TELSON RESOURCES INC. ADOPTS ADVANCE NOTICE POLICY FOR NOMINATION OF DIRECTORS Vancouver, British Columbia: Telson Resources Inc. (TSX.V: TSN) (“Telson” or the “Company“) announces that the board of directors of the Company (the “Board“) has approved the adoption of an advance notice policy (the “Policy“) to provide shareholders, directors and management of Telson with a clear framework for nominating directors. The Policy is meant to: (i) facilitate an orderly and efficient annual and/or special meeting process; (ii) ensure all shareholders receive adequate notice of director nominations and sufficient information with respect to all nominees; and (iii) allow shareholders to register an informed vote, having been afforded reasonable time for appropriate deliberation.
The Policy contains a provision that requires advance notice to Telson in circumstances where nominations of persons for election to the Board are made by shareholders of Telson. The Policy fixes deadlines by which shareholders of record of Telson must submit director nominations to Telson prior to any annual or special meeting of shareholders, and sets forth the information a shareholder must include in the notice to Telson for an effective nomination to occur. No person will be eligible for election as a director of Telson unless nominated in accordance with the provisions of the Policy.
In the case of an annual meeting of shareholders, the deadline for notice to Telson pursuant to the Policy is not less than 30 days, or more than 65 days, prior to the date of the annual meeting of shareholders; provided, however, that in the event that the annual meeting of shareholders 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 made not later than the close of business on the 10th day following such public announcement.
In the case of a special meeting (which is not also an annual meeting) of shareholders called for the purpose of electing directors (whether or not called for any other purposes), the deadline for notice to Telson pursuant to the Policy is 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 meeting was made.
At the next annual general and special meeting of shareholders, scheduled for December 19, 2013, the Company will ask shareholders to ratify and confirm the adoption of the Policy. The Board has adopted the Policy and it will be effective and in full force and effect as of October 23, 2013.
Suite 250, 1090 West Georgia St., Vancouver, BC, V6E 3V7, Canada
Tel: 1.800.685.0576 , Email: [email protected], http://www.telsonresources.com
– 2 –
The full text of the Policy is available upon request by contacting the Company at 1-800-685-0576 or [email protected].
For further information on Telson please visit our website at www.telsonresources.com. On behalf of the Board of Directors
Ralph Shearing
Chief Executive Officer
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.
WARNING: The Company relies upon litigation protection for “forward-looking” statements. This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Telson Resources Inc. relies upon litigation protection for forward-looking statements.
