Dobi Medical International (DOBI) Inactive
Filed: 13 Nov 02, 12:00am
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
| Filed by the Registrant [X] | Filed by a Party other than the Registrant [ ] | |
| Check the appropriate box: | ||
| [ ] | Preliminary Proxy Statement [ ] | Confidential, For Use of the |
| [X] | Definitive Proxy Statement | Commission Only (as permitted |
| [ ] | Definitive Additional Materials | by Rule 14a-6(e)(2)) |
| [ ] | Soliciting Material Pursuant to | |
| Rule 14a-11(c) or Rule 14a-12 | ||
LIONS GATE INVESTMENT LIMITED | ||
(Name of Registrant as Specified In Its Charter) | ||
Board of Directors -- Lions Gate Investment Limited | ||
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) | ||
| Payment of Filing Fee (Check the appropriate box): | ||
| [X] | No fee required. | |
| [ ] | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. | |
| 1) | Title of each class of securities to which transaction applies: | |
| 2) | Aggregate number of securities to which transaction applies: | |
| 3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set | |
| forth the amount on which the filing fee is calculated and state how it was determined): | ||
| 4) | Proposed maximum aggregate value of transaction: | |
| 5) | Total fee paid: | |
| [ ] | Fee paid previously with preliminary materials: | |
| [ ] | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the | |
| filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement | ||
| number, or the form or schedule and the date of its filing. | ||
| 1) Amount previously paid: | ||
2) Form, Schedule or Registration Statement No.:
3) Filing Party:
4) Date Filed:
NOTICE OF ANNUAL MEETING OF
SHAREHOLDERS OF LIONS GATE INVESTMENT LIMITED
To the Shareholders ofLIONS GATE INVESTMENT LIMITED:
The Annual Meeting of Shareholders will be held at the offices of Lions Gate Investment Limited, located at Suite 1000, 409 Granville Street, Vancouver, British Columbia, V6C 1T2, on Monday, December 2, 2002, at 10:00 a.m. for the purposes of:
| 1. | Electing a new Board of Directors. | The nominees for election to the office of directors |
| are: | ||
| N. Desmond Smith | ||
| 2. | Appointing auditors for the 2002/2003 fiscal year. | The nominee for appointment is |
| Davidson & Company. | ||
| 3. | Ratifying all prior actions taken by the officers and directors of the Corporation. | |
| 4. | Transacting such other business as may properly come before the meeting. | |
Shareholders of record at the close of business on November 1, 2002, are entitled to notice of and to vote at the meeting or any adjournment thereof. You are cordially invited to attend the meeting. If you do not expect to be present, please sign and date the accompanying proxy and mail it at once in the enclosed envelope.
BY ORDER OF THE BOARD OF DIRECTORS
| / | s/N. Desmond Smith |
| N. | Desmond Smith, President and Director |
Dated: October 29, 2002
YOUR VOTE IS IMPORTANT
YOU ARE URGED TO SIGN, DATE AND PROMPTLY RETURN YOUR PROXY SO THAT YOUR SHARES MAY BE VOTED IN ACCORDANCE WITH YOUR WISHES.
LIONS GATE INVESTMENT LIMITED
2106 - 33rd Avenue, S.W. Calgary, Alberta, T2T 1Z0 Canada
PROXY STATEMENT
For the Annual Meeting of Shareholders to be held on Monday, December 2, 2002
This Proxy Statement and the accompanying proxy are furnished to the shareholders of Lions Gate Investment Limited (the "Company") in connection with the solicitation of proxies by the Board of Directors for use at the 2002 Annual M eeting of Shareholders (the "Annual Meeting"). The Annual Meeting will be held on Monday, December 2, 2002, beginning at 10:00 a.m. at the Company's counsel's office located at Suite 1000, 409 Granville Street, Vancouver, British Columbia, V6C 1T2, and at any postponements or adjournments of the Annual Meeting. The enclosed proxy is being solicited by the Board of Directors of the Company.
The Company is paying all costs of preparing, assembling and mailing this Proxy Statement. The Company has made arrangements to forward copies of proxy materials to brokerage houses, custodians, nominees and fiduciaries for forwarding of proxy soliciting material to the beneficial owners of the Common Stock of the Company at the Company's expense. In addition to the solicitation of proxies by mail, some of the officers, directors and regular employees of the Company may without additional compensation solicit proxies by telephone or personal interview. The Company will bear the costs of these solicitations.
Voting and Revocability of Proxies
Shareholders are encouraged to complete the enclosed proxy and return it to the Company as soon as possible. Any person who completes the enclosed proxy may revoke it at any time prior to its exercise by delivering to the Secretary of the Company either a signed statement revoking the proxy or a properly executed proxy bearing a later date. A shareholder may also revoke a proxy by attending the Annual Meeting and voting his or her shares personally. Proxies that have been properly dated, signed and returned will be voted in accordance with the instructions given by the shareholder. If a proxy is signed and returned but no voting instructions are given, each valid proxy will be voted in the election of directors FOR those nominees presented by the Board of Directors and FOR approval of Davidson & Company as the independent auditors of the Company. Should any other business properly come before the Annual Meeting, the person or persons named as the proxy shall be allowed to vote o n such matter as that person or those persons determine in his, her or their sole discretion.
