Business
NorthWest Copper Activist Group Refuses to Address Five Key Shareholder Concerns
Activist Group under scrutiny after NorthWest files application with British Columbia Securities Commission to protect minority shareholders from potential secu
About this update from Northwest Copper Corp.
[{"type":"text","content":" Activist Group under scrutiny after NorthWest files application with British Columbia Securities Commission to protect minority shareholders from potential securities laws violations Shareholders urged to Vote Only the BLUE proxy FOR NorthWest’s nominees to protect their investment in the Company Don’t wait. Deadline is fast approaching. BLUE proxies must be received by the proxy voting deadline of 10:00 a.m. (Vancouver time) on September 15th, 2023 in order to be counted at the Annual Meeting For voting assistance or information, shareholders should contact Kingsdale Advisors, at 1-888-518-1565 (toll-free in North America) or 1-647-251-9704 (collect call outside North America) or [email protected] and visit www.ProtectNWST.com VANCOUVER, British Columbia, Aug. 28, 2023 (GLOBE NEWSWIRE) -- NorthWest Copper Corp. (\"NorthWest\" or the \"Company\") (TSXV:NWST) ) (OTCQX: NWCCF) today warned shareholders that an activist group (the “Activist Group”) has remained silent on key issues, and refuses to address concerns about its plans for NorthWest, its management team and the track record of its nominees. Shareholders are encouraged to read our Management Information Circular (the “Circular”) issued on August 21, 2023. It outlines reasons to support the Board and management team’s strategy for growth at NorthWest. NorthWest’s track record and plan stand in contrast to the Activist Group’s silence on these five key issues: The NWST Board has a clear action plan. The Activist Group’s plan is short on details; The NWST Board has a qualified management team. The Activist Group has no identified management team; The NWST Board and management has relationships with local communities and First Nations, the Activist Group does not; The NWST Board has strong share ownership and relevant experience, the Activist Group’s proposed nominees do not; and The Activist Group is alleged to be working with an OSC-sanctioned investor but has not disclosed this relationship. 1: NorthWest Board’s Clear Value Creation Plan vs. the Activist Group’s Expense Reimbursement Plan Under the guidance of a strong Board and renewed leadership team, NorthWest is uniquely positioned to pursue the right strategic plan: Drill test high potential near surface exploration targets at Kwanika-Stardust and Lorraine.1 Evalua...