Sagres Energy Inc. has amended its by-laws to adopt a new policy that requires advance notice to Sagres for nominations of directors other than by management, through a requisition for a meeting or by way of a shareholder proposal.

Among other things, the policy fixes a deadline by which holders of record of common shares of Sagres must submit director nominations to the company prior to any annual or special 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.

Tags: Sagres Energy Inc.