With less than 48 hours remaining until the proxy voting deadline,
NorthWest Copper Corp. (“NorthWest” or the “Company”) (TSXV:NWST)
(OTCQX: NWCCF) encourages shareholders to vote for its refreshed
board of directors (the “Board”) without delay. Every vote is
important to ensure that shareholders do not risk their investment
to an Activist Group, whose self-serving agenda could come at the
expense of all other shareholders.
NorthWest’s revamped Board – recommended by two
independent proxy advisors – brings a proven track record in
successful equity financings, extensive experience in leadership
roles within larger minerals companies, and specialized expertise
in BC copper deposits. The Board also possesses the cultural and
environmental knowledge necessary for fostering strong
relationships and partnerships with First Nations and local
communities.
Shareholders are reminded that the Activist
Group has had four months to answer genuine concerns, including
simple questions about its legitimate plans for the Company and how
it intends to enhance shareholder value. In the Board’s view, the
reason the Activist Group cannot articulate a credible plan is
because it may be looking to takeover the Company without paying a
premium to all other shareholders.
The Activist Group declined settlement offers
from the Board and openly stated its intention to utilize Company
funds for reimbursing the personal expenses accrued during this
proxy battle, which is anticipated to amount to hundreds of
thousands of dollars. The Activist Group also approached two
NorthWest directors – Chair Terry Lyons and director David Moore –
to join its slate. Both denied the Activist Group’s request due to
the lack of plan for the Company’s future and the potential risk to
the investments of all other shareholders.
NorthWest remains steadfast in its commitment to
acting in the best interests of its shareholders and stakeholders.
Board members continue to focus on their fiduciary duties and
responsibilities for the betterment of NorthWest despite these
attempts to disrupt operations.
Vote Now (Or Change Your Vote). Protect
Your Investment
Voting, or changing your vote in favour of
NorthWest nominees, is simple. Call Kingsdale Advisors on
1-888-518-1565 (toll-free in North America), text 1-647-251-9704
(collect call outside North America) or email
contactus@kingsdaleadvisors.com for assistance.
To find out why leading independent proxy
advisors, ISS and Glass Lewis, recommend shareholders vote for
NorthWest nominees visit www.ProtectNWST.com. It details why your
investment is better protected by voting FOR NorthWest’s refreshed
Board, its strengthened executive team, and its strategic action
plan designed to advance NorthWest’s mineral exploration.
Act Now! Proxy Voting Deadline is this
Friday, September 22, 2023 at 10:00 a.m. (Vancouver
Time)
The proxy voting deadline for the upcoming
annual meeting of the Company’s shareholders (the “Meeting”) is
10:00 a.m. (Vancouver time) this Friday, September 22, 2023 or, if
the Meeting is adjourned or postponed, 48 hours (excluding
Saturdays, Sundays or statutory holidays in British Columbia) prior
to the time and date to which the Meeting is adjourned or
postponed. The Meeting is scheduled for September 26, 2023 at the
offices of Cassels, Brock & Blackwell LLP, Suite 2200, HSBC
Building, 885 West Georgia Street, Vancouver, BC, V6C 3E8.
Your Vote Is Important. Vote BLUE
Now!
NorthWest urges shareholders to vote the
BLUE proxy as recommended by both ISS and Glass
Lewis. Shareholders are urged to carefully review the Company’s
Letter to Shareholders and Circular, which can be found on
www.ProtectNWST.com as well as on SEDAR+ (www.sedarplus.ca) and on
the Company's website (www.northwestcopper.ca). Vote FOR
NorthWest’s refreshed Board, its strengthened executive team, and
its strategic action plan designed to advance NorthWest’s mineral
assets without delay.
Instructions To Vote BLUE
Every vote is important. Even if you have never
voted before and no matter how many shares you own, becoming a
voter is fast and easy. Here’s how:
To Vote FOR, vote the BLUE
proxy. Follow the instructions on the BLUE proxy
or VIF.
Vote online:Registered shareholders:
https://login.odysseytrust.com/pxloginNon-registered shareholders:
www.proxyvote.com
NorthWest shareholders can contact Kingsdale
Advisors by calling 1-888-518-1565 (toll-free in North America),
calling or texting 1-647-251-9704 (collect call outside North
America) or by email at contactus@kingsdaleadvisors.com or visit
www.ProtectNWST.com for more information.
Vote BLUE To Protect Your Investment in
NorthWest.
For further information, please contact:
Investor contact:Peter Lekich, Director Investor
RelationsTel: 778-389-2446Email: plekich@northwestcopper.ca
Neither 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.
Cautionary Statement Regarding
Forward-Looking Information
This news release contains certain
forward-looking statements, including, but not limited to,
statements with respect to: the plans and intentions of the
activist group of shareholders; and the plans and intentions of the
Company. Wherever possible, words such as “may”, “will”, “should”,
“could”, “expect”, “plan”, “intend”, “anticipate”, “believe”,
“estimate”, “predict” or “potential” or the negative or other
variations of these words, or similar words or phrases, have been
used to identify these forward-looking statements. These statements
reflect management’s current beliefs and are based on information
currently available to management as at the date hereof.
Forward-looking information involves known and
unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking information, including the
risks, uncertainties and other factors identified in NorthWest’s
periodic filings with Canadian securities regulators.
Forward-looking information are subject to business and economic
risks and uncertainties and other factors that could cause actual
results of operations to differ materially from those contained in
the forward-looking information. Important factors that could cause
actual results to differ materially from NorthWest’s expectations
include risks associated with the business of NorthWest; risks
related to a change in the current Board or management of the
Company; risks related to reliance on technical information
provided by NorthWest; risks related to exploration and potential
development of the Company’s mineral properties; business and
economic conditions in the mining industry generally; fluctuations
in commodity prices and currency exchange rates; uncertainties
relating to interpretation of drill results and the geology,
continuity and grade of mineral deposits; the need for cooperation
of government agencies and First Nation groups in the exploration
and development of properties and the issuance of required permits;
the need to obtain additional financing to develop properties and
uncertainty as to the availability and terms of future financing;
the possibility of delay in exploration or development programs and
uncertainty of meeting anticipated program milestones; uncertainty
as to timely availability of permits and other governmental
approvals; and other risk factors as detailed from time to time and
additional risks identified in NorthWest’s filings with Canadian
securities regulators on SEDAR+ in Canada (available at
www.sedarplus.ca). Forward-looking information is based on
estimates and opinions of management at the date the information
are made. NorthWest does not undertake any obligation to update
forward-looking information except as required by applicable
securities laws. Investors should not place undue reliance on
forward-looking information.
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