This is on a News Release tonight ....... Richard
Veris Gold Corp. Announces Adoption of Advance Notice Policy
Vancouver, BC – January 28, 2012 – Veris Gold Corp. (TSX: VG) (OTCQB: YNGFF)
(Frankfurt Xetra Exchange: NG6A) (“Veris” or the “Company”) announced today the approval
by its board of directors of an advance notice policy (the “Policy”) on January 28, 2013, which
Policy, among other things, includes a provision that requires advance notice to the Company in
circumstances where nominations of persons for election to the board of directors are made by
shareholders of the Company other than pursuant to: (i) a “proposal” made in accordance with
Division 7 of the Business Corporations Act (British Columbia) (the “Act”); or (ii) a requisition of
the shareholders made in accordance with section 167 of the Act.
Among other things, the Policy fixes a deadline by which holders of record of common shares of
Veris must submit director nominations to the Secretary of the Company prior to any annual or
special meeting of shareholders and sets forth the specific information that a shareholder must
include in the written notice to the Secretary of the Company for an effective nomination to
occur. No person will be eligible for election as a director of the Company unless nominated in
accordance with the provisions of the Policy.
In the case of an annual meeting of shareholders, notice to the Company must be made 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 65 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
In the case of a special meeting of shareholders (which is not also an annual meeting), 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 Policy is effective and in full force and effect as of the date it was approved. In accordance
with the terms of the Policy, the Policy will be put to shareholders of the Company for approval
at the next Annual General Meeting (“AGM”), and if the policy is not confirmed at the meeting by
ordinary resolution of shareholders, the Policy will terminate and be of no further force and
effect following the termination of the AGM.
The full text of the Policy is available via SEDAR at www.sedar.com
Veris Gold Corp. is a growing mid-tier North American gold producer in the business of
developing and operating gold mines in geo-politically stable jurisdictions. The Company’s
primary asset is the permitted and operating Jerritt Canyon gold mine located 50 miles north of
Elko, Nevada, USA. The Company also holds a diverse portfolio of precious metals properties in
British Columbia and the Yukon Territory, Canada, including the former producing Ketza River
mine. The Company's focus has been on the re-development of the Jerritt Canyon mining and
For more information please contact:
Veris Gold Corp.