Abstentions will be counted as shares present or represented and entitled to vote for the purposes of determining whether a quorum exists at the Annual Meeting.
Shareholders of record as of the close of business on November 1, 2002 are entitled to notice of the Annual Meeting and to vote in person or by proxy. The Common Stock of the Company (the "Common Stock") is the only class of outstanding securities entitled to vote at the Annual Meeting. As of the close of business on November 1, 2002, there were 2,650,000 shares of Common Stock outstanding and entitled to vote. The presence of a majority of the outstanding shares of Common Stock, either in person or by proxy, will constitute a quorum at the Annual Meeting.
PROPOSAL NUMBER 1 ELECTION OF DIRECTORS
The Company's Bylaws provide that the Board of Directors shall be no less than one director or that number otherwise required by law and be determined by the Board of Directors. The Board of Directors has set the number of directors at one, and there is currently one member on the Board of Directors.
Persons may be nominated for election to the Board of Directors by the shareholders upon the making of a proper motion at the Annual Meeting.
One director is to be elected at the Annual Meeting to serve until the following annual meeting of shareholders. The Board of Directors will present at the Annual Meeting for election and recommends a vote FOR Mr. N. Desmo nd Smith. Mr. Smith was recommended by the Board of Directors for presentation to the shareholders for election at the Annual Meeting. Mr. Smith is currently a member of the Board of Directors.
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Persons receiving a plurality of the votes cast at the Annual Meeting will be elected to the Board of Directors. A "plurality" means that the individuals who receive the largest number of votes cast are elected as directors up to the maximum number of directors to be chosen. Votes against any candidate and any shares not voted (such as by abstention) will have no impact on the election of directors. All proxies will be voted FOR the election of each of these nominees unless authority to vote for the election of any nominee or nominees is withheld by the shareholder giving the proxy. If any nominee should unexpectedly decline or be unable to act as a director, the proxies may be voted for a substitute nominee to be designated by the Board of Directors. The Board of Directors does not believe that any nominee will decline to serve.
Shareholders are entitled to one vote for each share held.
Background information with respect to the nominee for election to the Board of Directors is set forth below.
NOMINEES FOR ELECTION TO BOARD OF DIRECTORS
N. DESMOND SMITH was appointed to his positions on March 23, 2001. Mr. Smith devotes his time to our company on an as needed basis which he expects to be approximately 20 hours per month initially. Mr. Smith is a professional geologist, B.Sc. (Honors) Geology, University of British Columbia, 1975. Mr. Smith has 26 years experience in oil and gas exploration development including positions as geologist with Hudson Bay Oil and Gas Company Limited and Canada City Services Ltd. Mr. Smith was also a senior geologist with Harbour Petroleum Company Limited. In 1981, Mr. Smith co-founded Tai Resources Ltd. for which he acted as director and president until 1994. Under Mr. Smith's direction, Tai Energy completed equity financings totaling approximately $12 million and increased its portfolio of petroleum and natural gas assets to a point which qualified the company for a listing on the Toronto Stock Exchange in 1993. Tai Energy was the subject of a friendly takeove r bid by Maxx Petroleum in 1994. Following the takeover, Mr. Smith accepted a consulting position as chief operating officer of Commonwealth Oil & Gas Company Limited. Mr. Smith remained with Commonwealth Oil & Gas Company
Limited from 1995 to 2000 during which time he co-negotiated the first onshore exploration, development and production sharing agreement in the Republic of Azerbaijan. During this period of time, Commonwealth's parent company was successful in raising equity financing of over $17 million. From 2000 to the present, Mr. Smith has worked with Texas T Resources Inc. and Nostra Terra (Overseas) Ltd. in the positions of director/president and manager respectively. Mr. Smith's chief responsibilities with these companies has been to co-ordinate the exploration, development and production of hydrocarbons byconsulting geologists and geophysicists.
Directors are elected at annual meetings of the shareholders to terms which extend until the following annual meeting. Officers are appointed by, and serve at the discretion of, the Board of Directors.
No members of the Board of Directors are currently compensated for attending meetings of the Board of Directors.
There are no agreements between the Company and any of its officers or directors which concern changes of control of the Company.
SECURITIES OWNERSHIP OF MANAGEMENT
AND CERTAIN BENEFICIAL OWNERS
The following table sets forth certain information regarding the number of shares of the voting securities which each director, each nominee for election to the Board of Directors the percentage of shares whichthe executive officers and directors owned as a group as of November 1, 2002. The only class of equity securities which has a present right to vote in elections of directors is the Common Stock.
| Number of Shares | Percent | |||||
| Name | Director Since | Address | Beneficially Owned | of Class | ||
| N. Desmond Smith | March, 2001 | 2106 - 33rdAve. S.W. | 100,000 | 3.77% | ||
| Calgary, Alberta | ||||||
| T2T 1Z0 | ||||||
| All Executive Officers and Directors | 100,000 | 3.77% | ||||
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EXECUTIVE COMPENSATION
Compensation of Executive Officers
Compensation received by officers, directors, and management personnel will be determined from time to time by our Board of Directors. Officers, directors, and management personnel will be reimbursed for any out-of-pocket expenses incurred on our behalf.
