NextSource Materials Inc. Reminds Stockholders Deadline is Today to Vote in Support of Redomiciling to Canada
December 04 2017 - 6:00AM
NextSource Materials Inc. (TSX:NEXT) (OTCQB:NSRC)
(“
NextSource” or the “
Company”)
has received numerous inquiries from stockholders regarding how to
vote their respective shares in their efforts to support the
Company’s intention to move the corporate domicile of the Company
to Canada (the “
Redomicile”) so that it may
operate under the Canada Business Corporations Act
(
“CBCA”). The Company is currently incorporated
under the laws of Minnesota.
Redomiciling to Canada from Minnesota will
provide the Company a significant reduction in operating cost
related to administrative and legal fees, as well as logically
aligning our corporate domicile to where the head office and
executive management reside. There will be no change in how
NextSource conducts its business. It will conduct the same business
as it conducted prior to the Redomicile and will continue to be
traded on the TSX under the symbol “NEXT” and on the OTCQB under
the symbol “NSRC”.
TODAY AT MIDNIGHT IS THE DEADLINE TO VOTE YOUR
SHARES. PLEASE VOTE TODAY.
HOW TO VOTE
The majority of stockholders will be
“non-registered”. This means that your shares were
either:
i) purchased through a broker or
bank, orii) currently held with a broker or in a trading
account at a broker or bank, oriii) purchased by you through an
online discount broker
If any of the above conditions apply to
stockholders, you will need to call your broker, bank or the online
discount broker where you currently hold your shares and inform
them you wish to vote your shares today for NextSource’s 2017
Annual and Special Meeting (the “AGM”) of
stockholders.
Non-registered stockholders will most likely be
provided with a “control number” to allow you to vote online or
will provide you with other instructions to vote your
shares.
Your vote is important regardless of the number of
shares you own. If any stockholders have not yet voted
their respective shares, the Company encourages them to do so.
The Board of Directors unanimously recommends
that stockholders vote “FOR” this proposal and
support the Company’s continuing efforts to operate in the most
efficient manner and reduce operating expenses wherever
possible.
STOCKHOLDER QUESTIONS
Stockholders of NextSource who have questions regarding
the Redomicile or may still have questions on how to vote may
contact the Company’s Senior Vice President directly by email
at brent@nextsourcematerials.com.
MAJORITY STOCKHOLDER APPROVAL
REQUIRED
In order for the Company to complete its
proposed corporate Redomicile to Canada, it is required to obtain
majority approval (50-percent plus one) from existing
stockholders.
A Proxy Statement was mailed to all stockholders
on or about November 13, 2017 ahead of its upcoming 2017 AGM of
stockholders, which will be held on December 5th at 10:00am at the
Company’s Toronto offices.
YOUR VOTE IS IMPORTANT. VOTE TODAY.
Board of Directors and Management UNANIMOUSLY
recommend that Shareholders vote IN FAVOUR of the
Redomicile.
ABOUT NEXTSOURCE MATERIALS
INC.
NextSource Materials Inc. is a mine development
company based in Toronto, Canada, that is developing its 100%-owned
Molo Graphite Project in southern Madagascar to expected production
in 2018. The Molo Graphite Project is a feasibility-stage,
shovel-ready project and ranks as one of the largest-known and
highest quality flake graphite deposits in the world and the only
project with SuperFlake® graphite.
For further information contact:
+1.416.364.4911Brent Nykoliation, Senior Vice President, Corporate
Development at brent@nextsourcematerials.com or Craig
Scherba, President and CEO at craig@
nextsourcematerials.com
Safe Harbour: This press release contains statements that may
constitute “forward-looking statements” within the meaning of
applicable Canadian and United States securities legislation.
Readers are cautioned not to place undue reliance on such
forward-looking statements. Forward-looking statements in this
press release relates to the anticipated benefits of the
Redomicile, the approval of the Redomicile by our stockholders, the
holding of the AGM, trading of our shares on the TSX and OTCQB, and
the continued conduct of our business. These are based on current
expectations, estimates and assumptions that involve a number of
risks, which could cause actual results to vary and in some
instances to differ materially from those anticipated by the
Company and described in the forward-looking statements contained
in this press release. Readers are encouraged to review the
Company’s 10-K as well as the Proxy Statement, especially the risk
factors contained therein. No assurance can be given that any
of the events anticipated by the forward-looking statements will
transpire or occur or, if any of them do so, what benefits the
Company will derive there from. The forward-looking statements
contained in this news release are made as at the date of this news
release and the Company does not undertake any obligation to update
publicly or to revise any of the forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required by applicable securities laws. This
communication does not constitute an offer to sell or the
solicitation of an offer to buy our securities or the solicitation
of any vote or approval. In connection with the proposed
Redomicile, on October 30, 2017, the Company filed with the SEC an
amendment to its registration statement on Form S-4 (Registration
No. 333-220899) that includes a preliminary prospectus/preliminary
proxy statement of the Company, which registration statement was
declared effective on November 1, 2017. The Company filed the
definitive proxy statement/prospectus with the SEC on November 2,
2017, which is being mailed to shareholders of the Company on or
about November 13, 2017. INVESTORS ARE ADVISED TO READ THE
DEFINITIVE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND
SUPPLEMENTS THERETO) CAREFULLY AND ANY OTHER MATERIALS IF AND WHEN
THEY BECOME AVAILABLE BECAUSE THEY CONTAIN AND WILL CONTAIN
IMPORTANT INFORMATION ABOUT THE PROPOSED REDOMICILE AND THE
COMPANY. Investors may obtain a free copy of the definitive proxy
statement/prospectus and other relevant documents (when available)
filed and to be filed with the SEC from the SEC's web site at
www.sec.gov or at the Company's web site at
www.nextsourcematerials.com. Investors will also be able to obtain,
without charge, a copy of the definitive proxy statement/prospectus
and other relevant documents (when available) by directing a
request by mail or telephone to Investor Relations, NextSource
Materials Inc., 145 Wellington Street West, Suite 1001,Toronto,
Ontario, Canada M5J 1H8, telephone 1.416.364.4911 ext. 305 or by
email at info@nextsourcematerials.com. The Company and its
directors and officers may be deemed to be participants in the
solicitation of proxies from the Company's shareholders in
connection with the proposed Redomicile. Information about these
persons is set forth in the definitive proxy statement/prospectus
and in documents subsequently filed by its directors and officers
under the Securities Exchange Act of 1934, as amended. Investors
may obtain additional information regarding the interests of such
persons, which may be different from those of the Company's
shareholders generally, by reading the definitive proxy
statement/prospectus and other relevant documents regarding the
proposed redomicile transaction filed and to be filed with the
SEC.
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