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IC Potash Corp. (TSX:ICP,OTCQX:ICPTF) announced that its Board of Directors will adopt amendments to its By-Laws to add a provision that requires advance notice to the Company in circumstances where director nominations are made by shareholders of the Company, other than in connection with (i) the requisition of a shareholders’ meeting, or (ii) a shareholder proposal, in each case made pursuant to the Canada Business Corporations Act.
As quoted in the press release:
The Advance Notice Provision fixes a deadline by which shareholders of record of the Company’s common shares must submit director nominations to ICP prior to an annual or special meeting of shareholders, and defines the information that a shareholder must include in the notice.
… The By-Law amendment is effective immediately and will be placed before shareholders for ratification and confirmation at the next annual and special meeting of shareholders of the Corporation to be held on June 28, 2013 in Toronto, Ontario, Canada. A copy of the By-Law amendment can be viewed by going to the Company’s profile at www.sedar.com.
Click here to read the IC Potash Corp. (TSX:ICP,OTCQX:ICPTF) press release
Click here to see the IC Potash Corp. (TSX:ICP,OTCQX:ICPTF) profile.