ATAC Resources Ltd. Provides Corporate Update
June 27 2014 - 11:39AM
Marketwired
ATAC Resources Ltd. Provides Corporate Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 27, 2014) - ATAC
Resources Ltd. (TSX-VENTURE:ATC) (the "Company") announces the
following voting results from its June 24, 2014 Annual General and
Special Meeting:
- The number of Company directors was fixed at six;
- The following individuals were elected as directors (each of
whom was an incumbent): Robert C. Carne, Douglas O. Goss, Bruce J.
Kenway, Helmut H. Wöber, Glenn R. Yeadon and Bruce A.
Youngman;
- Davidson & Company LLP were reappointed as Auditors for the
ensuing year;
- The renewal of the Company's Stock Option Plan was
approved;
- A new Shareholder Rights Plan was approved; and,
- The special resolution to amend the Articles to include an
Advance Notice Provision for the Nomination of Directors was not
approved as the resolution did not receive the required 66.67%
support of the votes cast at the meeting.
In light of the voting results from the June 24, 2014
shareholders' meeting and in the best interest of all Company
shareholders, the Board of Directors re-adopted the advance notice
policy (the "Policy") as originally announced in the Company's May
31, 2013 news release. The Policy as re-adopted became effective as
of June 24, 2014 and will be subject to shareholder ratification at
the Company's 2015 annual general meeting.
The Policy, among other things, includes a provision that
requires advance notice to the Company in circumstances where
nominations of persons for election to the Board of Directors are
made by the 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 "Act"); or (ii) a
shareholder proposal made pursuant to the provisions of the
Act.
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 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 meeting of shareholders, notice to the
Company must be made not less than 30 days and not more than 65
days prior to the date of the annual meeting. If the annual 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
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 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 15th day following the day
on which the first public announcement of the date of the special
meeting was made.
About ATAC
ATAC Resources Ltd. is a Yukon-based exploration company focused
on developing Canada's only Carlin-type gold district at its 100%
owned Rackla Gold Project. Recent exploration on the 1,700 sq/km
project has resulted in the delineation of the Tiger Gold Deposit,
drilling of multiple high-grade Carlin-type gold zones and the
identification of numerous early-stage gold exploration targets.
The Rackla Gold Project has no underlying royalties or third-party
interests. ATAC is well-positioned with over $24 million in its
treasury.
On behalf of Management and the Board of Directors of ATAC
Resources Ltd.
Graham Downs, CEO
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 NEWS RELEASE.
This news release may contain forward looking statements
based on assumptions and judgments of management regarding future
events or results that may prove to be inaccurate as a result of
exploration and other risk factors.
ATAC Resources Ltd.Vanessa PickeringManager, Corporate
CommunicationsT: 604-687-2522 ext.
260vpickering@atacresources.comwww.atacresources.com
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