|By Marketwired .||
|June 30, 2014 09:04 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/01/14 -- BCM Resources Corporation (TSX VENTURE:B) ( the "Company") announces the adoption by its Board of Directors of an Advance Notice Policy in respect of the election of directors.
The purpose of the Policy is to provide shareholders, directors and management of the Company with guidance on the process of nominating persons for election as directors of the Company. No person will be eligible for election unless nominated in accordance with the Policy.
The Policy was adopted to further the Company's commitments to: (i) facilitating an orderly and efficient process respecting annual and/or special general shareholder meetings; (ii) ensuring all shareholders receive adequate notice of the persons nominated for election as directors and sufficient information with respect to all nominees and ; (iii) allowing shareholders to register an informed vote.
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 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 sets forth 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 but if the 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 10th calendar day following such public announcement.
For special general meetings of shareholders (which are not also an annual general meeting) 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 calendar day following the day on which the first public announcement of the date of the special meeting was made.
The Policy is effective as of June 30, 2014. Pursuant to the terms of the Policy, the Company will seek shareholder ratification of the Policy and authorization to amend the Articles of the Company to include the provisions of the Policy at its next annual general meeting of shareholders.
The full text of the Policy is available under the Company's profile at www.sedar.com.
About BCM Resources Corporation
BCM Resources Corp. is a Vancouver-based mineral exploration company, dedicated to advancing its Shan South molybdenum discovery. The Company is also the holder of a significant land package of 100% owned mineral claims comprising another five properties near Terrace, B.C. All of these are considered to be highly prospective for molybdenum and other base & precious metals.
On Behalf of the Board of Directors:
Dale McClanaghan, President & CEO
Neither 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.
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