Pacificore Mails Proxy Materials and Announces Adoption of Advance Notice Policy
FOR IMMEDIATE RELEASE
Vancouver, BC – September 16, 2013
PACIFICORE MAILS PROXY MATERIALS AND ANNOUNCES ADOPTION OF ADVANCE NOTICE POLICY
VANCOUVER, B.C -- PacificOre Mining Corp. (“PC”:TSX.V / “APAFF”:OTCQX) (the "Company") announces that its management proxy materials to hold the Company’s Annual General Meeting is being mailed today to shareholders. Adriaan Bakker, the Company’s CEO states “I am pleased to report that Shareholders will now be given their right to vote at their AGM. It has been a priority for us to hold the Company’s AGM promptly to give Shareholders a voice in this Company. Further, this is an opportunity for our team to ask Shareholders for a mandate to lead the Company and build upon what we believe is a world class asset.”
The Company also wishes to announce the approval and adoption by its Board of Directors of an advance notice policy (the "Policy"). The purpose of the Policy is to provide shareholders, directors and management of the Company with a clear framework for nominating directors of the Company. The Company is committed to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation. The Policy is intended to further these objectives.
The Policy, among other things, includes a provision that requires advance notice to the Company in certain circumstances where nominations of persons for election to the Board of Directors are made by shareholders of the Company. The Policy fixes a deadline by which director nominations must be submitted to the Company prior to any annual or special meeting of shareholders and sets forth the information that must be included in the notice to the Company. No person will be eligible for election as a director of the Company unless nominated in accordance with the Policy.
In the case of an annual meeting of shareholders, notice to 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 event that the annual meeting is to be held on a date that is less than 50
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days after the date on which the first public announcement of the date of the annual 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 meeting of shareholders called for the purpose of electing directors (whether or not called for other purposes), 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 as of September 5, 2013. Pursuant to the terms of the Policy, the Company will seek shareholder ratification of the Policy at its next annual general meeting of shareholders (the "Meeting"), scheduled to be held on October 1, 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 under the Company's profile at www.sedar.com.
About PacificOre Mining Corp.
PacificOre is a mining Company with a growth strategy focused on development of its most advanced project, the 100% owned Lac Dore Project in Quebec, Canada. The Lac Dore Project is a high grade Vanadium project with near surface mineralization and nearby infrastructure supporting the economic viability of the project. Vanadium has been dubbed “the electric metal” for its bright future in energy storage and green technology but its main use today is in highquality steel. This unique project located in one of the best mining jurisdictions holds the key for a stable Canadian supply of Vanadium for years to come.
ON BEHALF OF THE BOARD OR DIRECTORS
“Adriaan Bakker”
Adriaan Bakker
Neither 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
The information in this news release includes certain "forward-looking statements" All statements, other than statements of historical fact, included herein including, without limitation, plans for and intentions with respect to the company's properties, statements regarding intentions with respect to obligations due for various projects, strategic alternatives, quantity of resources or reserves, timing of permitting, construction and production and other milestones, are forward looking statements. Statements concerning Mineral Reserves and Mineral Resources are also forward-looking statements in that they reflect an assessment, based on certain assumptions, of the mineralization that would be encountered and mining results if the project were developed and mined in the manner described. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from PC's expectations include the uncertainties involving the need for additional financing to explore and develop properties and availability of financing in the debt and capital
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markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for cooperation of government agencies and local groups in the exploration, and development of properties; and the need to obtain permits and governmental approval. PC's forward looking statements reflect the beliefs, opinions and projections of management on the date the statements are made. PC assumes no obligation to update the forward looking statements if management's beliefs, opinions, projections, or other factors should they change.