Inca One Shareholders Re-Elect Directors and Approve Advance Notice Policy
October 24, 2013
Vancouver, B.C. October 24, 2013 INCA ONE RESOURCES CORP. (TSX VENTURE: IO) (“the Company” or “Inca One”) is pleased to report that all of the nominees listed in its information circular dated September 19, 2013 were elected as directors of the Company at the Company’s annual general and special meeting of shareholders held in Vancouver, on Tuesday, October 22, 2013 (the “Meeting”). Over 13.5 million shares were voted in favour of the Directors of the Company.
The Company also wishes to announce that at the Meeting an advance notice policy (the “Advance Notice Policy”) regarding director elections was approved. The Policy was adopted originally by the Company’s Board of Directors on September 10, 2013. Subsequent to its approval by shareholders at the Meeting, the Directors approved changes to the Company’s articles to incorporate the provisions of the Advance Notice Policy.
The purpose of the Advance Notice Policy is to provide a clear process for the shareholders, directors 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 allow shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.
The Advance Notice 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. This policy also sets a deadline by which director nominations must be submitted to the Company prior to any annual or special meeting of the shareholders and also sets out the required 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 Advance Notice Policy.
In the case of an annual meeting of the shareholders, notice to the Company must be made not less than 35 days and not more than 65 days prior to the date of the annual meeting. If the annual meeting is being held on a date that is less than 50 days following the date on which the first public announcement of the 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 (which is not also an annual meeting) called for the purpose of electing directors, 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. Notwithstanding the foregoing, the board of directors may, in its sole discretion, waive any requirement of the Advance Notice Policy.
A full description of the Advance Notice Policy is available on SEDAR under the Company’s profile at www.sedar.com.
About Inca One Resources Corp
Inca One is a Canadian-based mineral resource company with a newly acquired gold milling facility & 2 substantial exploration assets in Peru, which was home to the Inca Empire. Peru is currently the largest gold producer in South America, hosting mines, which produced up to 26 million ounces of gold. A highly mineral-rich country, Peru is the largest producer of silver and 2nd largest producer of copper worldwide as of 2009.
On behalf of the Board,
INCA ONE RESOURCES CORP.
President & CEO
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