Business
NorthWest Copper Provides Update on BC Securities Commission Application Regarding Self-Interested Activists
Continues to urge shareholders to vote on the BLUE proxy for NorthWest’s incumbent Board of seven directors at the upcoming annual meeting of the Company’s shar
About this update from Northwest Copper Corp.
[{"type":"text","content":" Continues to urge shareholders to vote on the BLUE proxy for NorthWest’s incumbent Board of seven directors at the upcoming annual meeting of the Company’s shareholders, as recommended by the two leading independent North American proxy advisors, Institutional Shareholder Services Inc. and Glass Lewis & Co., LLC. 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. 15, 2023 (GLOBE NEWSWIRE) -- NorthWest Copper Corp. (\"NorthWest\" or the \"Company\") (TSXV:NWST) (OTCQX:NWCCF) today announced that the British Columbia Securities Commission (“BCSC”) has dismissed the Company’s application regarding the conduct of an activist group (the “Activist Group”). NorthWest made the application to try to ensure that shareholders had full access to information about the Activist Group and their alleged joint-actor conduct. NorthWest is disappointed by the decision, and still believes that the Activist Group’s disclosure was inadequate and misleading. While the application may have been dismissed, the behaviour of the Activist Group nonetheless remains very concerning to the Company and its shareholders and in fact may threaten their investment. The Company again thanks shareholders for the strong support it has received already and shareholder’s continued rejection of the Activist Group’s self-interested agenda, lack of a plan and inferior nominees. Many shareholders have indicated that they intend to vote FOR NorthWest’s seven Director nominees. However, we urge all shareholders to vote their BLUE proxy without delay for NorthWest’s incumbent Board at the upcoming annual meeting of the Company’s shareholders (the “Meeting”). NorthWest’s Board consists of seven highly capable and experienced directors. Over the last 12 months, NorthWest has refreshed both the Board and management team to guide the Company’s future growth. As previously disclosed, the incumbent Board has also been supported by the two leading independent North American proxy advisors, Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co., LLC. (“Glass Lewis”). The proxy voting deadline is 10:00 a.m. (Vancouver time)...