Toronto Stock Exchange (TSX): CVV
VANCOUVER, March 20, 2013 /CNW/ - CanAlaska Uranium Ltd. (TSX - CVV) ("CanAlaska" or the "Company") has adopted an Advance Notice Policy (the
"Policy") for the purpose of providing shareholders, directors and
management of the Company with a clear framework for nominating
directors of the Company at a shareholders' meeting. The Policy is
designed to further CanAlaska's commitment to: (i) facilitating an
orderly and efficient annual general or, where the need arises, special
meeting, process; (ii) ensuring that all shareholders receive adequate
notice of the director nominations and sufficient information regarding
all director nominees; and (iii) allowing shareholders to register an
informed vote after having been afforded reasonable time for
The Policy contains a provision requiring advance notice to the Company
in certain circumstances where nominations of persons for election to
the Board of Directors are made by shareholders of the Company. The
Policy establishes a deadline by which director nominations must be
submitted to the Company prior to any annual or special meeting of
shareholders and sets forth the information that must be included in
the notice to the Company. No person will be eligible for election as a
director of the Company unless nominated in accordance with the Policy.
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; provided, however, that, 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, 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 called for the purpose
of electing directors (whether or not called for other purposes),
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.
The full text of the Policy is available under the Company's profile at www.sedar.com and on the Company's website (www.canalaska.com) or upon request by contacting the Company's Corporate Secretary,
Dianne Szigety at (604) 379-5435.
The Policy is in effect as at the date of this news release. Pursuant to
the terms of the Policy, the Company will seek shareholder ratification
of the Policy at its next annual general meeting of shareholders (the
"Meeting"). 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.
About CanAlaska Uranium
CANALASKA URANIUM LTD. (CVV - TSX, CVVUF -- OTCBB, DH7F -- Frankfurt) since 2004 has undertaken uranium exploration on multiple uranium
projects in Canada's Athabasca Basin -- the "Saudi Arabia of Uranium".
The Company has major international joint venture partners and is
concentrating its activities on these most advanced projects.
For more information, visit www.canalaska.com
On behalf of the Board of Directors
Peter Dasler, M.Sc., P.Geo., President & CEO,
CanAlaska Uranium Ltd.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release: CUSIP# 13708P 10 2. This news
release contains certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical
fact, included herein are forward-looking statements that involve
various risks and uncertainties. See www.canalaska.com for full information on our Forward-Looking Statements There can be no
assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time with the
British Columbia Securities Commission and the United States Securities
& Exchange Commission.
SOURCE: CanAlaska Uranium Ltd.
For further information:
Peter Dasler, President and CEO.