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or Name
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CA



Keek Inc (2)
Symbol KEK
Shares Issued 24,395,216
Close 2016-02-10 C$ 0.245
Market Cap C$ 5,976,828
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Keek adopts advance notice bylaw

2016-02-10 20:25 ET - News Release

Mr. Dimi Paun reports

KEEK ANNOUNCES ADOPTION OF ADVANCED NOTICE BY-LAW AND ISSUANCE OF SHARES FOR DEBT

Keek Inc.'s board of directors has adopted Bylaw No. 2 relating to advance notice requirements for director elections.

The purpose of the advance notice bylaw is (i) to ensure that all shareholders receive adequate notice of director nominations, and sufficient time and information with respect to all nominees to make appropriate deliberations and register an informed vote; and (ii) to facilitate an orderly and efficient process for annual or special meetings of the shareholders of the company. The advance notice bylaw fixes the deadlines by which shareholders must submit director nominations to the company prior to any annual or special meeting of shareholders, and sets forth the information that a shareholder must include in a timely written notice to the company for any director nominee to be eligible for election at such annual or special meeting of shareholders.

Pursuant to the advance notice bylaw, shareholders seeking to nominate candidates for election as directors other than pursuant to a proposal or requisition of shareholders made in accordance with the provisions of the Business Corporations Act (Alberta) must provide timely written notice to the corporate secretary of the company. A shareholder's notice must be received not less than 30 nor more than 65 days prior to the date of an annual meeting of shareholders; provided, however, that if the annual meeting date is less than 50 days from the date the meeting was publicly announced, then a shareholder's notice can be received not later than the close of business on the 10th day following the date of such public announcement. In the case of a special meeting of shareholders (which is not also an annual meeting), which includes the election of directors to the board, a shareholder's notice must be received not later than the 15th day following the date the special meeting was publicly announced. The advance notice bylaw also prescribes the form of written notice for a shareholder's notice. The board may, in its sole discretion, waive any requirement under these provisions.

The advance notice bylaw is now in effect and is being placed before shareholders for approval at the next annual and special meeting of shareholders of Keek scheduled for March 11, 2016. The advance notice bylaw will cease to be effective unless it is approved by a majority of the votes cast on a resolution by the shareholders of the company at the meeting. The full text of the advance notice bylaw is available under the company's profile on SEDAR.

In addition, Keek also announces that it has received acceptance from the TSX Venture Exchange to settle $42,515 of debt owed to trade creditors through the issuance of 170,060 common shares at a price of 25 cents per share. The shares are subject to a four-month hold period.

In addition, subject to receiving approval from the TSX-V, Keek has entered into an agreement with an additional trade creditor to settle $8,232 through the issuance of 32,928 common shares at a price of 25 cents per share.

We seek Safe Harbor.

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