VANCOUVER, BRITISH COLUMBIA--(Marketwire - Mar 8, 2013) - Duncastle Gold Corp. (TSX VENTURE:DUN)(5D3.F) ("Duncastle") announces that its board of directors has approved an advance notice policy (the "Policy") for the purpose of providing shareholders, directors and management of Duncastle with a clear framework for nominating directors. The Policy is designed to further Duncastle''s commitment to: (i) facilitating an orderly and efficient annual general or, where the need arises, 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 contains a provision requiring advance notice to Duncastle in certain circumstances where shareholders of Duncastle nominate individuals for election to the board of directors. The Policy establishes deadlines by which director nominations must be submitted to Duncastle prior to any annual or special meeting of shareholders and also outlines the information that must be included in the notice to Duncastle for an effective nomination to occur.
The deadline for notice to Duncastle in the case of an annual meeting of shareholders is not less than 30 days nor more than 65 days prior to the date of the annual meeting; provided, however, that in the event that 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 10th day following such public announcement.
In the case of a special meeting (which is not also an annual meeting) of shareholders called for the purpose of electing directors (whether or not called for other purposes), the deadline for notice to Duncastle is 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 special meeting was made.
The Policy is effective as of March 6, 2013. The full text of the Policy is available via SEDAR at www.sedar.com or upon request of Duncastle''s Corporate Secretary at (604) 684-9384.
Duncastle also announces that Derek Page has resigned as a director effective February 28, 2013. Duncastle''s board of directors thanks him for his efforts on behalf of the company and wishes him well in his future endeavors.
About Duncastle Gold
Duncastle Gold Corp. is a Vancouver-based gold exploration company with projects in Ontario and British Columbia, Canada. In addition to the newly acquired gold projects in Ontario and the past-producing Yankee-Dundee Mine in southeast BC, Duncastle has an option to acquire a 100% interest in the highly prospective polymetallic Porphyry Creek project in northwest BC.
As part of the Manex Resource Group, Duncastle benefits from shared expertise in corporate finance, public company administration, investor relations, and technical and geological services provided for seven public companies active in North America. Since its formation in 1997, the Manex Group companies have raised over $350 million in exploration financing.
On behalf of the Board of Directors,
Michael Rowley, President, Director
Duncastle Gold Corp.
- Board & Management Changes