Altiplano Minerals Adopts Advance Notice Policy for Director Nominations
July 05 2013 - 4:10PM
Access Wire
July 5, 2013 - Vancouver, British Columbia
- Altiplano Minerals Ltd.
("Altiplano" or the "Company") (APN: TSX-V) announces
today that the Board of Directors has
approved the adoption of an advance notice policy (the "Policy"),
for the purpose of providing shareholders, directors and management
of Altiplano with a clear framework for nominating directors. The
Policy is meant to: (i) facilitate an orderly
and efficient annual general or, where the need arises, special
meeting, process; (ii) ensure all shareholders receive adequate
notice of the director nominations and sufficient information with
respect to all nominees; and (iii) allow shareholders to register
an informed vote having been afforded reasonable time for
appropriate deliberation.
The Policy
contains a provision that requires advance notice to Altiplano in
circumstances where nominations of persons for election to the
board of directors are made by shareholders of Altiplano. The
Policy fixes deadlines by which holders of record of common shares
of Altiplano must submit director nominations to Altiplano prior to
any annual or special meeting of shareholders and sets forth the
information that a shareholder must include in the notice to
Altiplano for an effective nomination to occur. No person will be
eligible for election as a director of Altiplano unless nominated
in accordance with the provisions of the Policy.
The deadline for
notice to Altiplano in the case of an annual meeting of
shareholders is not less than 55 days prior to the date of the
annual meeting of shareholders; provided, however, that in the
event that the annual meeting of shareholders is to be held on a
date that is less than 65 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 (which is not also an annual meeting) of
shareholders called for the purpose of electing directors (whether
or not called for any other purposes), the deadline for notice to
Altiplano is no 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.
At the annual and
special meeting to be held on August 28, 2013, the shareholders of
Altiplano will be asked to ratify and confirm the adoption of the
Policy. The Board has determined
that the Policy is effective, and in full force and effect as of
July 3, 2013.
The full text of the
Policy is available via SEDAR under Altiplano's issuer profile at
www.sedar.com or upon request by contacting the Company at 604.697.2861.
ON BEHALF OF THE
BOARD
/s/
"John Williamson"
Chairman
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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