Ultra Lithium Adopts Advance Notice Policy for Future Shareholder Meetings
ULTRA LITHIUM INC.
Suite 507 - 700 West Pender Street Vancouver, British Columbia V6C 1G8
Ultra Lithium Adopts Advance Notice Policy for Future Shareholder Meetings
April 17, 2013 TSX-V: ULI
Vancouver, B.C., April 17, 2013 – Ultra Lithium (TSX-V: ULI; FSE: QFB) (“the Company” or “Ultra Lithium”) announces the approval and adoption by its Board of Directors of an advance notice policy effective immediately (the "Policy"). The Policy includes a requirement for advance notice to the Company for nominations of persons for election to the Board of Directors, other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (British Columbia) (the "Act"); or (ii) a shareholder proposal made pursuant to the provisions of the Act.
The Policy fixes a deadline for director nominations by shareholders prior to any annual or special meeting, sets forth the information that must be included in the notice to the Company and establishes the form in which the shareholder must submit the notice. Unless nominated in accordance with the Policy, no person will be eligible for election as a director of the Company at the meeting.
In the case of an annual general meeting, notice to the Company must be made not less than 30 days and not more than 65 days prior to the date of the meeting. If the annual meeting 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 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 full text of the Policy is available on Sedar at www.sedar.com.
On behalf of the Board of Directors,
ULTRA LITHIUM INC.
“Marc Morin”
Marc Morin CEO
For more information contact the Company at:
Telephone: (604) 669-5778 Facsimile: (604) 669-9768
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.