Nickel 28 Acknowledges Receipt of Director Nomination Notice
May 05 2023 - 7:00AM
Business Wire
No Shareholder Action Required at this Time;
Special Committee to Review Notice
Nickel 28 Capital Corp. (“Nickel 28” or the
“Company”) (TSXV: NKL) (FSE: 3JC0) announces
that it has received notice (the “Notice”) from Pelham
Investment Partners LP (the “Nominating Shareholder”) of its
intention to nominate five individuals for election as directors at
the Company’s upcoming annual general and special meeting (the
“Meeting”) of shareholders scheduled for June 12, 2023. The
nominees identified by the Nominating Shareholder are Edward (Ned)
Collery, Daniel Burns, Marilyn Spink, David Whittle, and Ross B.
Levin.
Nickel 28’s board of directors (the “Board”) previously
formed a special committee of independent directors of the Board
(the “Special Committee”) and the Special Committee will
review and consider the Notice with its professional advisors.
Nickel 28 will respond appropriately in due course. At this time,
there is no need for shareholders to take any action in respect of
the Notice or the Meeting.
The Company notes it has a highly qualified, independent,
experienced and engaged Board. The Board has a long history of
engagement and good corporate governance and remains welcoming of
constructive input from all shareholders.
Advisors
Kingsdale Advisors is acting as strategic shareholder advisor to
Nickel 28. 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.
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 13
nickel and cobalt royalties on development 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
Notice, the Meeting 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/20230505005102/en/
Investors:
Justin Cochrane, President Tel: + 1 289 314 4766 Email:
info@nickel28.com
Nickel 28 Capital (TSXV:NKL)
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