|By Marketwired .||
|March 11, 2014 06:01 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/11/14 -- Gold Canyon Resources Inc. (TSX VENTURE: GCU)(PINKSHEETS: GDCRF) ("Gold Canyon" or "the Company"), in connection with the upcoming annual and extraordinary general meeting of shareholders (the "Meeting") to be held on Tuesday, April 15, 2014, has adopted an amended and restated 5% rolling incentive stock option plan (the "New Option Plan") to replace the current 10% rolling incentive stock option plan that was originally adopted by the Company and ratified by the Company's shareholders in 2003. At the Meeting, shareholders will be asked to ratify the New Option Plan by an ordinary resolution as required by the policies of the TSX Venture Exchange. The adoption of the New Option Plan, besides lowering the maximum rolling allocation of common shares reserved, is to ensure consistency with the rules and policies of the TSX Venture Exchange which were substantially revised in May 2013.
Shareholders may review a copy of the New Option Plan through the Internet on SEDAR at www.sedar.com under Gold Canyon's Issuer Profile, or by attending at the Company's registered and records office, Suite 1810, 1111 West Georgia Street, Vancouver, British Columbia, during normal business hours, at any time up to and including the day prior to the meeting or any adjournment thereof.
Gold Canyon has elected to use the notice-and-access provisions for the Meeting pursuant to National Instrument 54-101 ("NI 54-101") ("Notice-and-Access Provisions") with respect to the mailing to its registered shareholders and its non-objecting beneficial shareholders. The Notice-and-Access Provisions are a new set of rules developed by the Canadian Securities Administrators that reduce the volume of materials that must be physically mailed to shareholders by allowing the Company to post the Information Circular and any additional materials (the "Meeting Materials") on a non-SEDAR website, rather than delivering such materials by mail. Shareholders entitled to receive notice will receive this Notice of Meeting and a form of proxy (the "Notice Package") and may choose to receive a hard copy of the Information Circular. The Meeting Materials are otherwise available on SEDAR at www.sedar.com and on the Company's website at http://www.goldcanyon.ca/s/AGM.asp.
Any shareholder who wishes to receive a paper copy of the Meeting Materials should contact the Company at 604-682-3234 or toll free at 1-888-242-3234 within North America. Requests for paper copies of the Meeting Materials must be received at least five (5) business days in advance of the proxy deposit date and time set out below, being 2:00 p.m. (Vancouver time) on, Friday, April 4, 2014, in order to receive the Meeting Materials in advance of the proxy deposit date and Meeting.
About Gold Canyon Resources Inc.:
Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties. The Company controls a 100% interest in the Springpole Gold - Horseshoe Island Gold, Platinum, Palladium Project and a minority interest in the Favourable Lake Poly-metallic property currently under option to Guyana Frontier Mining Corp. pursuant to an option and joint venture agreement entered into in December 2005 - all in the Red Lake Mining District of Ontario, Canada.
Gold Canyon entered into a Rare Earth Element (REE) Joint Exploration Agreement with the Japan Oil, Gas and Metals National Corporation (JOGMEC) in January 2009.
Additional information can be found on the Company's website: www.goldcanyon.ca
Akiko Levinson, President & Director
Certain statements contained in this news release using the terms "may", "expects to", "project", "estimate", "plans", and other terms denoting future possibilities, are forward-looking statements in respect to various issues including upcoming events based upon current expectations which involve risks and uncertainties that could cause actual outcomes and results to differ materially. The future conduct of the Company's business and the feasibility of its mineral exploration properties are dependent upon a number of factors and there can be no assurance that the Company will be able to conduct its operations as contemplated and the accuracy of these statements cannot be guaranteed as they are subject to a variety of risks that are beyond our ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein. The risks include, but are not limited to, the risks described in the above press release; those risks set out in the company's disclosure documents and its annual, quarterly and current reports; the fact that exploration activities seldom result in the discovery of a commercially viable mineral resource and are also significant amounts of capital to undertake and the other risks associated with start-up mineral exploration operations with insufficient liquidity, and no historical profitability. The Company disclaims any obligation to revise any forward looking statements as a result of information received after the fact or regarding future events.
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 release.
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