VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan 16, 2013) - Fortunate Sun Mining Company Ltd. (TSX VENTURE:FSM) announces that it will hold a Special General Meeting on February 8, 2013. Resolutions to be considered are as follows:
- To grant the Board of Directors discretionary authority to amend the Notice of Articles of the Company to change the Company''s name from "Fortunate Sun Mining Company Ltd." to such name as may be deemed appropriate by the Board of Directors;
- To grant the Board of Directors discretionary authority to complete a share consolidation of the Company''s common shares on the basis of up to five (5) pre-consolidation shares for every one (1) post-consolidation share (5:1) to occur at some time prior to the next annual general meeting, with the exact consolidation ratio and time of the consolidation to be determined by the Board of Directors;
- To approve and adopt an Advance Notice Policy.
The Board of Directors feels that, given the current venture market conditions, it is imperative to re-structure the company in order to attract new projects along with proven management and funding. The Board also feels that this will give all shareholders the opportunity to participate in the future of the company and ask for the support of the shareholders in voting in favour of these resolutions.
On behalf of the Board of Directors,
Scott Young, Managing Director
This news release may contain forward-looking statements including but not limited to, information regarding geological interpretations, resources, potential timing and content of exploration programs, production schedules and projections, receipt of permits, company financings etc. Forward-looking statements refer to events and conditions which have not yet taken place and therefore involve inherent risks and uncertainties. Actual results may differ materially from those anticipated in these statements. Fortunate Sun relies on litigation protection for forward-looking statements.
- Board & Management Changes