Vancouver, September 24, 2013:
Sultan Minerals Inc. (TSX-V: SUL; "Sultan" "the Company") is pleased to announce the results of the Annual General and Special Meeting held on September 23, 2013 in Vancouver, B.C. Each of the resolutions as listed in the Management Information Circular was approved including the adoption of the Advance Notice Policy and the ratification of the Shareholders Rights Plan. In addition, management nominated and the shareholders elected a slate of four directors, comprised of Arthur Troup, Frank Lang, Benjamin Ainsworth and Robin Merrifield.
Advance Notice 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. A full text of the Advance Notice Policy is available on the Company's website as well as at
Shareholders Rights Plan
The Board of Directors of the Company has elected to continue the Shareholder Rights Plan that expired on September 23, 2013. The new Shareholder Rights Plan was approved by the TSX Venture Exchange on August 12, 2013 and was presented to and approved by the shareholders of the Company at the Company's annual general and special meeting held on September 23, 2013.
The Shareholder Rights Plan has been designed to protect shareholders from unfair, abusive or coercive take-over strategies including the acquisition of control of the Company by a bidder in a transaction or series of transactions that may not treat all shareholders fairly nor afford all shareholders an equal opportunity to share in the premium paid upon an acquisition of control. The Shareholder Rights Plan was adopted to provide the Board with sufficient time, in the event of a public take-over bid or tender offer for the common shares, to pursue alternatives which could enhance shareholder value.
This Shareholder Rights Plan is not being adopted in response to any proposal to acquire control of the Company. For more information, please see a copy of the Shareholder Rights Plan which has been filed under the Company's profile at
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information please contact:
Sultan Minerals Inc.
Marc Lee, Investor and Corporate Communications
Tel: (604) 628-0519 Fax: (604) 628-0446
Email: mlee@sultanminerals.com or info@sultanminerals.com
For further information on Sultan's projects, visit www.sultanminerals.com
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.
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