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Tuktu Resources Ltd. Announces Mailing of Management Proxy Materials for Requisitioned Meeting
Calgary, Alberta--(Newsfile Corp. - December 19, 2025) - Tuktu Resources Ltd.  (TSXV: TUK)&...
About this update from Tuktu Resources Ltd
[{"type":"text","content":"Tuktu Resources Ltd. Announces Mailing of Management Proxy Materials for Requisitioned MeetingCalgary, Alberta--(Newsfile Corp. - December 19, 2025) - Tuktu Resources Ltd. (TSXV: TUK) (\"Tuktu\" or the \"Company\"), a junior oil and gas producer based in Calgary, Alberta, announces the mailing of proxy materials pertaining to the special meeting (the \"Meeting\") of the Company's shareholders (\"Shareholders\") in response to a requisition (the \"Requisition\") from certain shareholders (the \"Dissident Group\"), as noted in Tuktu's press releases dated October 23, 2025 and November 10, 2025. The Meeting is scheduled to be held at 10:00 a.m. (Calgary time) on Thursday, January 15, 2026, at 4200, 888 - 3rd Street SW, Calgary, Alberta T2P 5C5. The Requisition was received from the Dissident Group, led by Jim Richardson and including Director and former President and Chief Executive Officer, Tim de Freitas. By this action, the Dissident Group has required Tuktu to call a special meeting of Shareholders to consider the approval of resolutions to consider the following (collectively, the \"Dissident Resolution\") with concurrent effect: (a) the appointment of the following individuals to the Board: Jim Masikewich, Timur Ganiev, Don Hamilton and Tim de Freitas (collectively, the \"Dissident Nominees\"); (b) the removal from the Board of Robert Dales, William Guinan, Natalie Sweet, Kathleen Dixon and Robert Yurchevich; and (c) the fixing of the number of directors of the Corporation at four (4) members. Tuktu's Response to the RequisitionOn November 10, 2025, the Corporation announced that it scheduled the Meeting in response to the Requisition in full compliance with applicable corporate and securities laws, as well as established governance best practices. At the Meeting, Shareholders will be asked to consider the Dissident Resolution and the removal of Tim de Freitas as a member of the Board (the \"Director Removal Resolution\"). Board RecommendationThe Board recommends that Shareholders:Vote AGAINST the Dissident ResolutionVote FOR the Director Removal Resolution to remove Tim de Freitas from the BoardThe Board's recommendations are intended to provide for a cohesive Board of Directors comprised of Kathleen Dixon, Robert Dales, William Guinan, Natalie Sweet and Robert Yurchevich following the Meeting, which will strengthe...