Business
Nickel 28 Acknowledges Receipt of Director Nomination Notice
No Shareholder Action Required at this Time; Special Committee to Review Notice TORONTO / May 05, 2023 / Business Wire / Nickel 28 Capital Corp. (“Nickel 28” or
About this update from Nickel 28 Capital Corp
[{"type":"text","content":"No Shareholder Action Required at this Time; Special Committee to Review Notice TORONTO / May 05, 2023 / Business Wire / 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 ...