MONTREAL, QUEBEC--(Marketwired - July 3, 2013) - Matamec Explorations Inc. ("Matamec" or the "Company") (News - Market indicators) (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:
| Director |
Votes For |
% For |
Votes Withheld |
|
% Withheld |
| André Gauthier |
9,422,991 |
85.27% |
1,628,010 |
|
14.73% |
| Aline Leclerc (1) |
9,916,891 |
89.74% |
1,134,110 |
|
10.26% |
| Laval St-Gelais (2) |
9,958,891 |
90.12% |
1,092,110 |
|
9.88% |
| Normand Tamaro (2) (3) |
9,996,891 |
90.46% |
1,054,110 |
|
9.54% |
| Marcel Bergeron (1) |
9,987,891 |
90.38% |
1,063,110 |
|
9.62% |
| Raynald Vézina (1) (2) (3) |
9,964,291 |
90.17% |
1,086,710 |
|
9.83% |
| 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.
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