Mr. Raymond Threlkeld reports
RAINY RIVER RESOURCES ADOPTS ADVANCE NOTICE POLICY
Rainy River Resources Ltd.'s board of directors has approved an advance notice policy, which
policy includes a provision that requires advance notice to the company
in circumstances where nominations of persons for election to the board
of directors are made by shareholders of the company other than pursuant to: (i) a requisition of 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.
The advance notice policy fixes a deadline by which holders of record of
common shares must submit director nominations to the secretary of the
company prior to any annual or special meeting of shareholders and sets
forth the specific information that a shareholder must include in the
written notice to the secretary of the company for an effective
nomination to occur. No person will be eligible for election as a
director of the company unless nominated in accordance with the
provisions of the policy.
In the case of an annual meeting of shareholders, notice to the company
must be made not less than 30 or more than 65 days prior to the date
of the annual meeting; provided, however, that in the event that the
annual 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 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 meeting of shareholders (which is not also an
annual 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 meeting was made.
The policy is effective and in full force and effect. In accordance
with the terms of the policy, the policy will be put to shareholders
for approval at the annual meeting of shareholders to
be held in May, 2013. If the policy is not confirmed at the meeting
by resolution of shareholders, the policy will terminate, and be of no
further force and effect following the termination of the meeting.
The full text of the policy will be available via SEDAR.
We seek Safe Harbor.
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