FORT ST. JOHN, BRITISH COLUMBIA--(Marketwired - Apr 9, 2013) - Macro Enterprises Inc. (the "Company" or "Macro") (TSX VENTURE:MCR) is pleased to announce that the Company will hold its Annual General Meeting (the "Meeting") of shareholders on May 22, 2013. All shareholders of record as of April 10, 2013 are entitled to vote at the Meeting in person or by proxy.
The Company further announces the adoption of an advance notice policy (the "Policy") by its Board of directors. The purpose of the Policy is to provide shareholders, directors and management of the Company with a clear framework for nominating directors.
Among other things, the Policy includes a provision that requires advance notice to be given to the Company in circumstances where nominations of persons for election to the Board are made by shareholders of the Company other than by way of a requisition of meeting made pursuant to, or a shareholder proposal made pursuant to, the provisions of the British Columbia Business Corporations Act. The Policy fixes a deadline by which director nominations 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 in order for a nominee to be eligible for election. The full text of the Policy is available on SEDAR at www.SEDAR.com.
For the Meeting being held on May 22, 2013, the deadline for notice of director nominations is April 22, 2013. Further details regarding the Meeting will be contained in a Management Information Circular that will be mailed to shareholders of the Company and will be filed on SEDAR.
The Policy is effective as of February 26, 2013. In order for the Policy to remain in effect following conclusion of the Meeting, it must be ratified by an ordinary resolution of the shareholders at the Meeting.
Macro's core business is providing pipeline and facilities construction and maintenance services to major companies in the oil and gas industry in northeastern B.C. and northwestern Alberta. The Company's corporate office is in Calgary, Alberta. Its shares are listed on the TSX Venture Exchange under the symbol MCR. Information on the Company's principal operating unit, Macro Industries Inc., can be found at www.macroindustries.ca.