Ms. Mary Little reports
MIRASOL RESOURCES LTD. IMPLEMENTS ADVANCE NOTICE POLICY
Mirasol Resources Ltd.'s board of
directors has implemented an advance notice policy, effective on
Nov. 22, 2013, which policy, among other things, includes a provision that requires
advance notice to the company in circumstances where nominations of a person or persons for
election to the board of directors are made by shareholders of the company other than
pursuant to: (i) a requisition for a meeting made pursuant to the provisions of the Business
Corporations Act (British Columbia); or (ii) a shareholder proposal made pursuant to
the provisions of the act.
Among other things, the policy fixes a deadline by which holders of record of common shares of
the company must submit director nominations to the company prior to any annual or special
general meeting of shareholders, and sets forth the information that a shareholder must include
in the notice to the company for the notice to be in proper written form. The policy provides
that the board may, in its sole discretion, waive any requirement of the policy.
In the case of an annual general meeting of shareholders, notice to the company must be made
not less than 30 nor more than 65 days prior to the date of the annual general meeting;
provided, however, that in the event that the annual general meeting is to be held on a date that
is less than 50 days after the date on which the first public announcement of the date of the
annual general meeting was made, notice may be made not later than the close of business on
the 10th day following such public announcement.
In the case of a special general meeting of shareholders (which is not also an annual general
meeting), notice to the company must be made not later than the close of business on the 15th
day following the day on which the first public announcement of the date of the special general
meeting was made.
The policy is effective as of Nov. 22, 2013. In the event that any nominations not
contemplated by the management information circular are made at the annual and special
general meeting of shareholders to be held on Dec. 2, 2013, the board of
directors will exercise its discretion in accordance with the policy.
The full text of the policy is available on SEDAR.
Further details on the meeting are contained in a management information circular that has
been mailed to shareholders of the company and is available on SEDAR.
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