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August
14, 2013 Vancouver, Canada -- El Niño
Ventures Inc. ("ELN" and the "Company")
(TSX.V: ELN; Frankfurt: E7Q; OTCQX:
ELNOF) Board of Directors has
approved and adopted an Advance Notice
Policy (the "Policy") for the purpose of
providing a clear framework for
nominating directors of the Company
which will facilitate an orderly and
efficient process for nomination and
election of directors at annual or
special general meetings of
shareholders. The Policy includes a
process 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 a proposal or requisition of
shareholders made in accordance with the
Business Corporations Act (British
Columbia). 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.
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) called for the
purpose of electing directors (whether
or not called for other purposes),
notice to the Company must be made no
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 provides that the Board of
Directors may, in its sole discretion,
waive any requirement of the Policy.
The Policy is in effect as at the date
of this news release. Pursuant to the
terms of the Policy, the Company intends
to seek shareholder ratification of the
Policy at ELN's next Annual General and
Special Meeting (the "Meeting") to be
held on September 18, 2013. If the
Policy is not confirmed at the Meeting,
the Policy will terminate and be of no
further force and effect following the
termination of the Meeting. The full
text of the Policy is available via
SEDAR at www.sedar.com and on the
Company's website (www.elninoventures.com).
About El Niño Ventures Inc.
El Niño Ventures Inc. is an
international exploration company,
focused on exploring for lead, zinc,
copper, gold and silver in New
Brunswick, Canada and copper in the
Democratic Republic of Congo ("DRC").
On Behalf of the Board of Directors
"Harry Barr"
Harry Barr
Chairman & CEO
El Nino Ventures Inc.
Further Information: Tel: +1 604 685
1870 Fax: +1 604 685 8045
Email: info@elninoventures.com or visit www.elninoventures.com
650-555 West 12th Avenue, City Square, West Tower, Vancouver, B.C.,
Canada, V5Z 3X7
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.
Cautionary Note Regarding Forward Looking Statements. Note: This
release contains forward-looking statements that involve risks and
uncertainties. These statements may differ materially from actual
future events or results and are based on current expectations or
beliefs. For this purpose, statements of historical fact may be
deemed to be forward-looking statements. In addition,
forward-looking statements include statements in which the Company
uses words such as "continue", "efforts", "expect", "believe",
"anticipate", "confident", "intend", "strategy", "plan", "will",
"estimate", "project", "goal", "target", "prospects", "optimistic"
or similar expressions. These statements by their nature involve
risks and uncertainties, and actual results may differ materially
depending on a variety of important factors, including, among
others, the Company's ability and continuation of efforts to timely
and completely make available adequate current public information,
additional or different regulatory and legal requirements and
restrictions that may be imposed, and other factors as may be
discussed in the documents filed by the Company on SEDAR (www.sedar.com),
including the most recent reports that identify important risk
factors that could cause actual results to differ from those
contained in the forward-looking statements. The Company does not
undertake any obligation to review or confirm analysts' expectations
or estimates or to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events. Investors should not place undue reliance on forward-looking
statements. |
