Flying Nickel Announces Voting Results from Annual General and Special Meeting
Flying Nickel Announces Voting Results from Annual
General and Special Meeting
VANCOUVER, British Columbia, July 25, 2024 – Flying Nickel Mining Corp. (TSX-V: FLYN;
OTCQB: FLYNF) (the “Company” or “Flying Nickel”) is pleased to announce that shareholders of
the Company (the “ Shareholders”) have overwhelmingly approved the previously announced
arrangement (the “ Arrangement”) involving the Company and Nevada Vanadium Mining Corp.
(“Nevada Vanadium”) at the Company’s annual general and special meeting (the “ Meeting”) held
on July 23, 2024.
The special resolution approving the Arrangement (the “Arrangement Resolution”) was required to
be approved by a majority of votes cast by Shareholders present virtually or represented by proxy at
the Meeting excluding Shareholders described in items (a) through (d) of Section 8.1(2) of Multilateral
Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“Disinterested
Shareholders”).
A total of 69,279,808 common shares of the Company (“ Common Shares ”), representing
approximately 78.67% of votes entitled to be cast at the Meeting, were represented in person and
by proxy at the Meeting. Approximately 94.94% of the votes eligible to be cast by Disinterested
Shareholders were voted in favour of the Arrangement Resolution.
Shareholders of Nevada Vanadium also approved the Arrangement by the requisite majorities at a
meeting of shareholders of Nevada Vanadium held on July 23, 2024. Nevada Vanadium intends to
seek a final order approving the Arrangement from the British Columbia Supreme Court on August
2, 2024 at 9:45 a.m. Closing of the Arrangement remains subject to satisfaction of certain customary
closing conditions, including receipt of final court, stock exchange and regulatory approvals. Subject
to the satisfaction of these closing conditions, the parties currently expect to complete the
Arrangement in August, 2024.
Further details regarding the Arrangement, including the principal closing conditions and the
anticipated benefits for Shareholders, can be found in the joint management information circular of
the Company and Nevada Vanadium dated May 24, 2024 (the “Circular”) in respect of the Meeting,
which can be found under the Company’s SEDAR+ profile at www.sedarplus.ca.
The Company is also pleased to announce that all other resolutions proposed at the Meeting were
duly passed, including the election of directors as follows:
Nominee # Votes For % Votes For # Votes
Withheld
% Votes
Withheld
Greg Hall 33,006,395 97.11% 980,895 2.89%
John Lee 32,862,291 96.69% 1,124,999 3.31%
Masateru Igata 32,901,515 96.80% 1,085,775 3.20%
Nominee # Votes For % Votes For # Votes
Withheld
% Votes
Withheld
Neil Duboff 32,909,475 96.83% 1,077,815 3.17%
Shareholders also voted in favour of the appointment of Mao & Ying LLP as auditors of the Company
until the close of the next annual meeting of shareholders of the Company and approved the
Company’s rolling 10% incentive plan.
About Flying Nickel
Flying Nickel is a nickel sulphide exploration-stage mining company. The Company is advancing its
100% owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada.
Further information on the Company can be found at www.flynickel.com.
FLYING NICKEL MINING CORP.
ON BEHALF OF THE BOARD
John Lee
Chief Executive Officer
For more information about the Company, please contact:
Phone: Phone: 1.877.664.2535 / 1.877.6NICKEL
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-looking Statements and Cautionary Disclaimers
References to $ herein refer to the lawful currency of Canada and references to US$ herein refer to
the lawful currency of the United States.
This press release does not constitute an offer of securities for sale in the United States. The
securities being offered have not been, nor will they be, registered under the United States Securities
Act of 1933, as amended, and such securities may not be offered or sold within the United States
absent U.S. registration or an applicable exemption from U.S. registration requirements.
This press release contains “forward-looking information” within the meaning of applicable Canadian
securities legislation. Generally, forward-looking information can be identified by the use of forward-
looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”,
or variations of such words and phrases or state that certain actions, events or results “may”, “could”,
“would”, “might” or “will be taken”, “occur” or “be achieved”. These forward-looking statements or
information may relate to the final approval of the Arrangement, closing of the Arrangement and the
Company’s ongoing business plan, exploration and work program.
Forward-looking statements are necessarily based upon a number of assumptions that, while
considered reasonable by management of the Company at the time, are inherently subject to
business, market and economic risks, uncertainties and contingencies that may cause actual results,
performance or achievements to be materially different from those expressed or implied by forward-
looking statements. Such assumptions include, but are not limited to, assumptions regarding the
completion of the Arrangement, including receipt of required regulatory, court and stock exchange
approvals, the ability of the Company and Nevada Vanadium to satisfy, in a timely manner, the other
conditions to the closing of the Arrangement, other expectations and assumptions concerning the
Arrangement, and that general business and economic conditions will not change in a material
adverse manner. Although the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking information, there may be
other factors that cause results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking information.
Such statements represent the current views of the Company with respect to future events and are
necessarily based upon a number of assumptions and estimates that, while considered reasonable
by the Company, are inherently subject to significant business, economic, competitive, political and
social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to
the following: inability of the Company and Nevada Vanadium to complete the Arrangement, a
material adverse change in the timing of any completion and the terms and conditions upon which
the Arrangement is completed; inability to satisfy or waive all conditions to closing the Arrangement
as set out in the Arrangement Agreement; the inability of the Company to realize the benefits
anticipated from the Arrangement and the timing to realize such benefits; unanticipated changes in
market price for Common Shares; changes to the Company’s and/or Nevada Vanadium’s current
and future business plans and the strategic alternatives available thereto; treatment of the
Arrangement under applicable laws; regulatory determinations and delays; any impacts of COVID-
19 on the business of the Company and the ability to advance the Company’s projects; stock market
conditions generally; demand, supply and pricing for uranium; and general economic and political
conditions in Canada and other jurisdictions where the applicable party conducts business. Other
factors which could materially affect such forward-looking information are described in the risk factors
in the Circular, the Company’s management’s discussion and analyses and other filings with the
Canadian securities regulators which are available under the Company’s profile on SEDAR+ at
www.sedarplus.ca. The Company does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.