Annual and Special Meeting of Shareholders


NOTICE IS HEREBY GIVEN that an Annual Meeting (the “Meeting”) of the shareholders of Buchans Resources Limited (the “Corporation”) will be held on Friday, June 26, 2020 at 11:00 A.M. (Toronto time) for the following purposes:

  1. to receive the report of the Directors and consider the Financial Statements of the Corporation for the financial year ended December 31, 2019, together with the report of the Auditors thereon;
  2. to elect Directors;
  3. to appoint Auditors; and,
  4. to transact such further or other business as may properly come before the Meeting or any adjournment or adjournments thereof.

IMPORTANT

THE CORPORATION WILL HOLD THIS ANNUAL MEETING BY TELECONFERENCE ONLY DUE TO THE COVID-19 PANDEMIC, GUIDANCE ON SOCIAL DISTANCING AND GOVERNMENT RESTRICTIONS ON PUBLIC GATHERINGS.

NO VOTES WILL BE ACCEPTED AT THE TELECONFERENCE MEETING.

Amid ongoing concerns about the Coronavirus (COVID-19) outbreak, the Corporation remains mindful of the well-being of shareholders and their families, and other stakeholders as well as the communities in which we operate. COVID-19 is a rapidly evolving situation, the Corporation will continue to monitor and review provincial and federal governmental guidance in order to assess and implement measures to reduce the risk of spreading the virus, which may include potentially adjourning or postponing the Meeting.

The Circular has been prepared to help you make an informed decision on each of the matters to be voted on at the Meeting. Please review the Circular carefully before voting.

Shareholders are encouraged to complete, date, sign and return the enclosed form of proxy in accordance with the instructions set out in the proxy and in the attached Management Information Circular (the “Circular”).

The Meeting materials, including the Circular, are available on the Corporation’s website at www.BuchansResources.com and will remain on the website for at least one full year from the date of this Notice. The Meeting materials are also available under the Corporation’s profile on SEDAR at www.sedar.com.

Only Shareholders as of the close of business on the record date of May 8, 2020 are entitled to vote at the Meeting either in person or by proxy. In order to be valid for use at the Meeting, proxies must be received by the Corporation, 1805-55 University Avenue, Toronto, Ontario M5J 2H7 at least 48 hours (excluding Saturdays, Sundays and holidays) prior to the time of the Meeting. The time limit for deposit of proxies may be waived or extended by the Chairman of the Meeting at his discretion, without notice.
If you are a registered shareholder, you will have received this Notice of Meeting and a form of Proxy (the “Proxy”) from the Corporation. Registered shareholders are requested to read the notes included in the form of Proxy, then complete, date, sign and mail the Proxy, in accordance with the instructions set out in the Proxy.

The Meeting materials are available below:

Notice of Meeting

Management’s Information Circular

Form of Proxy

Notice and Access

Request for Financial Statements