El Niño Ventures Inc. Adopts Advance Notice Policy
August 14 2013 - 4:21PM
OTC Markets
August 14, 2013 Vancouver,
Canada -- El Ni?o Ventures Inc. ("ELN" and the "Company") (TSX.V:
ELN; Frankfurt: E7Q; OTCQX: ELNOF) Board of Directors has
approved and adopted an Advance Notice Policy (the "Policy") for
the purpose of providing a clear framework for nominating directors
of the Company which will facilitate an orderly and efficient
process for nomination and election of directors at annual or
special general meetings of shareholders. The Policy includes a
process 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 a proposal or requisition of shareholders made in
accordance with the Business Corporations Act (British Columbia).
Among other things, the Policy fixes 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 general
meeting of shareholders and sets forth the information that a
shareholder must include in the notice to the Company for the
notice to be in proper written form.
In the case of an annual general meeting of shareholders, notice to
the Company must be made not less than 30 nor more than 65 days
prior to the date of the annual general meeting; provided, however,
that in the event that the annual general 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 general 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 general meeting of shareholders (which is
not also an annual general meeting) called for the purpose of
electing directors (whether or not called for other purposes),
notice to the Company must be made 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 general meeting was
made. The Policy provides that the Board of Directors may, in its
sole discretion, waive any requirement of the Policy.
The Policy is in effect as at the date of this news release.
Pursuant to the terms of the Policy, the Company intends to seek
shareholder ratification of the Policy at ELN's next Annual General
and Special Meeting (the "Meeting") to be held on September 18,
2013. If the Policy is not confirmed at the Meeting, the Policy
will terminate and be of no further force and effect following the
termination of the Meeting. The full text of the Policy is
available via SEDAR at www.sedar.com and on the Company's website
(www.elninoventures.com).
About El Ni?o Ventures Inc.
El Ni?o Ventures Inc. is an international exploration company,
focused on exploring for lead, zinc, copper, gold and silver in New
Brunswick, Canada and copper in the Democratic Republic of Congo
("DRC").
On Behalf of the Board of Directors
"Harry Barr"
Harry Barr
Chairman & CEO
El Nino Ventures Inc.
Further Information: Tel: +1 604 685
1870 Fax: +1 604 685 8045
Email: info@elninoventures.com or visit www.elninoventures.com
650-555 West 12th Avenue, City Square, West Tower, Vancouver, B.C.,
Canada, V5Z 3X7
Neither the 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.
Cautionary Note Regarding Forward Looking Statements. Note: This
release contains forward-looking statements that involve risks and
uncertainties. These statements may differ materially from actual
future events or results and are based on current expectations or
beliefs. For this purpose, statements of historical fact may be
deemed to be forward-looking statements. In addition,
forward-looking statements include statements in which the Company
uses words such as "continue", "efforts", "expect", "believe",
"anticipate", "confident", "intend", "strategy", "plan", "will",
"estimate", "project", "goal", "target", "prospects", "optimistic"
or similar expressions. These statements by their nature involve
risks and uncertainties, and actual results may differ materially
depending on a variety of important factors, including, among
others, the Company's ability and continuation of efforts to timely
and completely make available adequate current public information,
additional or different regulatory and legal requirements and
restrictions that may be imposed, and other factors as may be
discussed in the documents filed by the Company on SEDAR
(www.sedar.com), including the most recent reports that identify
important risk factors that could cause actual results to differ
from those contained in the forward-looking statements. The Company
does not undertake any obligation to review or confirm analysts'
expectations or estimates or to release publicly any revisions to
any forward-looking statements to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events. Investors should not place undue reliance on
forward-looking statements.
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