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Pelham Investment Partners LP Announces Completion of its Tender Offer for Shares of Nickel 28 Capital Corp. and Expresses Disappointment with Management's Actions
Pelham Investment Partners LP Announces Completion of its Tender Offer for Shares of Nickel 28 Ca...
About this update from Nickel 28 Capital Corp
[{"type":"text","content":"\n \n \n \n Pelham Investment Partners LP Announces Completion of its Tender Offer for Shares of Nickel 28 Capital Corp. and Expresses Disappointment with Management's Actions\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n NEW YORK, N.Y.\n \n \n ,\n \n \n April 26, 2023\n \n \n /CNW/ - Pelham Investment Partners LP (\"\n \n Pelham LP\n \n \") announces the expiry of its tender offer for up to 10,000,000 common shares of Nickel 28 Capital Corp. (formerly Conic Metals Corp.) (TSXV: NKL) (\"\n \n Nickel 28\n \n \" or the \"\n \n Company\n \n \"), at a price of\n \n $1.20\n \n per share, payable in cash (the \"\n \n Tender Offer\n \n \"). The Tender Offer expired in accordance with its terms at\n \n 5:00 p.m. (Eastern time)\n \n on\n \n April 25, 2023\n \n (the \"\n \n Expiry Time\n \n \"). In accordance with the terms of the Tender Offer, Pelham LP will complete the purchase of the shares validly tendered to the Tender Offer as at the Expiry Time and not withdrawn within three business days. Following taking-up and paying for the tendered shares, Pelham LP will own and control a total of 9,635,778 shares, representing approximately 10.50% of the total issued and outstanding shares, which will make Pelham LP (to its knowledge), the Company's single largest shareholder.\n \n \n \n Ned Collery\n \n , the managing member of the general partner of Pelham LP, commented: \"I would like to thank the shareholders who tendered shares. As well, we acknowledge the numerous unsolicited expressions of frustration with Company management that we have received. There is no doubt in my mind that the current board and management have lost shareholder support, and any mandate to undertake business on behalf of shareholders. We very much hope for a change in course on the board's part and remain open to dialogue should they seek to re-establish shareholder support and, as the Company's single largest shareholder, we call on them to do so.\"\n \n \n Pelham LP also notes with disappointment the filing by the Company on\n \n April 24, 2023\n \n of ...