VANCOUVER, Jan. 28, 2013 /CNW/ - Veris Gold Corp. (TSX: VG) (OTCQB: YNGFF) (Frankfurt Xetra Exchange:
NG6A) ("Veris" or the "Company") announced today the approval by its board of
directors of an advance notice policy (the "Policy") on January 28,
2013, which 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 shareholders of the Company other than pursuant to: (i) a "proposal"
made in accordance with Division 7 of the Business Corporations Act
(British Columbia) (the "Act"); or (ii) a requisition of the
shareholders made in accordance with section 167 of the Act.
Among other things, the Policy fixes a deadline by which holders of
record of common shares of Veris must submit director nominations to
the Secretary of the Company prior to any annual or special meeting of
shareholders and sets forth the specific information that a shareholder
must include in the written notice to the Secretary of the Company for
an effective nomination to occur. No person will be eligible for
election as a director of the Company unless nominated in accordance
with the provisions of the Policy.
In the case of an annual 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 meeting; provided, however, that in the event that the
annual meeting is to be held on a date that is less than 65 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.
The Policy is effective and in full force and effect as of the date it
was approved. In accordance with the terms of the Policy, the Policy
will be put to shareholders of the Company for approval at the next
Annual General Meeting ("AGM"), and if the policy is not confirmed at
the meeting by ordinary resolution of shareholders, the Policy will
terminate and be of no further force and effect following the
termination of the AGM.
The full text of the Policy is available via SEDAR at www.sedar.com
Veris Gold Corp. is a growing mid-tier North American gold producer in
the business of developing and operating gold mines in geo-politically
stable jurisdictions. The Company's primary asset is the permitted and
operating Jerritt Canyon gold mine located 50 miles north of Elko,
Nevada, USA. The Company also holds a diverse portfolio of precious
metals properties in British Columbia and the Yukon Territory, Canada,
including the former producing Ketza River mine. The Company's focus
has been on the re-development of the Jerritt Canyon mining and milling
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adequacy or accuracy of this release.
This press release contains "forward-looking statements" and "forward
looking information" within the meaning of applicable securities laws.
All statements, other than statements of historical fact, including
without limitation, statements relating to plans for or intentions with
respect to the offering of Securities and the Company's use of proceeds
from the sale of Securities are forward-looking statements. Generally,
these forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". By their nature,
forward-looking statements and information are based on assumptions and
involve known and unknown risks, uncertainties and other factors that
may cause our actual results, performance or achievements, or industry
results, to be materially different from future results, performance or
achievements expressed or implied by such forward-looking information.
Such risks, uncertainties and other factors include among other things
the following: the Company's ability to engage underwriters, dealers or
agents on terms and conditions deemed reasonable by the Company; the
need to satisfy regulatory and legal requirements with respect to any
offerings; gold price volatility; discrepancies between actual and
estimated production and mineral reserves and resources; the
speculative nature of gold exploration; mining operational and
development risk; and regulatory risks. See our Annual Information Form
for additional information on risks, uncertainties and other related
factors. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements. The Company
does not undertake to update any forward-looking statements that are
incorporated by reference herein, except in accordance with applicable
SOURCE: Veris Gold Corp.
For further information:
Veris Gold Corp.
Investor Relations Manager
Tel: (604) 688-9427 ext 224
CHF Investor Relations
Director of Operations
Tel: (416) 868-1079 ext. 225
Chairman Tel: +49 711 25 35 92 40