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NorthWest Copper Announces That a Second Leading Proxy Advisor Recommends Full Support for the Company’s Board Nominees
Glass Lewis says shareholders should “refrain from supporting the Dissident nominees” consistent with ISS’s previous comments which said the activist nominees “
About this update from Northwest Copper Corp.
[{"type":"text","content":" Glass Lewis says shareholders should “refrain from supporting the Dissident nominees” consistent with ISS’s previous comments which said the activist nominees “do not appear to provide skills or experience that would augment the incumbent board” Don’t Delay! Deadline is fast approaching. Your vote on the Blue proxy is important to protect your investment in NorthWest For voting assistance or information, shareholders can contact Kingsdale Advisors, at 1-888-518-1565 (toll-free in North America), 1-647-251-9704 (collect call outside North America), email [email protected], or visit www.ProtectNWST.com VANCOUVER, British Columbia, Sept. 12, 2023 (GLOBE NEWSWIRE) -- NorthWest Copper Corp. (\"NorthWest\" or the \"Company\") (TSXV:NWST) (OTCQX: NWCCF) today announced that it has received full support for NorthWest’s slate of seven director nominees on the BLUE proxy from a second leading proxy advisor, Glass Lewis & Co., LLC (“Glass Lewis”). This follows a previously disclosed supporting recommendation from Institutional Shareholder Services Inc. (“ISS”). Glass Lewis has more than 1,300 clients, including the majority of the world’s largest pension plans, mutual funds and asset managers, who collectively manage more than $40 trillion in assets. In a detailed, 16-page report, based on a review of both sides, Glass Lewis recommended that its subscribers vote FOR the incumbent Board and all management proposals. Among other things, Glass Lewis stated: “…we do not believe the Dissident has sufficiently justified the election of his nominees and find inadequate cause to conclude the Dissident candidates are better suited to serve on the Company’s board, particularly given what we consider to be a fairly limited alternative plan for NWST. Given these considerations, we believe shareholders should refrain from supporting the Dissident nominees at this time.” As previously announced, ISS in its report, stated, “The members of the incumbent board and management have an established track record of completing equity financings and have held executive and board roles at minerals companies much larger than NWST.” ISS also stated, “Measured & Indicated and Inferred resources have both grown significantly since the merger between Sun Metals Corp. and Serengeti Resources Inc. on March 5, 2021. The company's post-merger total s...