As previously announced, management’s recommended slate of directors was duly elected in accordance with applicable corporate law, however, each of the directors received less than majority support from shareholders at the Meeting. Following due consideration of the application of the Policy to the Meeting, and having taken advice from its legal advisors, the Board has determined that the principles underlying the Policy are engaged and that the Policy will apply with respect to the Meeting. As such, each of the members of the Board has tendered his resignation for consideration in accordance with the Policy. It is the Board’s desire that the process by which the resignations are considered proceed as promptly as practicable in accordance with the Policy. The resignations will be effective if and when accepted and the determination with respect to the acceptance of the resignations will be announced via press release as contemplated by the Policy. The Board does not anticipate that the acceptance of any of the resignations will constitute a “change of control” for purposes of the Company’s employment and consulting agreements. A copy of the Policy is available on the Company’s website at www.nickel28.com.
Given the circumstances, the Board believes that the offers of resignation should be considered in accordance with the principles of the Policy with the benefit of independent perspective and judgment. Accordingly, the Board announced today the appointment of
About Nickel 28
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain information which constitutes “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include, but are not limited to: statements with respect to the application of the Policy to the results of the Meeting, whether the resignations, if accepted, will constitute a “change of control” under the Company’s employment and consulting agreements, the consideration of the resignations submitted by the members of the Board in accordance with the Policy, and the timing and other matters relating thereto. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company’s control. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements.
The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.
Neither the
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