Western Potash Corp. Announces Meeting and Record Date and Adopts Advance Notice Policy
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Western Potash Corp. (WPX: TSX) (FSE: AHE) ('the Company?)
announced today that it will hold an annual and special meeting of
shareholders (the 'AGM') on February 26, 2013. The record
date for shareholders entitled to vote at the AGM has been set as
shareholders of record as at the close of business on January 22, 2013.
The Company also announced today the approval by its board of directors
of an Advance Notice Policy (the 'Policy'), which Policy,
among other things, includes a provision that requires advance notice to
the Company in circumstances where nominations of persons for election
to the board of directors are made by shareholders of the Company other
than pursuant to: (i) a 'proposal' made in accordance with Division 7 of
the Business Corporations Act (British Columbia) (the 'Act'); or
(ii) a requisition of the shareholders made in accordance with section
167 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 Secretary of the Company prior to any annual or special meeting
of shareholders and sets forth the specific information that a
shareholder must include in the written notice to the Secretary of the
Company for an effective nomination to occur. No person will be eligible
for election as a director of the Company unless nominated in accordance
with the provisions of the Policy.
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 by the Company, 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 Policy is effective and in full force and effect as of the date it
was approved. In accordance with the terms of the Policy, the Policy
will be put to shareholders of the Company for approval at the AGM, and
if the Policy is not confirmed at the meeting by ordinary resolution of
shareholders, the Policy will terminate and be of no further force and
effect following the termination of the AGM.
The date of the AGM is less than 60 days from the date hereof and,
accordingly, any director nominations for the AGM must be received by
the Company in compliance with the Policy no later than the close of
business on February 7, 2013.
Patricio Varas (CEO and President) commented, 'The purpose of the
Advance Notice Policy is to provide shareholders, directors and
management of the Company with a clear framework for nominating
directors. This Policy will facilitate an orderly and efficient meeting,
process, ensure that all shareholders receive adequate notice of the
director nominations and sufficient information with respect to all
nominees; and will allow shareholders to register an informed vote
having been afforded reasonable time for appropriate deliberation.?
The full text of the Policy will be available via SEDAR at www.sedar.com
or upon request by contacting the Company at (604) 689-9378 or by email
at jcostigan@westernpotash.com.
About Western Potash Corp.
Western Potash Corp. is a development stage potash company focused on
building Canada's most efficient potash solution mine, with commercial
production expected to commence in 2016. The Company intends to develop
a world-class potash deposit in an ecologically sustainable,
economically efficient and socially responsible manner. A positive
Feasibility Study for the Project was completed in December 2012,
demonstrating robust project metrics. In addition, the Company
anticipates Environmental Assessment approval in the first quarter of
2013.
For more information on Western Potash Corp.′s projects, please visit
the Company′s website at: www.westernpotash.com
ON BEHALF OF THE BOARD OF DIRECTORS
'J. Patricio Varas?
J. Patricio Varas
President and CEO
Forward-Looking Statement
This news release includes certain statements and information that
may contain forward-looking information within the meaning of applicable
Canadian securities laws. All statements in this news release, other
than statements of historical facts, are forward-looking statements.
Such forward-looking statements and forward-looking information
specifically include, but are not limited to, statements concerning:
meeting dates, Company plans at the Project; Company ability to finance
the Milestone Project and the timing of granting of key permits.Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as 'intends? or 'anticipates?, or
variations of such words and phrases or statements that certain actions,
events or results 'may?, 'could?, 'should?, 'would? or 'occur?.Forward-looking
statements are based on the opinions and estimates of management as of
the date such statements are made and they are subject to known and
unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of Western
Potash to be materially different from those expressed or implied by
such forward-looking statements or forward-looking information,
including: the receipt of all necessary approvals; the ability to
conclude a transaction; uncertainty of future production, capital
expenditures and other costs; financing and additional capital
requirements; the receipt in a timely fashion of any further permitting
for the Milestone Project; legislative, political, social or economic
developments in the jurisdictions in which Western Potash carries on
business; operating or technical difficulties in connection with mining
or development activities; and the risks normally involved in the
exploration, development and mining business.Although management
of Western Potash has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking statements or forward-looking information, there may be
other factors that cause results not to be as anticipated, estimated or
intended.There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements.Accordingly,
readers should not place undue reliance on forward-looking statements
and forward looking information.Western Potash does not
undertake to update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except in
accordance with applicable securities laws.
Western Potash Corp.
John Costigan, 604-689-9378
VP
Corporate Development