Relentless Resources Announces Filing of 2013 Year End Results and Adoption of Advance Notice By-Law
April 29 2014 - 6:51PM
Marketwired
Relentless Resources Announces Filing of 2013 Year End Results and
Adoption of Advance Notice By-Law
CALGARY, ALBERTA--(Marketwired - Apr 29, 2014) - Relentless
Resources Ltd. ("Relentless" or "the Company") (TSX-VENTURE:RRL)
announced today that is has filed its audited annual financial
statements for the year ended December 31, 2013, the accompanying
management's discussion and analysis, and the Form 51-101F1
Statement of Reserves Data and Other Oil and Gas
Information, for the year ended December 31, 2013, as mandated
by National Instrument 51-10 Standards of Disclosure for Oil
and Gas Activities. All these filings are available on SEDAR
under the profile of Relentless at www.sedar.com.
The Company also announced today that the Board of Directors of
Relentless has approved the adoption of an advance notice by-law
(the "Advance Notice By-law"), which requires advance notice to
Relentless in circumstances where nominations of persons for
election to the Board are made by shareholders other than pursuant
to a requisition of a meeting made pursuant to the provisions of
the Business Corporations Act (Alberta) ("ABCA") or a
shareholder proposal made pursuant to the provisions of the
ABCA.
Among other things, the Advance Notice By-law fixes a deadline
by which shareholders must submit a notice of director nominations
to Relentless prior to any annual or special meeting of
shareholders where directors are to be elected and sets forth the
information that a shareholder must include in the notice for it to
be valid. In the case of an annual general meeting of shareholders,
notice to the Chief Executive Officer of Relentless must be made
not less than 30 nor more than 65 days prior to the date of the
annual general meeting of shareholders; provided, however, that in
the event that the annual general meeting of shareholders is called
for at a date that is less than 50 days after the date (the "Notice
Date") on which the first public announcement of the date of the
annual meeting was made, notice by the nominating shareholder must
be given not later than the close of business on the tenth (10th)
day following the Notice Date. In the case of a special meeting
(which is not also an annual general meeting) of shareholders
called for the purpose of electing directors (whether or not called
for other purposes), notice to the Chief Executive Officer of
Relentless must be made not later than the close of business on the
fifteenth (15th) day following the date on which the first public
announcement of the date of the special meeting of shareholders was
made.
The purpose of the Advance Notice By-law is to foster a variety
of interests of the shareholders and Relentless by ensuring that
all shareholders, including those participating in a meeting by
proxy rather than in person, receive adequate notice of the
nominations to be considered at a meeting and can thereby exercise
their voting rights in an informed manner. In addition, the Advance
Notice By-law is intended to provide a reasonable framework for
shareholders to nominate directors and should assist in
facilitating an orderly and efficient meeting process.
At the next annual general and special meeting of shareholders
of Relentless to be held on June 5, 2014, the shareholders will be
asked to confirm and ratify the Advance Notice By-law. A copy of
the Advance Notice By-law has been filed under Relentless's SEDAR
profile at www.sedar.com.
About Relentless Resources Ltd.
Relentless is a Calgary based emerging oil and natural gas
company, engaged in the exploration, development, acquisition and
production of natural gas and light gravity crude oil reserves in
Alberta and Saskatchewan. Relentless's common shares trade on the
TSX Venture Exchange under the symbol RRL.
Relentless's primary corporate objective is to achieve
non-dilutive growth and enhance shareholder value through internal
prospect development, strategic production acquisitions and prudent
financial management.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Relentless Resources Ltd.Dan WilsonCEO(403) 532-4466 ext. 227 or
Mobile: (403) 874-9862(403)
303-2503info@relentless-resources.comwww.relentless-resources.com
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