access Wire
Vancouver, BC -
September 24, 2013: Sultan Minerals Inc. (TSX-V: SUL; "Sultan" "the
Company") is pleased to announce the results of the Annual General
and Special Meeting held on September 23, 2013 in Vancouver, B.C.
Each of the resolutions as listed in the Management Information
Circular was approved including the adoption of the Advance Notice
Policy and the ratification of the Shareholders Rights Plan. In
addition, management nominated and the shareholders elected a slate
of four directors, comprised of Arthur Troup, Frank Lang, Benjamin
Ainsworth and Robin Merrifield.
Advance Notice Policy
The purpose of the
Policy is to provide shareholders, directors and management of the
Company with a clear framework for nominating directors of the
Company. The Company is committed to: (i) facilitating an orderly
and efficient annual general or, where the need arises, special
meeting, process; (ii) ensuring that all shareholders receive
adequate notice of the director nominations and sufficient
information regarding all director nominees; and (iii) allowing
shareholders to register an informed vote after having been
afforded reasonable time for appropriate deliberation. The Policy
is intended to further these objectives. A full text of the Advance
Notice Policy is available on the Company's website as well as
at www.sedar.com
Shareholders Rights Plan
The Board of
Directors of the Company has elected to continue the Shareholder
Rights Plan that expired on September 23, 2013. The new Shareholder
Rights Plan was approved by the TSX Venture Exchange on August 12,
2013 and was presented to and approved by the shareholders of the
Company at the Company's annual general and special meeting held on
September 23, 2013.
The Shareholder Rights Plan has been
designed to protect shareholders from unfair, abusive or coercive
take-over strategies including the acquisition of control of the
Company by a bidder in a transaction or series of transactions that
may not treat all shareholders fairly nor afford all shareholders
an equal opportunity to share in the premium paid upon an
acquisition of control. The Shareholder Rights Plan was adopted to
provide the Board with sufficient time, in the event of a public
take-over bid or tender offer for the common shares, to pursue
alternatives which could enhance shareholder value.
This Shareholder
Rights Plan is not being adopted in response to any proposal to
acquire control of the Company. For more information, please see a
copy of the Shareholder Rights Plan which has been filed under the
Company's profile at www.sedar.com.
Arthur G. Troup,
P.Eng., Geological
President and CEO
For further
information please contact:
Marc Lee, Investor and Corporate Communications
Tel: (604) 628-0519 Fax: (604) 628-0446
Email: mlee@sultanminerals.com
or info@sultanminerals.com
For further
information on Sultan's projects, visit www.sultanminerals.com.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Sultan Minerals Inc. (TSXV:SUL)
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