Pretivm Adopts Advance Notice Policy
March 05 2014 - 5:00AM
Marketwired
Pretivm Adopts Advance Notice Policy
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 5, 2014) -
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or "the
Company") announces that its Board of Directors has adopted an
Advance Notice Policy ("the Policy"). The purpose of the Policy is
to provide Pretivm's shareholders, directors and management with a
clear framework for nominating persons for election as directors of
the Company.
The Policy has been adopted in order to facilitate an orderly
and efficient annual general or, where the need arises, special
meeting, to provide all shareholders with adequate notice of
director nominations and sufficient information with respect to all
nominees, and allow shareholders to register an informed vote
having been afforded reasonable time for appropriate
deliberation.
Among other things, the Policy fixes a deadline by which holders
of record of common shares of Pretivm must submit director
nominations to 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 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 and not 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 as of March
4, 2014. In accordance with the terms of the Policy, the Policy
will be put to shareholders of the Company for approval at the next
annual meeting which is currently scheduled for May 14, 2014. If
the policy is not confirmed at the annual meeting by ordinary
resolution of shareholders, the Policy will terminate and be of no
further force and effect following the termination of the annual
meeting. A copy of the Policy will be available on SEDAR at
www.sedar.com.
About Pretivm
Pretivm is creating value through gold at its high-grade gold
Brucejack Project, located in northern British Columbia. Permitting
of a high-grade underground gold mine at Brucejack is underway,
with commercial production targeted to commence in 2016.
(SEDAR filings: Pretium Resources Inc.)
Forward Looking Statements
This News Release contains "forward-looking information" and
"forward looking statements" within the meaning of applicable
Canadian and United States securities legislation. Forward-looking
information may include, but is not limited to, risks related to
satisfying conditions of the Offering, information with respect to
our planned exploration and development activities, the adequacy of
Pretivm's financial resources, the estimation of mineral reserves
and resources including the 2013 Valley of the Kings Mineral
Resource estimate, realization of mineral reserve and resource
estimates and timing of development of Pretivm's Brucejack Project,
costs and timing of future exploration, results of future
exploration and drilling, production and processing estimates,
capital and operating cost estimates, timelines and similar
statements relating to the economic viability of the Brucejack
Project, timing and receipt of approvals, consents and permits
under applicable legislation, Pretivm's executive compensation
approach and practice, and adequacy of financial resources.
Wherever possible, words such as "plans", "expects", "projects",
"assumes", "budget", "strategy", "scheduled", "estimates",
"forecasts", "anticipates", "believes", "intends", "targets" and
similar expressions or statements that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative forms of any of these terms and
similar expressions, have been used to identify forward-looking
statements and information. Statements concerning mineral reserve
and resource estimates may also be deemed to constitute
forward-looking information to the extent that they involve
estimates of the mineralization that will be encountered if the
property is developed. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance are not statements of historical fact and may be
forward-looking information. Forward-looking information is subject
to a variety of known and unknown risks, uncertainties and other
factors that could cause actual events or results to differ from
those expressed or implied by the forward-looking information,
including, without limitation, those risks identified in Pretivm's
Annual Information Form dated March 18, 2013 filed on SEDAR at
www.sedar.com and in the United States on Form 40-F through EDGAR
at the SEC's website at www.sec.gov. Forward-looking information is
based on the expectations and opinions of Pretivm's management on
the date the statements are made. The assumptions used in the
preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise. We do not
assume any obligation to update forward-looking information,
whether as a result of new information, future events or otherwise,
other than as required by applicable law. For the reasons set forth
above, prospective investors should not place undue reliance on
forward-looking information. Neither the TSX nor the NYSE has
approved or disapproved of the information contained herein.
Pretium Resources Inc.Robert QuartermainPresident and Chief
Executive Officer(604) 558-1784Pretium Resources Inc.Michelle
RomeroVice President, Corporate Relations(604)
558-1784invest@pretivm.comwww.pretivm.com
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