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CBLT Requisitions Shareholder Meeting for Investee Ready Set Gold Corp.
Burlington, Ontario--(Newsfile Corp. - June 14, 2021) - CBLT Inc. (TSXV: CBLT) ("CBLT") announ...
About this update from Cblt Inc
[{"type":"text","content":"CBLT Requisitions Shareholder Meeting for Investee Ready Set Gold Corp.Burlington, Ontario--(Newsfile Corp. - June 14, 2021) - CBLT Inc. (TSXV: CBLT) (\"CBLT\") announces it has delivered a requisition letter (the Req Letter\") to the board of Ready Set Gold Corp. (\"RDY\"). In the Req Letter, CBLT requests the board call a meeting of the common shareholders of RDY for the purpose of removing all current directors and electing a fresh team who will actually carry out their fiduciary duties as directors (the \"New Slate\").A copy of the Req Letter is below. It identifies the members of the New Slate with a short bio for each.CBLT informed RDY last week that the Req Letter would be delivered today, with the hope RDY's board would use the Req Letter as an opportunity to address the board's dysfunctionality and terminate its under-skilled CEO. In response, Mr. John Veltheer and Mr. Jason Jessup resigned as directors of RDY. The timing of their resignations is undoubtedly connected to the delivery of the Req Letter. The RDY board now has no person with any technical mining qualifications, which in CBLT's opinion is bizarre for a mining exploration company. In CBLT's opinion, the board's dysfunctionality continues to the detriment of the RDY shareholders. To the best of CBLT's knowledge it is the largest holder of RDY shares, meaning this ongoing morass at the RDY board level hurts CBLT the most. RDY needs a new board that actually respects the shareholders.Should the RDY fail its mandatory statutory obligations to call a shareholder meeting, CBLT intends to call a meeting of the shareholders to remove all current directors and elect the New Slate.CONTACT INFORMATIONPeter M. ClausiCEO and Director1 416 890 [email protected]@ClausiPeterNeither 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. This news release contains certain statements that constitute forward-looking statements as they relate to CBLT and its management. Forward-looking statements are not historical facts but represent management's current expectation of future events, and can be identified by words such as \"believe\", \"expects\", \"will\", \"intends\", \"plans\", \"projects\", \"anticipates\", \"estimates\", \"shou...