VMS Ventures Announces Annual Meeting, Record Date and Adopts Advance Notice Policy
February 13 2014 - 10:31AM
Marketwired
VMS Ventures Announces Annual Meeting, Record Date and Adopts
Advance Notice Policy
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 13, 2014) - VMS
Ventures Inc. (TSX-VENTURE:VMS) ("VMS Ventures" or the "Company")
announced on February 13, 2014 that it will hold an annual meeting
of shareholders (the "Meeting") on April 17, 2014. The record date
for the shareholders entitled to vote at the Meeting has been set
as shareholders of record as at the close of business on March 10,
2014.
The Company also announces that the board of directors (the
"Board") of the Company approved an advance notice policy (the
"Advance Notice Policy") on February 13, 2014. The Advance Notice
Policy includes, among other things, a provision that requires
advance notice be given to the Company in circumstances where
nominations of persons for election to the Board 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) (the "BCA"); or (ii) a
shareholder proposal made pursuant to the provisions of the
BCA.
Additionally, the Advance Notice Policy sets 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
meeting of shareholders, sets forth the information that a
shareholder must include in the notice to the Company, and
establishes the form in which the shareholder must submit the
notice for that notice to be in proper written form.
In the case of an annual meeting of shareholders, notice to the
Company must be made not less than 30 days nor more than 65 days
prior to the date of the annual meeting. However, in the event that
the annual meeting is to be held on a date that is less than 40
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 tenth (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 fifteenth (15th) day
following the day on which the first public announcement of the
date of the special meeting was made.
The Advance Notice Policy is in full force and effect as of the
date it was approved. In accordance with the terms of the Advance
Notice Policy, the Advance Notice Policy will be put to
shareholders of the Company for approval at the Meeting, and if the
Advance Notice Policy is not confirmed at the Meeting by ordinary
resolution of shareholders, the Advance Notice Policy will
terminate and be of no further force and effect following the
termination of the Meeting.
For purposes of the Meeting, in accordance with the terms of the
Advance Notice Policy, the Board has determined that notice of
nominations of persons for election to the Board at the Meeting
must be made by March 13, 2014. Such notice must be in the form,
and given in the manner, prescribed by the Advance Notice Policy,
and the Corporate Secretary of the Company has stipulated
es@vmsventures.com as an email address for receipt of such a
notice.
The full text of the Advance Notice Policy is available under
the Company's profile on SEDAR at www.sedar.com.
About VMS Ventures Inc.:
VMS Ventures Inc. is focused primarily on acquiring, exploring
and developing copper-zinc-gold-silver massive sulphide deposits in
the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS
project property portfolio consists of the Reed mine, which is
subject to a 70-30 JV with Hudbay Minerals and achieved initial
production in Q4-2013, Copper Project, McClarty Lake Project, Sails
Lake Project, Puella Bay Project and Morton Lake Project. Outside
of the Snow Lake camp, the Company holds massive sulphide
prospective properties near the past producing Fox Lake and Ruttan
copper-zinc mines, near the communities of Lynn Lake and Leaf
Rapids in northern Manitoba. These properties are located in the
mining friendly province of Manitoba, Canada. The Company also has
optioned the Black Creek property in the Sudbury mining camp.
VMS Ventures owns approximately 23.9% of North American Nickel
Inc. (TSX-VENTURE:NAN). For more information on North American
Nickel Inc., please visit www.northamericannickel.com.
ON BEHALF OF THE BOARD OF DIRECTORS
John Roozendaal, B.Sc., President
VMS Ventures Inc.
Neither the TSX
Venture Exchange nor its Regulation Service Provider (as the term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy of accuracy of this news
release.
VMS Ventures Inc.Evan SleemanDirector and Corporate
Secretary(604) 986-2020 or Toll Free:
1-866-816-0118www.vmsventures.com
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