Vancouver, British Columbia, April 28, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces it will hold its annual general meeting of shareholders at 10:00 am PDT on June 4, 2015 at Suite 1740 – 1177 West Hastings Street, in Vancouver, BC. April 30, 2015 has been fixed as the record date for determining shareholders entitled to vote at the meeting.
Rye Patch also announces the approval by its Board of Directors of an advance notice policy. This requires advance notice to the Company where nominations of persons for election to the Board of Directors are made by shareholders other than pursuant to the requisition of a meeting or a shareholder proposal. The purpose of the policy is to provide shareholders, directors and management of Rye Patch with a clear framework for nominating directors of the Company. This will ensure that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees, facilitate an orderly and efficient shareholders’ meeting and allow shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.
The advance notice policy fixes a deadline by which holders of record of common shares of the Company must submit director nominations in writing to the Company prior to any annual or special meeting of shareholders at which directors are proposed for election, and sets forth the information that a shareholder must include in the notice to the Company. No person will be eligible for election as a director of Rye Patch unless nominated in accordance with the advance notice policy.
Notice to the Company must be provided not less than 30 days and not more than 65 days prior to the date of an annual general meeting provided, however, that in the event 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 meeting was made, notice may be provided 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 date on which the first public announcement of the date of the special meeting was made.
For the upcoming annual meeting of shareholders, any notice delivered to the Company prior to the close of business on May 8, 2015 shall be deemed to have been timely delivered.
The advance notice policy is effective immediately and will be placed before shareholders for approval at the annual meeting on June 4, 2015. The full text of the policy is available under the Company’s profile at www.sedar.com and on the Company’s website.
The advance notice policy will remain in effect unless amended or rejected by shareholders at the meeting.
About Rye Patch Gold Corp.
Rye Patch Gold Corp. is a Tier 1, well-funded junior mining company led by a seasoned management team that has participated in major discoveries totalling over 100-million ounces of gold. The team is engaged in the acquisition, exploration and development of quality resource-based gold and silver projects along the emerging Oreana trend and the prolific Cortez trend. Benefitting from its strong financial position, the Company’s strategy is to balance development and exploration risk, creating value by:
- Advancing the Lincoln Hill project toward production;
- Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
- Seeking new project opportunities and accretive transactions.
The Company’s cash and cash flowing royalty allow for progress without dilution to shareholders. For more information about the Company, please visit our website at www.ryepatchgold.com.
William C. (Bill) Howald, CEO & President
Rye Patch Gold Corp
Tel.: (604) 638-1588
Fax: (604) 638-1589
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