TORONTO, May 22, 2013 /CNW/ - Red Tiger Mining Inc. ("Red Tiger") announces that Red Tiger will hold its Annual Meeting (the "Meeting") of shareholders on June 25, 2013 at 10:00 a.m. (Toronto Time) at 20 Toronto Street, 2nd Floor, Conference Rooms "A and B", Toronto, Ontario. All shareholders of record as of May 21, 2013 are entitled to vote at the Meeting in person or by proxy.
Red Tiger further announces the approval by its board of directors (the "Board") of By-law No. 2, a by-law relating to the nomination of directors (the "Advance Notice By-law"). The purpose of the Advance Notice By-law is to provide shareholders, directors and management of Red Tiger with a clear framework for nominating directors.
Among other things, the Advance Notice By-law includes a provision that requires advance notice to be given to Red Tiger in circumstances where nominations of persons for election to the Board are made by shareholders of Red Tiger other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Yukon Business Corporations Act (the "Act"); of (ii) a shareholder proposal made pursuant to the provisions of the Act. The Advance Notice By-law fixes a deadline by which director nominations must be submitted to Red Tiger prior to any annual or special meeting of shareholders and sets forth the information that must be included in the notice to Red Tiger in order for a nominee to be eligible for election.
In the case of an annual meeting, notice to Red Tiger must be given no fewer than 30 and not more than 65 days prior to the date of the meeting; provided that if the meeting is to be held on a date that is fewer than 50 days after the date on which the first public announcement of the date of the meeting was made, notice may be given no later than the close of business on the 10th day following such public announcement.
In the case of a special general meeting that is not also an annual meeting, notice to Red Tiger must be made no 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 Advance Notice By-Law is effective as of the date it was approved. In order for the Advance By-Law to remain in effect following conclusion of the Meeting, it must be ratified by an ordinary resolution of the shareholders at the Meeting.
The full text of the Advance Notice By-law is available on SEDAR at www.sedar.com. Further details regarding the Meeting will be contained in a Management Information Circular that will be mailed to shareholders of Red Tiger and filed on SEDAR in due course.
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 release.
SOURCE: Red Tiger Mining Inc.
For further information:
Dr. Thomas Utter
President and CEO
Tel.: +1 52 662 311 8839
CFO and Secretary
Tel.: 416 637-1517 x 107