Concerned Shareholders: AOS Shareholders' Meeting Will Proceed as Scheduled Today
Board Entrenchment Tactic Irresponsible, Damaging to Shareholders and Legally Unsupportable
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 06/28/12 -- The Concerned Shareholders (the "New Board") of Alberta Oilsands Inc. ("AOS") will be proceeding with the AOS shareholders' meeting, which has been duly called for 10:00 a.m. (Calgary time) today - Thursday, June 28, 2012. An independent scrutineer has been retained by the New Board and will be attending the Meeting. The New Board encourages all shareholders of AOS to attend the meeting at the Metropolitan Conference Centre, 333 - 4th Avenue S.W., Calgary, Alberta to elect the New Board and to ignore the irresponsible and legally immature and unsupportable entrenchment tactics of the outgoing board of AOS.
As suspected and predicted in the New Board press release yesterday, the outgoing board is now initiating costly stalling tactics which will drain the treasury, and for which the New Board will hold each of them personally accountable.
On Wednesday June 27, 2012, over 24 hours after the voting deadline, the outgoing board of AOS finally realized that shareholders had shown them the door. Instead of gracefully working on a transition, the outgoing board has attempted to postpone the shareholders' meeting.
The shareholders have already spoken and we will ensure that their will is responsibly expressed this morning. A further announcement on completion of the shareholders' meeting will be forthcoming.
In the interim, we reiterate to the outgoing board and to management that we will hold each director and officer who supports or provides instructions with respect to these irresponsible positions personally liable. Outgoing directors should seek independent counsel in this regard. We expect that more formal instructions will be given by the New Board to management and its advisors this afternoon. In the interim, we urge all involved to act responsibly.
Contacts:
Susy Monteiro
Senior Vice President
Phoenix Advisory Partners
(647) 351-3085 ext. 222
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 28.06.2012 - 12:00 Uhr
Sprache: Deutsch
News-ID 160896
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Oil & Gas
Diese Pressemitteilung wurde bisher 380 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Concerned Shareholders: AOS Shareholders' Meeting Will Proceed as Scheduled Today"
steht unter der journalistisch-redaktionellen Verantwortung von
The Concerned Shareholders of Alberta Oilsands Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
