Toronto Stock Exchange (TSX): CVV
VANCOUVER, March 20, 2013 /CNW/ - CanAlaska Uranium Ltd. (TSX - CVV)
("CanAlaska" or the "Company") has adopted an Advance Notice Policy (the
"Policy") for the purpose of providing shareholders, directors and management
of the Company with a clear framework for nominating directors of the Company
at a shareholders' meeting. The Policy is designed to further CanAlaska's
commitment to: (i) facilitating 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 regarding all director nominees; and (iii) allowing
shareholders to register an informed vote after having been afforded
reasonable time for appropriate deliberation.
The Policy contains a provision requiring advance notice to the Company in
certain circumstances where nominations of persons for election to the Board
of Directors are made by shareholders of the Company. The Policy establishes a
deadline by which director nominations must be submitted to the Company prior
to any annual or special meeting of shareholders and sets forth the
information that must be included in the notice to the Company. No person will
be eligible for election as a director of the Company unless nominated in
accordance with the Policy.
In the case of an annual meeting of shareholders, notice to the Company must
be made not less than 30 days and not 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 10(th)
day following such public announcement.
In the case of a special meeting of shareholders 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 15(th) 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 under the Company's profile at
www.sedar.com and on the Company's website (www.canalaska.com) or upon request
by contacting the Company's Corporate Secretary, Dianne Szigety at (604)
The Policy is in effect as at the date of this news release. Pursuant to the
terms of the Policy, the Company will seek shareholder ratification of the
Policy at its next annual general meeting of shareholders (the "Meeting"). If
the Policy is not confirmed at the Meeting, the Policy will terminate and be
of no further force and effect following the termination of the Meeting.
About CanAlaska Uranium
CANALASKA URANIUM LTD. (CVV - TSX, CVVUF -- OTCBB, DH7F -- Frankfurt) since
2004 has undertaken uranium exploration on multiple uranium projects in
Canada's Athabasca Basin -- the "Saudi Arabia of Uranium". The Company has
major international joint venture partners and is concentrating its activities
on these most advanced projects.
For more information, visit www.canalaska.com
On behalf of the Board of Directors
Peter Dasler, M.Sc., P.Geo., President & CEO,
CanAlaska Uranium Ltd.
The TSX has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release: CUSIP# 13708P 10 2. This news release contains
certain "Forward-Looking Statements" within the meaning of Section 21E of the
United States Securities Exchange Act of 1934, as amended. All statements,
other than statements of historical fact, included herein are forward-looking
statements that involve various risks and uncertainties. See www.canalaska.com
for full information on our Forward-Looking Statements There can be no
assurance that such statements will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the Company's
documents filed from time to time with the British Columbia Securities
Commission and the United States Securities & Exchange Commission.
Contact: Peter Dasler, President and CEO. Tel: +1.604.688.3211
SOURCE: CanAlaska Uranium Ltd.
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CO: CanAlaska Uranium Ltd.
ST: British Columbia
-0- Mar/20/2013 23:36 GMT
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