GT Gold Adopts Advance Notice Policy
December 01 2020 - 5:00PM
GT Gold Corp. ("
GT Gold" or the
"
Company") (TSX-V: GTT ; OTCQX: GTGDF) is pleased
to announce that the Company’s board of directors (the
“
Board”) has adopted an advance notice policy
(“
Advance Notice Policy”) regarding director
elections, which establishes a framework for advance notice of
nominations of directors by shareholders of the Company.
The adoption of the Advance Notice Policy is intended to:
- Facilitate an
orderly and efficient annual general or special meeting
process;
- Ensure that all
shareholders receive adequate notice of the director nominations
and sufficient information regarding all director nominees;
and
- Allow
shareholders to register an informed vote after having been
afforded reasonable time for appropriate deliberation.
The Advance Notice Policy, among other things,
fixes a deadline by which holders of record of common shares of GT
Gold must submit director nominations to the Company prior to any
annual or special meeting of shareholders and sets out the required
information that must be included in the notice to the Company. No
person will be eligible for election as a director of the Company
unless nominated in accordance with the Advance Notice Policy:
-
In the case of an annual
meeting of shareholders (including an annual and special
meeting), not later than the close of business on the 30th day
prior to the meeting; provided, however, if the date on which the
first public announcement made by the Company of the date of the
annual meeting is less than 50 days prior to the meeting date, not
later than the close of business on the 10th day following the
notice date;
- In the
case of a special meeting which is not also an annual
meeting of shareholders called for any purpose which includes the
election of directors to the Board, not 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 is made by
the corporation; and
- Notwithstanding
the foregoing, the Board may, in its sole discretion, waive any
requirement of the Advance Notice Policy.
The Advance Notice Policy is now in effect and
the Company intends to seek shareholder approval to amend the
Company’s articles to incorporate the provisions of the Advance
Notice Policy at the Company’s next annual general meeting of
shareholders (“AGM”). A summary of the Advance
Notice Policy will be contained in the information circular to be
prepared for the 2021 AGM and mailed to the Company’s shareholders.
A copy of the Advance Notice Policy is available on the Company
website at www.gtgoldcorp.ca.
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.
About GT Gold
GT Gold is focused on exploring for base and
precious metals in the geologically prolific terrain of British
Columbia’s renowned Golden Triangle. The Company’s flagship asset
is the wholly-owned, 47,500 hectare Tatogga property, located near
Iskut, British Columbia, upon which it made two significant
discoveries in 2017 and 2018 at its Saddle prospect: a precious
metal rich vein system at Saddle South and a gold-rich copper
porphyry system at Saddle North. The Company has published a
Mineral Resource estimate for Saddle North and is currently working
to complete a Preliminary Economic Assessment, targeting release in
the first quarter of 2021.
For further information, please contact:
GT Gold Corp.Paul HarbidgePresident and Chief
Executive OfficerTel: (236) 427 5744Website:
www.gtgoldcorp.ca |
GT Gold Corp.Shawn CampbellChief Financial
OfficerTel: (236) 427 5744info@gtgoldcorp.ca |
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