Gold Canyon Adopts Restated Stock Option Plan
11 März 2014 - 11:01PM
Marketwired
Gold Canyon Adopts Restated Stock Option Plan
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 11, 2014) - Gold
Canyon Resources Inc. (TSX-VENTURE:GCU)(PINKSHEETS:GDCRF) ("Gold
Canyon" or "the Company"), in connection with the upcoming annual
and extraordinary general meeting of shareholders (the "Meeting")
to be held on Tuesday, April 15, 2014, has adopted an amended and
restated 5% rolling incentive stock option plan (the "New Option
Plan") to replace the current 10% rolling incentive stock option
plan that was originally adopted by the Company and ratified by the
Company's shareholders in 2003. At the Meeting, shareholders will
be asked to ratify the New Option Plan by an ordinary resolution as
required by the policies of the TSX Venture Exchange. The adoption
of the New Option Plan, besides lowering the maximum rolling
allocation of common shares reserved, is to ensure consistency with
the rules and policies of the TSX Venture Exchange which were
substantially revised in May 2013.
Shareholders may review a copy of the New Option Plan through
the Internet on SEDAR at www.sedar.com under Gold Canyon's Issuer
Profile, or by attending at the Company's registered and records
office, Suite 1810, 1111 West Georgia Street, Vancouver, British
Columbia, during normal business hours, at any time up to and
including the day prior to the meeting or any adjournment
thereof.
Gold Canyon has elected to use the notice-and-access provisions
for the Meeting pursuant to National Instrument 54-101 ("NI
54-101") ("Notice-and-Access Provisions") with respect to the
mailing to its registered shareholders and its non-objecting
beneficial shareholders. The Notice-and-Access Provisions are a new
set of rules developed by the Canadian Securities Administrators
that reduce the volume of materials that must be physically mailed
to shareholders by allowing the Company to post the Information
Circular and any additional materials (the "Meeting Materials") on
a non-SEDAR website, rather than delivering such materials by mail.
Shareholders entitled to receive notice will receive this Notice of
Meeting and a form of proxy (the "Notice Package") and may choose
to receive a hard copy of the Information Circular. The Meeting
Materials are otherwise available on SEDAR at www.sedar.com and on
the Company's website at http://www.goldcanyon.ca/s/AGM.asp.
Any shareholder who wishes to receive a paper copy of the
Meeting Materials should contact the Company at 604-682-3234 or
toll free at 1-888-242-3234 within North America. Requests for
paper copies of the Meeting Materials must be received at least
five (5) business days in advance of the proxy deposit date and
time set out below, being 2:00 p.m. (Vancouver time) on, Friday,
April 4, 2014, in order to receive the Meeting Materials in advance
of the proxy deposit date and Meeting.
About Gold Canyon Resources Inc.:
Gold Canyon is engaged in the acquisition and exploration of
mineral and precious metals properties. The Company controls a 100%
interest in the Springpole Gold - Horseshoe Island Gold, Platinum,
Palladium Project and a minority interest in the Favourable Lake
Poly-metallic property currently under option to Guyana Frontier
Mining Corp. pursuant to an option and joint venture agreement
entered into in December 2005 - all in the Red Lake Mining District
of Ontario, Canada.
Gold Canyon entered into a Rare Earth Element (REE) Joint
Exploration Agreement with the Japan Oil, Gas and Metals National
Corporation (JOGMEC) in January 2009.
Additional information can be found on the Company's website:
www.goldcanyon.ca
Akiko Levinson, President & Director
Certain statements contained in this news release using the
terms "may", "expects to", "project", "estimate", "plans", and
other terms denoting future possibilities, are forward-looking
statements in respect to various issues including upcoming events
based upon current expectations which involve risks and
uncertainties that could cause actual outcomes and results to
differ materially. The future conduct of the Company's business and
the feasibility of its mineral exploration properties are dependent
upon a number of factors and there can be no assurance that the
Company will be able to conduct its operations as contemplated and
the accuracy of these statements cannot be guaranteed as they are
subject to a variety of risks that are beyond our ability to
predict or control and which may cause actual results to differ
materially from the projections or estimates contained herein. The
risks include, but are not limited to, the risks described in the
above press release; those risks set out in the company's
disclosure documents and its annual, quarterly and current reports;
the fact that exploration activities seldom result in the discovery
of a commercially viable mineral resource and are also significant
amounts of capital to undertake and the other risks associated with
start-up mineral exploration operations with insufficient
liquidity, and no historical profitability. The Company disclaims
any obligation to revise any forward looking statements as a result
of information received after the fact or regarding future
events.
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.
Gold Canyon Resources Inc.(604) 682-3234 or Toll Free: 1 (888)
242-3234(604) 682-0537info@goldcanyon.cawww.goldcanyon.ca
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