TSXV: CNP
VANCOUVER,
Dec. 9, 2013 /CNW/ - Cannon Point
Resources Ltd. (the "Company") The Company announces that its
shareholders voted to adopt amendments to the Company's Articles to
include advance notice provisions at its Annual General and Special
Meeting held on November 25, 2013
(the "Advance Notice Provisions").
The Advance Notice Provisions include, among
other things, a provision that requires advance notice be given to
the Company in circumstances where nomination of persons for
election to the Board are made by shareholders of the Company.
The Advance Notice Provisions set a deadline by
which shareholders must submit nominations (a "Notice") for the
election of directors to the Company prior to any annual or special
meeting of shareholders. The Advance Notice Provisions also
set forth the information that a shareholder must include in the
Notice to the Company, and establish 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, a Notice must be provided to the Company not less
than 30 days and not 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 50 days after the date on
which the first public announcement of the date of the annual
meeting was made, a Notice must be provided to the Company 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.
A copy of the Company's amended Articles
containing the Advance Notice Provisions is available under the
Company's profile on SEDAR at www.sedar.com.
The Company further reports that pursuant to the
Company's Stock Option Plan and upon receiving disinterested
shareholder approval, a total of 1,012,500 stock options previously
granted to insiders of the Company have been re-priced at
C$0.14 per share, subject to
regulatory approval. Except for the price changes, all
original terms pertaining to the option agreements will remain in
effect.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jay Sujir"
Per: _____________
Jay Sujir
Director
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
SOURCE Cannon Point Resources Ltd.