Nickel 28 Files Supplement to Circular for Upcoming Annual General and Special Meeting of Shareholders
May 29 2023 - 6:00AM
Business Wire
Supplement Highlights Reasons to Vote
BLUE Proxy and Provides Additional
Information about Nickel 28’s Highly Aligned Board
Pelham Has No Compelling Case for Change and No
Real Plan for Your Investment
Nickel 28 Shareholders Vote Your BLUE Proxy Today!
Nickel 28 Capital Corp. (“Nickel 28” or the
“Company”) (TSXV: NKL) (FSE: 3JC0) announced
that it has filed a supplement (the “Supplement”) dated May
27, 2023 that modifies and supplements its management information
circular (the “Circular”) dated May 10, 2023 and related
proxy materials in connection with its annual general and special
meeting (the “Meeting”) of shareholders scheduled for June
12, 2023 at 10:00 a.m. (Toronto time).
The Supplement provides additional information about the
Company’s five highly qualified nominees for the board of directors
(the “Board”) on the BLUE proxy. In addition, the Supplement
reminds shareholders that the chairman of the Meeting (the
“Chairman”), advised by independent counsel, previously
determined that Pelham Investment Partners LP’s (“Pelham”)
failed to deliver a proper notice (the “Notice”) in
compliance with the Company’s advance notice provisions under its
articles.
As previously disclosed, the Chairman’s independent legal
counsel has commenced a proceeding in the Supreme Court of British
Columbia seeking a declaration confirming the decisions made by him
in respect of the Notice and the Meeting. Pelham is purporting to
solicit votes for its nominees in contravention of the Chairman’s
determination that the director nominations contained in the Notice
will not be considered for election to the Board at the
Meeting.
While the Chairman remains resolute in his commitment to
ensuring the Meeting occurs in accordance with the Company’s
articles and applicable laws and has notified Pelham that it will
not be entitled to nominate directors, the Company is reiterating
the reasons why shareholders should vote their shares in favor of
the Company’s nominees in the Supplement in the face of Pelham’s
challenge to the Chairman’s determination.
The Supplement reiterates:
- The many important reasons to support Nickel 28’s recommended
director nominees on the BLUE
proxy, who have delivered for shareholders and positioned the
Company to become a leading battery metals investment vehicle.
- The reasons to withhold your votes from Pelham’s nominees, (if
their nominations are determined to be valid by the Court),
including their lack of a plan to run the business and drive value
for shareholders, and the nominees’ lack of the necessary skills,
experience and expertise.
Vote the BLUE Proxy or
BLUE VIF FOR Nickel 28’s five
director nominees to continue Nickel 28’s proven strategy for value
creation and strong momentum. Nickel 28 encourages you to vote well
before the proxy voting deadline on June 8, 2023 at 10:00 a.m.
(Toronto time).
The Circular and the Supplement provide important information on
the business of the meeting, including Nickel 28’s Board, as well
as related matters such as voting procedures and how to attend the
Meeting. Shareholders are urged to read the Circular and Supplement
carefully and in their entirety. The Circular and Supplement are
available on Nickel 28’s website at www.ProtectNKL28.com and under
the Company’s profile on SEDAR at www.sedar.com.
If you have any questions or need help voting your shares,
please contact Kingsdale Advisors toll free in North America at
1-888-518-1557, or call collect from outside North America at
416-867-2272, or by email at contactus@kingsdaleadvisors.com if you
need assistance with voting your shares.
Advisors
Stikeman Elliott LLP and Bennett Jones LLP are acting as legal
counsel to Nickel 28. BMO Capital Markets is acting as financial
advisor to Nickel 28. Kingsdale Advisors is acting as strategic
shareholder advisor to Nickel 28. Gagnier Communications LLC is
acting as strategic communications advisor to Nickel 28.
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
Meeting and the court proceedings relating to the invalidity of the
Notice, including the outcome thereof and 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230529005040/en/
Investor Contact:
Justin Cochrane, President Tel: + 1 289 314 4766 Email:
info@nickel28.com
Kingsdale Advisors Tel: 1-888-518-1557 or 416-867-2272 Email:
contactus@kingsdaleadvisors.com
Media:
Gagnier Communications Riyaz Lalani & Dan Gagnier Tel: +1
416 305 1459 Email: NKL28@gagnierfc.com
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