Comet Proposes TWO New Board Members and Will Hold Annual and Special Meeting of Shareholders ON
COMET PROPOSES TWO NEW BOARD
MEMBERS AND WILL HOLD ANNUAL AND
SPECIAL MEETING OF SHAREHOLDERS ON
MAY 28, 2024
Jamie Flegg
and S.
Mitchel Wasel
proposed to join Board of Directors
ROUYN-NORANDA, QC
,
April 30, 2024
/CNW/ - Comet Lithium Corporation (TSXV: CLIC) (FSE:
8QY) ("
Comet Lithium
" or the "
Corporation
") is pleased to announce that the Board of Directors of
the Corporation has confirmed that the annual and special meeting of shareholders of the
Corporation (the "
Meeting
") will be held on Tuesday, May 28, 2024 at
10:00 a.m. (EDT)
at the
Offices of Fasken Martineau DuMoulin LLP, 800 Square-Victoria, Suite 3500,
Montreal
, Québec
H3C 0B4.
The Corporation is also pleased to announce two new nominees for election as directors of the
Corporation at the Meeting. The new nominees for election to the Board of Directors are:
Jamie
Flegg
and
Steven Mitchel (Mitch) Wasel
. The other nominees for election as directors are current
directors of the Corporation, namely,
Vincent Metcalfe
,
Sylvain Champagne
,
Paul Blatter
and
Jordan
William Potts
. Jean-François Madore and Sébastien Bellefleur have indicated to the Board of
Directors that they are not standing for re-election at the upcoming Meeting.
Messrs. Flegg and Wasel are respected business and community leaders and are well known within
the Canadian mining industry. Their collective experiences will greatly enhance the Board of
Directors' technical and financial capabilities. Brief details on the two new nominees are provided
below.
"The Board of Directors acknowledges and appreciates the guidance and contribution of Jean-
François Madore and Sébastien Bellefleur as directors of the Corporation over the last ten years
and extends its best wishes on their retirement from the Board", added
Vincent Metcalfe
, President,
CEO and Chairman of the Board of the Corporation.
Jamie Flegg
is an executive in the metals & mining sector, with in-depth experience in all three facets
of the capital markets: corporate, buy-side and sell-side. Mr. Flegg is currently the founder and
President of Arbourview Consulting Corp., which provides capital markets advisory services with a
focus on metals & mining. Prior to starting Arbourview Corp, Mr. Flegg was Chief Development
Officer at Sigma Lithium, one of the world's largest hard rock lithium producers, overseeing
corporate development and investor relations. Prior to his involvement at Sigma, Mr. Flegg was
Director, Investment Management at Waterton Global, a leading independent private equity platform
focused on the metals & mining sector. At Waterton, Mr. Flegg led deal origination, structuring and
execution from initial investment through to exit. Mr. Flegg began his career in Investment Banking
with Red Cloud Securities, providing M&A and capital raising advisory services to mining companies.
Mr. Flegg is a CFA charterholder and holds an MBA degree and a Bachelor of Science with Honours
degree from Queen's University.
Steve Mitchel (Mitch) Wasel
is a semi retired executive in the metals & mining sector. He is the
former Vice President, Exploration of Golden Star Resources Ltd. ("Golden Star"), a company that
was listed on the Toronto Stock Exchange, the NYSE and the Ghana Stock Exchange, prior to being
acquired by Chifeng Jilong Gold Mining Co. and Kefei Investment (BVI) Limited on
January 28, 2022
pursuant to an arrangement. Mr. Wasel has spent 28 years at Golden Star in various positions of
increasing responsibility. He has been working in mineral exploration and production for over 35
years on three continents. Mr. Wasel has extensive exploration experience on Proterozoic terrains
on both sides of the Atlantic Ocean including the Guyana Shield, Birimian Shield and Archean
terrains in
Northern Canada
and
Brazil
. Over 15 million ounces of gold mineral resources that are
now world-class mining operations have been successfully delineated by Mr. Wasel and his
exploration teams.
The shareholders of record as of
April 23, 2024
will be entitled to vote on the election of directors,
appointment of auditors and approval and ratification of the Corporation's omnibus equity incentive
plan at the Meeting, as more particularly described in the Corporation's management information
circular dated
April 26, 2024
(the "Circular"). A copy of the Circular is available under the Company's
issuer profile on SEDAR+ at
www.sedarplus.ca
and on the Corporation's website. The Circular and
all meeting materials are being mailed to the shareholders.
About Comet Lithium Corporation
Comet Lithium is a dynamic lithium-focused exploration company active in the prolific
James Bay
District of
Quebec
. Comet Lithium's flagship asset is its 100%-owned Liberty property contiguous to
Winsome Resources' Adina deposit, a growing high-grade discovery. Comet Lithium is advancing
Liberty to first-ever drilling.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
the release.
SOURCE
Comet Lithium Corp.
View original content:
http://www.newswire.ca/en/releases/archive/April2024/30/c8277.html
%SEDAR: 00035962E
For further information:
Comet Lithium Corporation, Vincent Metcalfe, Chairman and CEO,
[email protected], +1.514.249.9960, 147 Québec Avenue (back door), Rouyn-Noranda,
Québec, J9X 6M8, Email: [email protected], Website: CometLithium.com
CO: Comet Lithium Corp.
CNW 16:15e 30-APR-24