|By Marketwired .||
|July 21, 2014 01:49 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 07/21/14 -- Huntington Exploration Inc. ("HEI" or the "Corporation") (TSX VENTURE: HEI) announced today that the Board of Directors of HEI has approved the adoption of an advance notice by-law (the "Advance Notice By-law"), which requires advance notice to HEI in circumstances where nominations of persons for election to the Board are made by shareholders other than pursuant to a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (Alberta) ("ABCA") or a shareholder proposal made pursuant to the provisions of the ABCA.
Among other things, the Advance Notice By-law fixes a deadline by which shareholders must submit a notice of director nominations to HEI prior to any annual or special meeting of shareholders where directors are to be elected and sets forth the information that a shareholder must include in the notice for it to be valid. In the case of an annual general meeting of shareholders, notice to the Chief Executive Officer of HEI must be made not less than 30 nor more than 65 days prior to the date of the annual general meeting of shareholders; provided, however, that in the event that the annual general meeting of shareholders is called for at a date that is less than 50 days after the date (the "Notice Date") on which the first public announcement of the date of the annual meeting was made, notice by the nominating shareholder must be given not later than the close of business on the tenth (10th) day following the Notice Date. In the case of a special meeting (which is not also an annual general meeting) of shareholders called for the purpose of electing directors (whether or not called for other purposes), notice to the Chief Executive Officer of HEI must be made not later than the close of business on the fifteenth (15th) day following the date on which the first public announcement of the date of the special meeting of shareholders was made.
The purpose of the Advance Notice By-law is to foster a variety of interests of the shareholders and HEI by ensuring that all shareholders, including those participating in a meeting by proxy rather than in person, receive adequate notice of the nominations to be considered at a meeting and can thereby exercise their voting rights in an informed manner. In addition, the Advance Notice By-law is intended to provide a reasonable framework for shareholders to nominate directors and should assist in facilitating an orderly and efficient meeting process.
At the next annual general and special meeting of shareholders of HEI to be held on August 29, 2014, the shareholders will be asked to confirm and ratify the Advance Notice By-law. A copy of the Advance Notice By-law has been filed under HEI's SEDAR profile at www.sedar.com.
HEI is an exploration-focused company actively pursuing opportunities in the oil and natural gas business in the Western Canada sedimentary basin.
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.
Huntington Exploration Inc.
President and Chief Executive Officer
Feb. 6, 2016 05:00 AM EST Reads: 311
Feb. 5, 2016 09:00 PM EST Reads: 752
Feb. 5, 2016 07:00 PM EST Reads: 153
Feb. 5, 2016 04:00 PM EST Reads: 113
Feb. 5, 2016 04:00 PM EST
Feb. 5, 2016 03:45 PM EST Reads: 769
Feb. 5, 2016 03:00 PM EST
Feb. 5, 2016 02:45 PM EST Reads: 104
Feb. 5, 2016 02:30 PM EST Reads: 693
Feb. 5, 2016 02:00 PM EST Reads: 117
Feb. 5, 2016 01:30 PM EST Reads: 329
Feb. 5, 2016 01:30 PM EST Reads: 312
Feb. 5, 2016 01:27 PM EST
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Feb. 5, 2016 01:15 PM EST Reads: 320
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Feb. 5, 2016 01:00 PM EST Reads: 493