TORONTO, June 11, 2013 /CNW/ - Temex Resources Corp. (TSX-V: TME, FWB:
TQ1) ("Temex") announces the adoption by its board of directors (the "Board") of a by-law relating to the nomination of directors (the "Advance Notice By-law") effective June 11, 2013. Among other things, the Advance Notice
By-law includes a provision that requires advance notice to be given to
Temex in circumstances where nominations of persons for election to the
Board are made by shareholders of Temex other than pursuant to a
requisition of a meeting made by a shareholder or a shareholder
proposal made in accordance with the provisions of the Business Corporations Act (Ontario).
In particular, the Advance Notice By-law fixes a deadline by which
director nominations must be submitted to Temex prior to any annual
shareholders' meeting or special shareholders' meeting (if the election
of directors is one of the matters to be considered at such special
shareholders' meeting) and sets forth the information that must be
included in the notice to Temex in order for a nominee to be eligible
for election. In the case of an annual meeting, notice to Temex must be
given no fewer than 30 days nor more than 65 days prior to the date of
the meeting, unless 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, in which case 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 meeting at which the election of
directors is to be considered (that is not also an annual meeting),
notice to Temex must be given 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 meeting was made.
In order for the Advance Notice By-Law to remain in effect following
conclusion of the upcoming annual and special shareholders' meeting to
be held on July 16, 2013 (the "Meeting"), it must be ratified by an ordinary resolution of the shareholders at
the Meeting. The Meeting will be held at the Arcadian Loft #5, Simpson
Tower, 8th Floor, 401 Bay Street, Toronto, Ontario. All shareholders of
record as of June 6, 2013 are entitled to vote at the Meeting either in
person or by proxy.
The full text of the Advance Notice By-law will be available shortly 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
Temex 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: Temex Resources Corp.
For further information:
please visit www.temexcorp.com or
email: firstname.lastname@example.org or phone: 416-862-2246 toll free: 866-373-6287