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Mason Graphite Director and Second Largest Shareholder Fahad Al-Tamimi Reacts to Engagement of Financial Advisor During Contested Meeting Process
Mason Graphite Director and Second Largest Shareholder Fahad Al-Tamimi Reacts to Engageme...
About this update from Transoceanic Investments Inc.
[{"type":"text","content":"\n \n \n \n Mason Graphite Director and Second Largest Shareholder Fahad Al-Tamimi Reacts to Engagement of Financial Advisor During Contested Meeting Process\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 \n Reminds shareholders to vote their\n \n \n \n \n BLUE\n \n \n \n \n \"universal\" proxy in favour of a refreshed board comprised of six highly qualified, competent and committed nominees who will maximize value for\n \n \n all\n \n \n shareholders and to withhold on the election of the four management nominees.\n \n \n \n \n Shareholders representing more than 30% of outstanding Mason Graphite shares have already confirmed their support.\n \n \n \n \n For assistance voting, contact Kingsdale Advisors at 1-866-229-8651 or\n \n \n \n [email protected]\n \n \n .\n \n \n \n To keep current on\n \n \n further developments and for information about how to vote your shares, visit\n \n www.ABetterMasonGraphite.com\n \n \n .\n \n \n \n \n MONTREAL\n \n ,\n \n Dec. 9, 2020\n \n /CNW Telbec/ -\n \n Fahad Al-Tamimi\n \n (\"\n \n Mr. Al-Tamimi\n \n \" or the \"\n \n Concerned Shareholder\n \n \"), a director and the second largest shareholder of Mason Graphite Inc. (TSXV: LLG) (OTCQX: MGPHF) (\"\n \n Mason Graphite\n \n \" or the \"\n \n Company\n \n \") holding approximately 9.92% of the outstanding Mason Graphite shares, wishes to react to the press release issued by the Company on\n \n December 8, 2020\n \n .\n \n \n Mr. Al-Tamimi vehemently disagrees with the Company's decision to needlessly spend shareholders' money to engage a financial advisor mere days before the inevitable change in the Company's leadership. In the context of a contested meeting, there is a fundamental principle that the incumbent directors should manage the business and affairs of the company in the ordinary course, with a view to protecting its interests and assets, and should not pursue drastic actions that can have significant implications for the company, its shareholders and the incoming directors. Mr. Al-Tamimi is profoundly disappointed that Mason Graphite would re...