November 27, 2013, Vancouver, B.C. – Mirasol Resources Ltd (TSX-V: MRZ, Frankfurt: M8R) (“Mirasol” or the “Company”) announced today the implementation by its board of directors (the “Board of Directors“) of an advance notice policy (the “Policy“) effective on November 22, 2013, which Policy, among other things includes a provision that requires advance notice to the Company in circumstances where nominations of a person or persons for election to the Board of Directors are made by shareholders of the Company other than pursuant to: (i) a requisition for a meeting made pursuant to the provisions of the Business Corporations Act (British Columbia) (the “Act“); or (ii) a shareholder proposal made pursuant to the provisions of the Act.
Among other things, the Policy 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 general meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for the notice to be in proper written form. The Policy provides that the Board may, in its sole discretion, waive any requirement of the Policy.
In the case of an annual general 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 general meeting; provided, however, that in the event that the annual general 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 general 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 general meeting of shareholders (which is not also an annual general 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 general meeting was made.
The Policy is effective as of November 22, 2013. In the event that any nominations not contemplated by the management information circular are made at the annual and special general meeting of shareholders (the “Meeting“) to be held on December 2, 2013, the Board of Directors will exercise its discretion in accordance with the Policy.
The full text of the Policy is available via SEDAR at www.sedar.com.
Further details on the Meeting are contained in a Management Information Circular that has been mailed to shareholders of the Company and is available on SEDAR.
About Mirasol Resources Ltd.
Mirasol is a well-funded exploration and development company focused on the discovery, exploration and acquisition of high-potential precious metals deposits in the Americas, utilizing leading edge technology for strategic advantage. In December, 2012, Mirasol sold its interest in the Joaquin Silver project to Coeur Mining Inc., for a value of US$ 60 million in cash and shares. Mirasol holds 100% of the rights to the Rubi copper-gold porphyry target, strategically located in the historic El Salvador copper mining district, Chile, and has identified, trenched and drilled 100%-held, high-sulphidation gold exploration targets in a new district of northern Chile, including the Titan and Atlas properties. Mirasol operates through subsidiary companies in Chile and Argentina is engaged in generative exploration in high-potential regions in the Americas. For further information, visit Mirasol’s web page at www.mirasolresources.com.
For further information, contact:
Mary L. Little
President and CEO
Tel:(604) 602-9989; Fax:(604) 609-9946
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