PROPOSAL NUMBER 2
APPROVAL OF INDEPENDENT AUDITORS
The Board of Directors has selected Davidson & Company ("Davidson & Company") as the independent auditors for the Company for the fiscal year ending July 31, 2003.
It is not anticipated that representatives of Davidson & Company will be present at the Annual Meeting. If representatives are present, they will be provided an opportunity to make a statement should they wish to do so and to respond to appropriate questions.
The Board of Directors recommends a vote "FOR" approval of Davidson & Company as the Company's independent auditors for the fiscal year ending July 31, 2003.
SUBMISSION OF SHAREHOLDER PROPOSALS FOR
2003 ANNUAL MEETING OF SHAREHOLDERS
The 2003 Annual Meeting of Shareholders has been scheduled to take place on December 5, 2003. Shareholder proposals for presentation at that meeting must be received by the Company by no later than September 1, 2003.
OTHER BUSINESS
It is not intended that any business other than that set forth in the Notice of Annual Meeting and more specifically described in this Proxy Statement will be brought before the Annual Meeting. If any other business should properly come before the Annual Meeting, it is the intention of the persons named in the enclosed form of proxy to vote in accordance with their best judgment on that business or any matters dealing with the conduct of the Annual Meeting pursuant to the discretionary authority granted in the proxy.
By Order of the Board of Directors,
| / | s/N. Desmond Smith |
| N. | Desmond Smith, President and Director |
November 1, 2002
The Company has provided a copy of its Annual Report on Form 10-KSB for the year ended July 31, 2002, which was filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, including the financial statements and schedules thereto, but without exhibits on October 28, 2002.
PROXY
LIONS GATE INVESTMENT LIMITED
The undersigned, owner of shares of corporate stock the number and description of which are set forth below, appoints N. Desmond Smith with full power of substitution and revocation, to act as the undersigned's proxy holder at the meeting specified, and any adjournment of that meeting.
| Type of meeting: | Annual | |
| Date of meeting: | Monday, December 2, 2002 | |
| Place of meeting: | Suite 1000, 409 Granville Street | |
| Vancouver, B.C. | V6C 1T2 | |
IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR EACH OF THE PROPOSALS DESCRIBED IN THE ATTACHED PROXY STATEMENT AND IN THE DISCRETION OF THE PROXIES UPON ANY OTHER BUSINESS THAT MAY PROPERLY COME BEFORE THE MEETING.
The proxyholder shall be entitled to cast the number of votes the undersigned would be entitled to cast if personally present, for or against any proposal, including the election of members of the board of directors, and any and all other business that may come before the meeting.
The undersigned hereby acknowledges receipt of the accompanying Notice of Meeting and Proxy Statement for the Meeting to be held on December 2, 2002.
Dated: __________________, 2002
Signature __________________________________________
Print name of Shareholder ______________________________
Number and class of shares held: _________________________
INSTRUCTIONS TO SHAREHOLDER: PLEASE SIGN EXACTLY AS YOUR NAME APPEARS ON YOUR STOCK CERTIFICATE. JOINT SHAREHOLDERS SHOULD EACH SIGN PERSONALLY. IF SIGNED BY AN ATTORNEY-IN-FACT, ATTACH THE POWER OF ATTORNEY.
| *** | RETURN PROMPTLY TO THE COMPANY'S COUNSEL AT SUITE 1000, 409 GRANVILLE STREET, VANCOUVER, BRITISH COLUMBIA, V6C 1T2. |
BALLOT
LIONS GATE INVESTMENT LIMITED
ANNUAL MEETING OF SHAREHOLDERS
Monday, December 2, 2002
A. Name of Shareholder(s): (Please print name(s) exactly as they appear on your certificate)
_____________________________________________________________________________________________________
Printed name(s)
B. If voting party is other than the owner of the shares, state capacity in which voting party is acting (e.g., proxy holder, trustee):
_____________________________________________________________________________________________________
C. Number of shares being voted: __________________________
UNLESS OTHERWISE DESIGNATED, THIS BALLOT SHALL BE CONSIDERED TO BE A VOTE OF ALL OF THE SHARES THAT THE UNDERSIGNED IS ENTITLED TO VOTE. A VOTE TO ABSTAIN SHALL BE CONSIDERED A VOTE AGAINST.
WRITTEN BALLOT
Election of directors for the coming year:
Nominee For Withhold
N. Desmond Smith _______________ _________________
Ratification of the appointment of Davidson & Company as independent public accountants.
For Against Abstain
_______ ________ ________
ALL BALLOTS MUST BE SIGNED.
For Shareholders Voting in Person:
Signature _____________________________________
_____________________________________________
Print Name(s) exactly as on certificate
For Shares Being voted by Proxy (attach proxy):
______________________________________________
Printed Name of Proxy Holder
______________________________________________
�� Printed Name(s) of Holder(s) of record
By: ___________________________________________
Signature of proxy holder