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Pelham Investment Partners LP Announces Premium All-Cash Tender Offer to Acquire Common Shares of Nickel 28 Capital Corp. and Addresses Misleading Statements by Management
Pelham Investment Partners LP Announces Premium All-Cash Tender Offer to Acquire Common Shares of...
About this update from Nickel 28 Capital Corp
[{"type":"text","content":"\n \n \n \n Pelham Investment Partners LP Announces Premium All-Cash Tender Offer to Acquire Common Shares of Nickel 28 Capital Corp. and Addresses Misleading Statements by Management\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.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Premium tender offer of\n \n $1.20\n \n per common share in cash for up to 10,000,000 common shares (representing a significant premium of approximately 22% to the closing price of the Company's common shares on the TSXV on\n \n March 20, 2023\n \n , and a 23% premium to the volume-weighted average price of the Company shares on the TSXV for the thirty (30) trading days preceding the announcement of the Tender Offer)\n \n \n Pelham LP's tender offer provides shareholders with liquidity in a stock with limited trading volume and a pattern of poor corporate governance\n \n \n Pelham LP hopes to work with management to ensure effective independent oversight and align compensation with the Company's needs and industry standards\n \n \n Shareholders who have questions with respect to the tender offer should contact Laurel Hill Advisory Group at 1-877-452-7184 or by email at\n \n \n [email protected]\n \n \n and tender offer materials are available at\n \n \n www.nickel28offer.com\n \n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 21, 2023\n \n \n /CNW/ - Pelham Investment Partners LP (\"\n \n Pelham LP\n \n \"), a value-oriented long-term investor in Nickel 28 Capital Corp. (formerly Conic Metals Corp.) (TSXV: NKL) (\"\n \n Nickel 28\n \n \" or the \"\n \n Company\n \n \"), today announced an offer to acquire up to 10,000,000 common shares in the capital of the Company (the \"\n \n Tender Offer\n \n \"), at a price of\n \n $1.20\n \n per common share, payable in cash (the \"\n \n Tender Price\n \n \"). The Tender Price represents a significant premium of approximately 22% to the closing price of the Company's common shares on the TSXV on\n \n March 20, 2023\n \n , being the previous trading day to the date of announcement of the Tender Of...