Gitennes Completes Continuation into British Columbia and Adopts Advance Notice Policy
Gitennes Completes Continuation into British Columbia and
Adopts Advance Notice Policy
Vancouver, B.C. - March 3, 2017– Gitennes Explora tion Inc. ("Gitennes" or the "Company") -
(TSXV: GIT) announces today that it has complete d its continuance into British Columbia under
the British Columbia Business Corporations Act (the "BCBCA") from the province of Ontario as
of February 24, 2017.
The continuance was approved by a special resolu tion of shareholders at the Company's Annual
General Meeting on August 15, 2016, as reported in a news release issued by the Company on
August 15, 2016.
The head office of the Company is located in British Columbia, and considering the nature of the
Company's management and directors, sharehol der base and operations, the continuance under
the BCBCA will provide the Company with more flexibility as there are no residency
requirements for the directors of a company existing under the BCBCA.
Advance Notice Policy
The Company is also announcing the adoption of an advance notice policy (the "Advance Notice
Policy") regarding director electi ons. The purpose of the Advance Notice Policy is to provide a
clear process for the shareholders, director s and management to follow when nominating
directors of the Company. Such a policy will ensure that shareholders receive adequate notice of
director nominations and sufficient information regarding all director nominees and to allow
shareholders to register an informed vote after having been afforded reasonable time for
appropriate deliberation.
The Advance Notice Policy, among other things, in cludes a provision th at requires advance
notice to the Secretary of the Company in certa in circumstances where nominations of persons
for election to the board of directors are made by shareholders of the Company. The Advance
Notice Policy fixes a deadline by which director nominations must be submitted to the Secretary
of the Company prior to any an nual or special meeting of sh areholders and sets forth the
information that must be included in the notice to the Secretary of the Company. No person will
be eligible for election as a director of the Company unless nominated in accordance with the
Advance Notice Policy.
In the case of an annual meeting of shareholders, notice to the Secretary of the Company must be
made not less than 30 days and not more than 65 days prior to the date of the annual meeting;
provided, however, that, in the even t that the annual meeting is to be held on a date that is less
than 50 days after the date on which the firs t public announcement of the date of the annual
meeting was made, notice may be made not late r than the close of business on the 10th day
following such public announcement.
In the case of a special meeting (which is not al so an annual general meeting) of shareholders
called for the purpose of electing directors (wheth er or not called for other purposes), notice to
the Secretary of the Company must be made not later than the close of business on the 15th day
following the day on which the first public announcem ent of the date of the special meeting of
shareholders was made.
The full text of the provisions of the Advance Notice Policy ca n be found within the Company's
Articles.
About Gitennes Exploration Inc.
Gitennes is in the business of exploring for an d advancing mineral depo sits. Gitennes acquires
properties directly by staking, through option agr eements with prospectors or other exploration
companies, and through reconnaissance progra mmes. The Company currently has two gold
exploration properties, Hixon a nd Snowbird, both in British Columbia and has a 1.0% Net
Smelter Returns royalty on the Urumalqui Silver Project in Peru.
For further information on the Company, reader s are referred to the Company's website at
www.gitennes.com and its Canadian regulatory filings on SEDAR at www.sedar.com.
On behalf of the Board of Directors of
Gitennes Exploration Inc.
"Ken Booth"
Ken Booth
President
For further information, please contact: Ken Booth
Phone: 604-682-7970
Email: [email protected]
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 news release.
Cautionary Note Regarding Forward-Looking Information
This news release includes certain statements that constitu te "forward-looking information" within the meaning of
applicable Canadian securities laws concerning the busine ss, operations and financial performance and condition of
the Company. All statements in this news release that are not purely histor ical are forward-looking statements and
include any statements regarding beliefs, plans, expectations and orientations regarding the future. Often, but not
always, forward-looking statements can be identified by words such as "pro forma", "plans", "expects", "may",
"should", "budget", "schedules", estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations
of such words including negative variations thereof and phrases that refer to certain actions, events or results that
may, could, would, might or will occur or be taken or achieved. Such forward-looking statements include, among
others, statements as to the anticipated business plans and timing of future activities of the Company. Actual results
could differ from those projected in any forward-looking statements due to numerous factors. Although the
Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable,
there can be no assurance that those beliefs, plans, expect ations or intentions will prove to be accurate. Readers
should consider all of the information set forth herein a nd should review the Company’s periodic reports filed from
time-to-time with Canadian securities regulators. Th ese reports and the Company's filings are available at
www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking statemen ts. The forward-looking statements
contained in this news release are made as of the date of this news release and, except as otherwise required by law,
the Company undertakes no obligation to update the forward-looking statements contained herein, or to update the
reasons why actual results could differ from those projected in these forward-looking statements.