TSXV - PPZ.H
VANCOUVER, Nov. 28, 2013 /CNW/ - Pacific Topaz Resources Ltd. (TSXV - PPZ.H) (the "Company") announces that its shareholders voted to adopt
amendments to the Company's Articles to include advance notice
provisions at its Annual General Meeting held on November 26, 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
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
780,000 stock options previously granted to insiders of the Company
have been re-priced at C$0.05 per share, subject to regulatory
approval. Except for the amendment to the exercise price, all original
terms pertaining to the previously granted stock options will remain in
ON BEHALF OF PACIFIC TOPAZ RESOURCES LTD.
Chief Executive Officer and 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
SOURCE: Pacific Topaz Resources Ltd.
For further information:
Tel: (604) 609-6110