Business
Snow Lake Lithium Corrects the Record and Confirms Postponed Meeting Date for January 17, 2023
MANITOBA, CANADA / ACCESSWIRE / December 20, 2022 / Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (NASDAQ:LITM) ("Snow Lake Lithium" or the "Company"),
About this update from Frontier Nuclear And Minerals Inc.
[{"type":"text","content":" MANITOBA, CANADA / ACCESSWIRE / December 20, 2022 / Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (NASDAQ:LITM) (\"Snow Lake Lithium\" or the \"Company\"), today corrects the record in response to misinformation perpetuated by the dissident group comprised of Kushkush Investments Pty Ltd (Alexandra Discretionary Trust), M + T K PTY LTD < MTK SUPERANNUATION FUND>, Delaware IR LLC, Benjamin Abraham Fogelgarn, Nikola Najdoski, Yukor Mipoz Pty Ltd, Ozzi Pty Ltd, Deerhunter Investments Pty Ltd, and Nova Minerals Limited (collectively, the \"Dissidents\"). The Dissidents have announced a purported meeting of the Company's shareholders to take place on December 23, 2022. This meeting is invalid and will not be recognized by the Company. The Dissidents' improper attempts to hold a shareholders meeting as well as their repeated false statements regarding management compensation and ongoing initiatives at the Company are unfortunate and serve only to mislead the markets to the detriment of shareholders. As explained in the Company's press release dated December 14, 2022, the annual general and special meeting of the Company's shareholders is now scheduled for January 17, 2023 (the \"Meeting\"). The Meeting was postponed by the Company's board of directors, in accordance with applicable law, as a result of concerns that the integrity of the voting process was at risk given inadequate disclosure from the Dissidents, issues with the manner in which the Dissidents solicited proxies, and a new assessment being conducted by the Australian Securities and Investments Commission with respect to an individual believed by the Company to be a joint actor of the Dissidents. The Company again reaffirms that no meeting of shareholders will take place until January 17, 2023 and that any meeting of shareholders the Dissidents purport to convene prior to that time will be invalid, as will be any business purportedly conducted thereat. Philip Gross, CEO and Chairman of Snow Lake Lithium, commented \"There will be only one meeting at which shareholders will have the opportunity to support either current management or the Dissidents, and it will be held on January 17, 2023. We urge all shareholders to ignore any further attempts by the Dissidents to cause confusion about when and where the Meeting will occur and the issues that will be decided...