Nickel 28 Announces Appointment of New Independent Director and Provides Update on Majority Voting Policy
16 Junho 2023 - 6:00PM
Nickel 28 Capital Corp. (“
Nickel 28” or the
“
Company”) (TSXV:
NKL) (FSE:
3JC0) is pleased to announce the appointment of
Mr. C. Ian Ross as a new independent director to the Board of
Directors (the “
Board”), effective immediately.
Mr. Ross brings extensive board, senior management and
transactional experience in a wide variety of public companies and
highly complex special situations. In addition, the Company is
providing an update regarding the determination of the Board on the
application of the Company’s majority voting policy (the
“
Policy”) with respect to the results of its
annual general and special meeting of shareholders held on June 12,
2023 (the “
Meeting”).
As previously announced, management’s
recommended slate of directors was duly elected in accordance with
applicable corporate law, however, each of the directors received
less than majority support from shareholders at the Meeting.
Following due consideration of the application of the Policy to the
Meeting, and having taken advice from its legal advisors, the Board
has determined that the principles underlying the Policy are
engaged and that the Policy will apply with respect to the Meeting.
As such, each of the members of the Board has tendered his
resignation for consideration in accordance with the Policy. It is
the Board’s desire that the process by which the resignations are
considered proceed as promptly as practicable in accordance with
the Policy. The resignations will be effective if and when accepted
and the determination with respect to the acceptance of the
resignations will be announced via press release as contemplated by
the Policy. The Board does not anticipate that the acceptance of
any of the resignations will constitute a “change of control” for
purposes of the Company’s employment and consulting agreements. A
copy of the Policy is available on the Company’s website at
www.nickel28.com.
Given the circumstances, the Board believes that
the offers of resignation should be considered in accordance with
the principles of the Policy with the benefit of independent
perspective and judgment. Accordingly, the Board announced today
the appointment of C. Ian Ross to the Board to serve as a new
independent director, effective immediately. Mr. Ross has been
appointed to serve as a member of the Nominating and Corporate
Governance Committee and Compensation Committee and it is expected
that Mr. Ross will, with the benefit of advice from independent
counsel, consider whether the resignations should be accepted and
make recommendations in accordance with the Policy. Mr. Ross is an
experienced corporate director with no prior relationships with any
of the existing members of the Board or management and is
independent within the meaning of National Instrument 52-110 –
Audit Committees.
Mr. Ross is currently the Chair of the Board and
Interim Chief Executive Officer of Growthworks Canadian Fund Ltd.
and the Chair of the Independent Review Committee for the mutual
fund assets of Tangerine Bank. Mr. Ross has previously served as
Chair of the Board and Interim Chief Executive Officer of Partners
Real Estate Investment Trust. Mr. Ross is also a former Chair of
the Board of Menu Foods Income Trust and former Chair of the Board
of Pet Valu Canada Inc. Mr. Ross has also served as a director of
numerous other public and private companies, including Ontario
Power Generation Inc. Mr. Ross is a member of the Law Society of
Ontario and the Institute of Corporate Directors.
About Nickel 28
Nickel 28 Capital Corp. is a nickel-cobalt
producer through its 8.56% joint-venture interest in the producing,
long-life and world-class Ramu Nickel-Cobalt Operation located in
Papua New Guinea. Ramu provides Nickel 28 with significant
attributable nickel and cobalt production thereby offering our
shareholders direct exposure to two metals which are critical to
the adoption of electric vehicles. In addition, Nickel 28 manages a
portfolio of 10 nickel and cobalt royalties on development,
pre-feasibility and exploration projects in Canada, Australia and
Papua New Guinea.
Cautionary Note Regarding
Forward-Looking Statements
This news release contains certain information
which constitutes “forward-looking statements” and “forward-looking
information” within the meaning of applicable Canadian securities
laws. Any statements that are contained in this news release that
are not statements of historical fact may be deemed to be
forward-looking statements. Forward-looking statements are often
identified by terms such as “may”, “should”, “anticipate”,
“expect”, “potential”, “believe”, “intend” or the negative of these
terms and similar expressions. Forward-looking statements in this
news release include, but are not limited to: statements with
respect to the application of the Policy to the results of the
Meeting, whether the resignations, if accepted, will constitute a
“change of control” under the Company’s employment and consulting
agreements, the consideration of the resignations submitted by the
members of the Board in accordance with the Policy, and the timing
and other matters relating thereto. Readers are cautioned not to
place undue reliance on forward-looking statements. Forward-looking
statements involve known and unknown risks and uncertainties, most
of which are beyond the Company’s control. Should one or more of
the risks or uncertainties underlying these forward-looking
statements materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results,
performance or achievements could vary materially from those
expressed or implied by the forward-looking statements.
The forward-looking statements contained herein
are made as of the date of this release and, other than as required
by applicable securities laws, the Company does not assume any
obligation to update or revise them to reflect new events or
circumstances. The forward-looking statements contained in this
release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. No securities regulatory
authority has either approved or disapproved of the contents of
this news release.Investor Contact:
Justin Cochrane, PresidentTel: + 1 289 314 4766Email:
info@nickel28.com
Media:
Gagnier CommunicationsRiyaz Lalani & Dan GagnierTel: +1 416
305 1459Email: NKL28@gagnierfc.com
Nickel 28 Capital (TSXV:NKL)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Nickel 28 Capital (TSXV:NKL)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024