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Jaxon Mining adopts new policy for nominating directors

Last updated: 19:20 23 Jan 2019 GMT, First published: 13:25 23 Jan 2019 GMT

Pictured is a boardroom
No person will be eligible for election as a director unless he or she is nominated in accordance with the policy, Jaxon said

Jaxon Mining Inc. (CVE:JAX) (OTCMKTS:JXMNF) told investors it had adopted a policy that provides shareholders, directors and management with a clear framework for nominating directors.

READ: Jaxon Mining confirms gold-cobalt mineralization extension at Hazelton property in British Columbia

The Vancouver-based metals explorer said in a statement that the policy, among other things, requires advance notice to the company in certain circumstances in which nominations to the board are made by shareholders of the company.

No person will be eligible for election as a director unless he or she is nominated in accordance with the policy, Jaxon added.

The full text of the policy is available under the company's profile on SEDAR.

Contact Giles Gwinnett at giles@proactiveinvestors.com

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