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Nickel 28 Capital Releases Letter to Shareholders and Files Meeting Materials for the Upcoming Annual General and Special Meeting of Shareholders
Nickel 28’s Highly Aligned Board and Management Team is Driving Value for All Shareholders Pelham and its Nominee Directors Threaten to Derail Nickel 28’s Posit
About this update from Nickel 28 Capital Corp
[{"type":"text","content":" Nickel 28’s Highly Aligned Board and Management Team is Driving Value for All Shareholders Pelham and its Nominee Directors Threaten to Derail Nickel 28’s Positive Momentum Pelham Has No Compelling Case for Change and No Real Plan for Your Investment Nickel 28 Shareholders Vote Your BLUE Proxy Today! TORONTO / May 18, 2023 / Business Wire / Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) announced that it has filed its management information circular (the “Circular”) and related proxy materials in connection with its annual general and special meeting (the “Meeting”) of shareholders scheduled for June 12, 2023 at 10:00 a.m. (Toronto Time). Nickel 28 has also released a letter to shareholders, that along with the proxy materials, details the compelling value creation opportunity available to Nickel 28 shareholders under the continued stewardship of the Company’s five highly qualified nominees for the board of directors (the “Board”) on the BLUE proxy. The letter and proxy materials also detail: The careful positioning of the Company by the Board and management team of Nickel 28 that has created the premier investment vehicle to benefit from the growth and demand for battery metals. Pelham Investment Partners LP’s (“Pelham”) repeated attempts to take-over Nickel 28, and the potentially value destructive consequences to shareholders if they prevail in electing their nominees. Pelham’s poorly qualified nominees for the Board, and its lack of a track record of value creation, relevant experience, and a credible plan for Nickel 28. Nickel 28’s transformational inflection point and the catalysts that can unlock and drive value for the benefit of ALL shareholders. A copy of the letter is available at www.ProtectNKL28.com and has been filed on SEDAR. “The Board and management team of Nickel 28 have worked tirelessly to position and actively manage the Company’s assets which has brought us to a transformational inflection point. With Nickel 28 shareholders poised to capture the multi-year upside opportunity in battery metals, it is unfortunate but not surprising that an opportunistic hedge fund like Pelham has turned up to attempt to short circuit that value realization,” said Philip Williams, Lead Independent Director of Nickel 28. “Our Board and management team collectively own over 21% of our shares, and...