- Shareholders representing more than 30% of outstanding Mason
Graphite shares have already confirmed their support.
- Reminds shareholders to vote their BLUE
"universal" proxy in favour of a refreshed board comprised of
six highly qualified, competent and committed nominees who will
maximize value for all shareholders and to withhold on the
election of the four management nominees.
- For assistance voting, contact Kingsdale Advisors at
1-866-229-8651 or contactus@kingsdaleadvisors.com.
- To keep current on further developments and for
information about how to vote your shares, visit
www.ABetterMasonGraphite.com.
MONTREAL, Dec. 8, 2020 /CNW Telbec/ - Fahad Al-Tamimi
("Mr. Al-Tamimi" or the "Concerned Shareholder"), a
director and the second largest shareholder of Mason Graphite Inc.
(TSX.V: LLG) ("Mason Graphite" or the "Company")
holding approximately 9.92% of the outstanding shares, is pleased
to announce today that, further to the filing and mailing of Mr.
Al-Tamimi's dissident proxy circular dated December 3, 2020, shareholders representing more
than 30% of the outstanding common shares of Mason Graphite have
confirmed their support for the election of Messrs. Simon Marcotte, Tayfun Eldem, Nav Dhaliwal, Roy
McDowall, Peter Damouni and
Fahad Al-Tamimi (collectively, the
"Concerned Shareholder Nominees"), six highly qualified and
competent director nominees, to the Company's Board at the
Company's annual meeting of shareholders scheduled to be held at
10:00 a.m. (Montreal time) on Tuesday, December 29, 2020. These shareholders
have also confirmed their intention to withhold their votes on the
election of Messrs. Gilles Gingras,
François Laurin, Guy Chamard and
Gaston A. Morin (collectively, the
"Management Nominees") to the Company's Board.
"The significant level of support that we have received so far
is evidence that Mason Graphite shareholders believe in our plans
to put their interests first and to turn the Company around," said
Mr. Al-Tamimi. "We will continue to focus on this process in order
to build even greater and unequivocal support so that we can end
the Company's extremely poor performance and restore the value of
all shareholders' investments."
In light of the significant support for the Concerned
Shareholder Nominees thus far, and in the interests of shareholder
democracy, the Concerned Shareholder fully expects that the
Management Nominees will not resort to defensive tactics to further
entrench themselves at the expense of Mason Graphite's
shareholders.
Vote for positive change by 5:00
p.m. (Montreal time) on
Tuesday, December 22, 2020
Shareholders are encouraged to review the proxy materials and
vote the BLUE "universal" form of proxy or BLUE
voting instruction form FOR the Concerned Shareholder
Nominees and to WITHHOLD on the election of the
Management Nominees.
If you have questions or need help voting, contact Kingsdale
Advisors at 1-866-229-8651 or
contactus@kingsdaleadvisors.com.
Shareholders can view the proxy material and accompanying letter
filed under Mason Graphite's profile on SEDAR at www.sedar.com, or
by visiting the Concerned Shareholder's website at
www.ABetterMasonGraphite.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements. All
statements contained in this filing that are not clearly historical
in nature or that necessarily depend on future events are
forward-looking, and the words "anticipate", "believe", "expect",
"estimate", "plan" and similar expressions are generally intended
to identify forward-looking statements. These statements are based
on current expectations of the Concerned Shareholder and currently
available information. They are not guarantees of future
performance, involve certain risks and uncertainties that are
difficult to predict, and are based upon assumptions as to future
events that may not prove to be accurate. The Concerned Shareholder
does not assume any obligation to update any forward-looking
statements contained in this press release, except as required by
applicable law.
SOURCE Mr. Fahad Al-Tamimi