Goldspike Exploration Inc.
TSX VENTURE : GSE

Goldspike Exploration Inc.

May 15, 2013 16:29 ET

Goldspike Adopts Advance Notice By-Law

TORONTO, ONTARIO--(Marketwired - May 15, 2013) - Goldspike Exploration Inc. ("Goldspike" or the "Company") (TSX VENTURE:GSE) -

Goldspike announced today that the Board of Directors has amended their general By-Law No. 2 ("Amended By-Law") to include an advance notice provision (the "Advance Notice Provisions") requiring 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) the requisition of a meeting, or (ii) a shareholder proposal, both made pursuant to the provisions of the Business Corporations Act (Ontario) (the "Act").

Among other things, the Advance Notice Provisions fix a deadline by which holders of record or beneficial holders of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders and set forth the information that a shareholder must include in the notice to the Company. In the case of an annual meeting of shareholders, notice to the Company must be provided not less than 30 days and not more than 65 days prior to the date of the annual meeting.

In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be provided no 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 Amended By-Law, which includes the Advance Notice Provisions, is effective as of the date it was approved by the Board of Directors, being May 5, 2013. In accordance with the Act, the Amended By-Law is subject to confirmation by shareholders at the Company's annual and special meeting to be held on June 6, 2013. The Amended By-Law is available under the Company's profile on SEDAR at www.sedar.com and can also be obtained from the Company.

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.

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