Pangolin Diamonds Adopts Advance Notice By-Law
07 Fevereiro 2014 - 7:30PM
Marketwired
Pangolin Diamonds Adopts Advance Notice By-Law
TORONTO, ONTARIO--(Marketwired - Feb 7, 2014) - Pangolin
Diamonds Corp. (TSX-VENTURE:PAN) (the "Company" or "Pangolin")
today announced the adoption by its Board of Directors of By-law
No. 1A of the Corporation (the "Advance Notice By-law"), a by-law
establishing a framework for advance nominations of directors by
shareholders of the Company ("Shareholders").
The Advance Notice
By-law is similar to the advance notice by-laws adopted by many
other Canadian public companies, and provides for advance notice of
nominations of directors in circumstances where nominations for
election to the Board of Directors are made by Shareholders. The
Advance Notice By-law is designed to provide Shareholders,
directors and management of the Company with a transparent,
structured and fair process for nominating directors of the Company
in connection with any annual or special meeting of
Shareholders.
The Advance Notice
By-law provides a clear process for Shareholders to follow to
nominate directors, fixes a deadline by which registered
Shareholders must submit, in writing, nominations for directors to
the corporate secretary of the Company prior to any annual or
special meeting of Shareholders and sets forth the specific
information that such holders must include with their nominations
in order to be effective.
For an annual
meeting of Shareholders, notice to the Company must be not less
than 30 and not more than 65 days prior to the date of the annual
meeting; save and except where the annual meeting is to be held on
a date less than 50 days after the date on which the first public
announcement of the date of such annual meeting was made, in which
event notice may be given not later than the close of business on
the 10th day following such public announcement.
For a special
meeting of Shareholders (that is not also an annual meeting),
notice to the Company must be given not later than the close of
business on the 15th day following the day on which the first
public announcement of the date of such special meeting was
made.
The Advance Notice
By-law is effective as of February 6, 2014 and will be placed
before Shareholders for ratification at the Company's upcoming
annual and special meeting of Shareholders which is scheduled for
Wednesday March 5, 2014.
About Pangolin
Diamonds Corp.
Pangolin Diamonds
Corp. is building a leading diamond exploration and development
company in the heart of Botswana, the world's leading diamond
producing country by value. The Company is the 100% owner of four
separate project areas including the Tsabong North, Jwaneng South,
Malatswae and Mmadinare Projects. Pangolin's management and team
leaders have over 145 years of combined diamond exploration
experience in southern Africa. This makes the Company the most
experienced diamond explorer in Botswana other than De Beers
Exploration and Debswana. The Company is equipped for exploration,
with two diamond drill rigs and a fully portable one-tonne per hour
Dense Media Separation Plant used to prepare samples and make
diamond concentrates. Pangolin is well-funded to continue its
exploration programs for the next year.
For more information
on Pangolin Diamonds Corp, please refer to:
www.pangolindiamondscorp.com
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.
Pangolin Diamonds Corp.Scott YoungInvestor
Relations+1.416.488.1370scott@pangolindiamondscorp.comPangolin
Diamonds Corp.Graham C. WarrenChief Financial
Officer+1.416.594.0473+1.416.594.1630gwarren@pangolindiamondscorp.comwww.pangolindiamondscorp.com
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