VANCOUVER, British Columbia, Oct. 2, 2012 /PRNewswire/ -- Lori McClenahan, President of St. Elias Mines Ltd. (SLI – TSX:V) (Frankfurt Exchange: EKL) (U.S. Clearing Symbol: SELSF) ("St. Elias" or the "Company") announces that the Company will hold its 2012 Annual and Special General Meeting (the "Meeting") in Vancouver, BC, as follows:
| Meeting Date: | Tuesday, November 27, 2012 |
| Meeting Time: | 11:00 a.m. (Vancouver time) |
| Record Date: | Friday, October 26, 2012 |
The Company also announces the approval by its Board of Directors on September 27, 2012 of an advance notice policy (the "Policy") regarding meetings of shareholders. The Policy, among other things, includes a provision that requires advance notice to the Company in certain circumstances where shareholders of the Company nominate persons for election to the Board.
The Policy establishes deadlines 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. The Policy also sets forth certain information that a shareholder must include in the notice to the Company for the notice to be accepted.
The deadline for notice to the Company in the case of an annual meeting of shareholders is not less than 30 nor more than 65 days prior to the date of the annual meeting; provided, however, that in the event that 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.
The deadline for notice to the Company in the case of a special meeting of shareholders (which is not also an annual meeting), is 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 Policy is effective as of the date it was approved.
The full text of the Policy is available via SEDAR at www.sedar.com or upon request by contacting the Corporate Secretary of the Company at (604) 669-4677 or by e-mail at info@steliasmines.com.
For additional information on St. Elias and its projects, please visit us at www.steliasmines.com or call 1-888-895-5522 (toll free US and Canada) or contact:
U.S. Investor Relations Consultant
Herbert Haft
The Haft Group, Inc.
Tel: (212) 759-8865
Email: herbhaft@haftgroupinc.com
herbhaft@aol.com
ST. ELIAS MINES LTD.
(signed "Lori McClenahan")
Lori McClenahan, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statement.
SOURCE St. Elias Mines Ltd.