MINDCURE Adopts Advance Notice Policy
Mind Cure Health Inc. (CNSX: MCUR) (OTCMKTS: MCURF), a leader in advanced proprietary technology and research for psychedelics, is pleased to announce that the Company’s board of directors (the “Board”) has adopted a policy that requires advance notice to the Company with respect to nominations of directors to the Company’s Board (“Advance Notice Policy”)
The Advance Notice Policy is intended to: (i) facilitate 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 with respect to all nominees; and (iii) allowing shareholders to register an informed vote.
The Advance Notice Policy provides the framework by which the Company seeks to fix a deadline by which holders of record of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Company for the notice to be in proper written form.
To be timely, notice to the Corporate Secretary of the Company must be made:
|(a)||in the case of an annual meeting of shareholders, not less than 30 nor 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 called for a date that is less than 40 days after the date (the “Notice Date”) on which the first public announcement of the date of the annual meeting was made, notice by the Nominating Shareholder may be made not later than the tenth (10th) day following the Notice Date;|
|(b)||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 other purposes), not later than the fifteenth (15th) day following the day on which the first public announcement of the date of the special meeting of shareholders was made; and|
|(c)||Notwithstanding the foregoing, the Board may, in its sole discretion, waive any of these requirements.|
The Advance Notice Policy is currently in effect and the Company intends to seek shareholder approval to amend the Company’s articles to incorporate the provisions of the Advance Notice Policy at the Company’s next annual general and special meeting of shareholders to be held on September 7, 2021. A copy of the Advance Notice Policy is available on the Company website at www.mindcure.com
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