Curis Resources Files Shareholder Meeting Materials
02 Sep, 2014, 21:00 ET
VANCOUVER, Sept. 2, 2014 /CNW/ - Curis Resources Ltd. ("Curis" or the "Company") (TSX:CUV) announces that it has today filed at www.sedar.com a management information circular and related proxy materials in furtherance of its annual general and special meeting of shareholders (the "Meeting") to be held September 25, 2014 in Vancouver British Columbia. The record date for shareholders entitled to vote at the Meeting was August 5, 2014.
Proposed business for the Meeting includes: (i) the election of directors of which six (6) nominees are proposed, three (3) of whom can be considered "independent" directors - Rene Carrier, Gordon Fretwell and James Kerr, and three are non-independent directors - David Copeland (President and Chief Executive Officer) Russell Hallbauer (Chairman of the Board), and Robert Schafer (geological services provider); (ii) the reappointment of DeVisser Gray LLP, Chartered Accountants, of Vancouver, British Columbia; (iii) consideration of amendments to and the continuation of the Company's share option plan (the Option Plan") for a period of three years; and (iv) consideration of an slightly updated shareholder rights plan agreement which has been adopted by the Board of Directors (the "Rights Plan", and together with the Option Plan, the "Plans") to replace its existing shareholder rights plan originally adopted in September 2011 and which, under its terms, will expire on September 25, 2014. The Rights Plan is similar to other such plans adopted by many Canadian companies and is not being adopted in as a defensive tactic or in response to any unsolicited proposal to acquire control of Curis. The Plans renewals are subject to approval by the Toronto Stock Exchange. Please see www.SEDAR.com for copies of the proposed form of Plans. A detailed description of the Plans' terms and conditions are contained in the information circular which will be mailed to shareholders in connection with the Meeting.
About Curis Resources Ltd.
Curis is focused on the acquisition, development and operation of high-quality next generation copper properties in progressive jurisdictions around the world. Its current goal is to advance the 100%-owned Florence Copper project to production through its subsidiary Florence Copper Inc.
Curis is associated with Hunter Dickinson Inc. (HDI), a diversified global mining company with a 25-year history of mineral development success. Additional details on the Company are available at on the website: www.curisresources.com.
About Florence Copper Inc.
Florence Copper is engaged in the final stages of permitting for a Phase 1 Production Test Facility ("PTF") for an in-situ copper recovery project in Arizona, USA. The PTF includes a 24-well in-situ recovery well field and a state of the art solvent extraction/electrowinning plant that will produce copper cathode. The PTF will assist in the demonstration of the science and safety of the in-situ process and provide an opportunity for the public to fully engage and understand this modern copper extraction technology. Concurrently, Florence Copper would advance engineering, testwork, environmental studies and permitting for Phase 2 commercial operations.
For more information about Florence Copper and its projected economic impacts and benefits to the local community, please visit www.florencecopper.com. Sign up to receive project-level information at News and Updates.
The technical information in this news release has been reviewed and approved by David Copeland, PEng, who is a qualified person that is not independent of the Company.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: the Florence Copper project will obtain all required environmental and other permits and all land use and other licenses for construction of the Production Test Facility and full commercial facilities, the Florence Copper project will achieve targeted production levels; studies and development of the Florence Copper project will continue to be positive; contracted parties will provide goods and/or services on the agreed timeframes; equipment necessary for construction and development will be available and will not incur unforeseen breakdowns; no material labour slowdowns or strikes will be incurred; plant and equipment will function as specified; geological or financial parameters will not necessitate future mine plan changes; and no geological or technical problems will occur. Factors that could cause actual results to differ materially from those in forward-looking statements include fluctuations in market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary environmental, land use and other permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, the final outcome of any lawsuits, the continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
SOURCE: Curis Resources Ltd.
For further information:
Susie Bell, Manager Investor Relations
Email: [email protected]
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