Matamec Announces Annual and Special Meeting Results
July 03 2013 - 10:00AM
Marketwired Canada
Matamec Explorations Inc. ("Matamec" or the "Company") (TSX
VENTURE:MAT)(OTCQX:MHREF) announced today that shareholders have approved all
resolutions put forth at the Annual and Special Meeting of Shareholders held in
Montreal, Quebec, on Thursday, June 27, 2013.
"We are pleased with the results from our annual meeting this year and would
like to thank shareholders for their continued support," said Andre Gauthier,
President and CEO of Matamec Explorations. "Matamec is very fortunate to have a
strong and experienced board of directors to lead the organization."
Shareholders elected each of the Company's nominees for director by the
following votes cast by ballot:
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Director Votes For % For Votes Withheld % Withheld
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Andre Gauthier 9,422,991 85.27% 1,628,010 14.73%
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Aline Leclerc (1) 9,916,891 89.74% 1,134,110 10.26%
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Laval St-Gelais (2) 9,958,891 90.12% 1,092,110 9.88%
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Normand Tamaro (2) (3) 9,996,891 90.46% 1,054,110 9.54%
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Marcel Bergeron (1) 9,987,891 90.38% 1,063,110 9.62%
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Raynald Vezina (1) (2) (3) 9,964,291 90.17% 1,086,710 9.83%
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1. Member of the Governance Committee.
2. Member of the Audit Committee.
3. Member of the Committee of Independent Directors.
Shareholders voted to appoint Petrie Raymond LLP as the Company's auditors and
authorized the Directors to fix the remuneration of the auditor.
Shareholders voted to approve the Advance Notice By-Law. The Advance Notice
By-Law requires advance notice to the Company in circumstances where nominations
of persons for election to the Board are made by shareholders of the Company
other than pursuant to (i) a requisition to call a shareholders meeting made
pursuant to the provisions of the Business Corporations Act (Quebec) (the
"QBCA"), or (ii) a shareholder proposal made pursuant to the provisions of the
QBCA.
Among other things, the Advance Notice By-Law fixes a deadline by which holders
of record of common shares of the Company must submit director nominations to
the Company prior to any annual or special meeting of shareholders and sets
forth the minimum information that a shareholder must include in the notice to
the Company for the notice to be in proper written form.
In the case of an annual meeting of shareholders, notice to the Company must be
made not less than 30 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 of shareholders (which is not also an annual
meeting), notice to the Company must be made 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 was made.
The Advance Notice By-Law provides a clear process for shareholders to follow to
nominate directors and sets out a reasonable time frame for nominee submissions
along with a requirement for accompanying information. The purpose of the
Advance Notice By-Law is to treat all shareholders fairly 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 should assist in facilitating an orderly and efficient
meeting process.
A copy of the Advance Notice By-Law is included in the Management Information
Circular dated May 31, 2013 and can be found on www.sedar.com.
About Matamec
Matamec Explorations Inc. is a junior mining exploration company whose main
focus is in developing the Kipawa HREE deposit with TRECan. Following the
positive conclusion of the PEA study filed on SEDAR in March 2012 (resources
that are not mineral reserves do not have demonstrated economic viability) and
the hiring of a VP Project Development and Construction, Matamec and TRECan
decided to move directly to the feasibility study.
In parallel, the Company is exploring more than 35km of strike length in the
Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum
mineralization on its Zeus property.
The company is also exploring for gold, base metals and platinum group metals.
Its gold portfolio includes the Matheson JV property located along strike and in
close proximity to the Hoyle Pond Mine in the prolific mining camp of Timmins,
Ontario.
In Quebec, the Company is exploring for lithium and tantalum on its Tansim
property and for precious and base metals on its Sakami, Valmont and Vulcain
properties. As well, it is exploring for gold together with Northern Superior
Resources Inc. on the Wachigabau property.
"Neither 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."
FOR FURTHER INFORMATION PLEASE CONTACT:
Andre Gauthier, President
(514) 844-5252
info@matamec.com
Edward Miller, Director IR
(514) 844-5252 ext. 205
edward.miller@matamec.com
http://www.matamec.com
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