| Geologix Announces Adoption of Advance Notice Policy for Election of Directors | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 14, 2014) - Geologix Exploration Inc. (GIX.TO)(GIXEF)(GF6.F)(GF6.BE)(GF6.MU)(GF6.BE) ("Geologix," the "Company") announced today that its Board of Directors has adopted an Advance Notice Policy (the "Policy") in respect to the election of Directors. The purpose of the Policy is to provide the Company's shareholders, Directors, and management with a clear framework for nominating persons for election as Directors. Persons must be nominated in accordance with the Policy in order to be eligible for election. The Policy was adopted to further the Company's commitments to: (i) facilitating an orderly and efficient annual, general, or special meeting process; (ii) ensuring that all shareholders receive adequate notice of the Director nominations and sufficient information regarding all Director nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation. The Policy requires advance notice to the Company where nominations of persons for election to the Board of Directors are made by shareholders. The Policy also fixes a deadline by which nominations of potential directors must be submitted to the Company prior to any annual or special meeting of shareholders, and establishes the information that must be included in the notice to the Company. For annual general meetings of shareholders, notice to the Company of nominations of potential Directors must be made not less than 35 days and not more than 60 days prior to the date of the meeting. If 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, notice may be made not later than the close of business on the tenth day following such public announcement. For special general meetings of shareholders called for the purpose of electing Directors (whether or not called for other purposes), notice to the Company of nominations of potential Directors 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. |
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Geologix Explorations Inc.
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EXPLORATION STAGE |
CODE : GIX.TO |
ISIN : CA3719391094 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Geologix Expl. is a zinc and lead exploration company based in Canada. Geologix Expl. holds various exploration projects in Mexico. Its main exploration properties are RO PROPERTY in USA, LISCAY, CAYHUA, SAN FELIPE PROPERTY, SURA, TORO BLANCO and LA JOYA PROPERTY in Peru and EL CARMEN PROJECT, LIBERTAD, SILVER CLOUD, LA CASITA, CONSEJO, TEPAL and SAN AGUSTIN in Mexico. Geologix Expl. is listed in Canada and in United States of America. Its market capitalisation is CA$ 6.5 millions as of today (US$ 5.0 millions, € 4.4 millions). Its stock quote reached its highest recent level on April 20, 2007 at CA$ 3.20, and its lowest recent point on January 29, 2016 at CA$ 0.02. Geologix Expl. has 161 942 893 shares outstanding. |