Business
Nickel 28 Capital Announces Reconstitution of Board of Directors
TORONTO / Aug 14, 2023 / Business Wire / Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) is pleased to announce the reconstitutio
About this update from Nickel 28 Capital Corp
[{"type":"text","content":"TORONTO / Aug 14, 2023 / Business Wire / Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) is pleased to announce the reconstitution of its board of directors (the “Board”) in accordance with the recommendations of an independent review committee of the Board (the “IRC”) established for the purposes of, among other things, considering whether the resignations previously tendered by five of the Company’s directors pursuant to Nickel 28’s majority voting policy (the “Policy”) should be accepted. Based upon the recommendations of the IRC, the Board has been reconstituted as follows: the resignations of Anthony Milewski and Maurice Swan as directors were not accepted such that Messrs. Milewski and Swan continue on the Board; the resignations of Justin Cochrane, Lance Frericks and Philip Williams as directors have been accepted; Edward (Ned) Collery, Brett A. Richards and Christopher S. Wallace have been appointed to the Board to fill the vacancies created by these resignations; C. Ian Ross, who was appointed on June 16, 2023 as an independent director and the Chair and sole member of the IRC, also continues on the Board; after giving effect to the foregoing changes, the Board is now comprised of the following six directors: (i) Ned Collery, (ii) Anthony Milewski, (iii) Brett Richards, (iv) C. Ian Ross, (v) Maurice Swan and (vi) Chris Wallace; Mr. Milewski will continue to lead the Company’s management team, now as Nickel 28’s Chief Executive Officer; and the Board has unanimously appointed C. Ian Ross as its new, non-executive Chair of the Board. The reconstituted Board unanimously approved the issuance of the following joint statement: “We support the reconstitution of the Board announced today, and look forward to a new and bright future for the Company. Each of us is committed to ensuring that the reconstituted board collectively provides effective and independent oversight, governance and direction to the Company. We look forward to the future success of Nickel 28 under the revitalized board’s stewardship.” Appointed Director Biographies Edward (Ned) Collery has over a decade of experience in investing in the natural resources and mining space. Mr. Collery is the founder and President of Pelham Investment Partners LP, a private investment partnership and a significant shareholder of the Company. Prio...