Business
Snow Lake Lithium Postpones Annual General and Special Meeting of Shareholders
WINNIPEG, MANITOBA / ACCESSWIRE / December 14, 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":" WINNIPEG, MANITOBA / ACCESSWIRE / December 14, 2022 / Snow Lake Resources Ltd., d/b/a/ Snow Lake Lithium Ltd. (NASDAQ:LITM) (\"Snow Lake Lithium\" or the \"Company\") announces that the Company's annual general and special meeting of shareholders (the \"Meeting\") has been postponed. The Meeting was originally scheduled to be held at 9:00 a.m. (Central Time) on December 15, 2022 and will now be held at 9:00 a.m. (Central Time) on January 17, 2023. Details of the postponed Meeting are set out below at the end of this release. The postponement was made necessary as the result of actions taken by the dissident shareholders, 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\") and their apparent joint actor(s). The board of directors of the Company believe that postponing the Meeting for a short period is reasonable and in the best interests of the Company and its shareholders for a number of reasons, including the following: It has recently come to the attention of the Company that the Dissidents have potentially engaged in an illegal or otherwise improper solicitation of proxies from shareholders of the Company. The validity of a number of proxies and voting instruction forms are in question and the Company is making every effort to maintain the integrity of the proxy voting process and to ensure that no shareholders are disenfranchised. The Company is concerned that the disclosure provided by the Dissidents may contain misrepresentations or otherwise misleading disclosure, particularly in relation to the relationship between certain of the Dissidents and person(s) who the Company believes are their joint actors. The Company wants to ensure that shareholders are provided with proper disclosure as regards any involvement of any joint actors with the Dissidents. The Australian Securities and Investments Commission (\"ASIC\") has served the Company with a request for information with respect to a new investigation into a potential breach of restrictions imposed on person(s) who we believe are joint actors of the Dissidents. The Company has a duty to respond to such request, p...