Alpha Minerals Inc.
TSX VENTURE : AMW

Alpha Minerals Inc.

April 12, 2013 16:33 ET

Alpha Minerals Inc. Provides Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 12, 2013) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Alpha Minerals Inc. (TSX VENTURE:AMW) (the "Company") provides the following corporate updates:

Advance Policy Notice

The Company announces the approval by its board of directors (the "Board of Directors") of an advance notice policy (the "Policy") on April 1, 2013, which Policy, among other things includes a provision that requires advance notice to the Company in circumstances where nominations of a person or persons for election to the Board of Directors are made by shareholders of the Company other than pursuant to: (i) a requisition for a meeting made pursuant to the provisions of the Business Corporations Act (Alberta) (the "Act"); or (ii) a shareholder proposal made pursuant to the provisions of the Act.

Among other things, the Policy fixes 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 general 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. The Policy provides that the Board of Directors may, in its sole discretion, waive any requirement of the Policy.

In the case of an annual general 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 general meeting; provided, however, that in the event that the annual general 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 general 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 general meeting of shareholders (which is not also an annual general 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 general meeting was made.

The Policy is effective as of the date it was approved by the Board of Directors, and the Company shall seek ratification of the Policy by an ordinary resolution of the shareholders at the next annual and/or special general meeting of shareholders to be held in 2013 (the "Meeting"). In the event that the Policy is not ratified at the Meeting, the Policy shall be void and of no further force or effect as of the termination of the Meeting.

The full text of the Policy is available via SEDAR at www.sedar.com or upon request by contacting the Company.

Stock Option Grant

The Company announces the grant of 685,000 incentive stock options under its incentive stock option plan to certain directors, officers, employees and consultants. The options are exercisable at $4.00 for a period of five years from the date of grant. All options are subject to a four-month hold period and are granted in accordance with the terms of the Company's stock option plan.

On behalf of the Board of Directors of Alpha Minerals Inc.

Ben Ainsworth, President and CEO

Please refer to the Alpha Minerals Inc. website (www.alphaminerals.ca) for further and updated information.

Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues, mineral recovery processes and completion of the Offering and the expected use of proceeds of the Offering. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

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.

Contact Information

  • Alpha Minerals Inc.
    Robert (Bob) Meister
    Vancouver, BC
    (604) 629-0293
    Toll Free: 1-866-629-8368
    info@alphaminerals.ca