Nickel 28 Announces Results of Annual Meeting
NEWS RELEASE TSX Venture: NKL
FSE: 3JC
NICKEL 28 ANNOUNCES RESULTS OF ANNUAL MEETING
TORONTO, ONTARIO, September 22, 2021 —Nickel 28 Capital Corp. (“Nickel 28” or the “Company”)
(TSXV: NKL) (FSE: 3JC) is pleased to announce today the voting results for the elect ion of its board of
directors, which took place at the Company’s Annual General and Special Meeting held on September 16,
2021 in Toronto, Ontario, Canada. The number of directors was set at four and all of the nominees listed in
the management proxy circular dated August 19, 2021 (the “Circular”) were elected as directors of Nickel
28 at the meeting. Detailed results of the votes are set out below:
Election of Directors Outcome of the Vote
Votes for
(#)
Votes for
(%)
Votes
withheld (#)
Votes
withheld
(%)
Justin Cochrane Elected 12,189,245 94.914% 653,132 5.086%
Anthony Milewski Elected 12,756,226 99.329% 86,151 0.671%
Maurice Swan Elected 12,383,203 96.425% 459,174 3.575%
Philip Williams Elected 12,807,826 99.371% 34,551 0.269%
At the Annual General and Special Meeting, the shareholders of the Company also approved: (i) the re-
appointment of Baker Tilly WM LLP as auditor and authorized the directors to fix their remuneration; and
(ii) on a disinterested basis, authorized the omnibus long-term incentive plan of the Company, all as more
particularly described in the Circular. The voting results on each resolution are set out below:
Set Number of Directors at 4
Outcome of the Vote
Votes for Votes against
Carried 12,773,897 68,480
99.467% 0.533%
Appointment of Auditor
Outcome of the Vote
V o t e s f o r Votes withheld
Carried 20,992,447 4,816
99.977% 0.023%
Approval of Omnibus Long-Term Incentive Plan
Outcome of the Vote *
V o t e s f o r Votes against
Carried 9,386,049 714,488
92.926% 7.074%
* Excluding an aggregate of 2,740,040 common shares voted at the Meeting that are beneficially owned by insiders of the Company
in accordance with the rules of the TSX Venture Exchange.
Omnibus Long-Term Incentive Plan Amendments
In connection with the Meeting, the Company also adopted certai n clarifying amendments to the
Company’s omnibus long-term incentive plan (the “ LTIP”) approved by the board of directors in
accordance with the terms of the LTIP and the authorizing resol ution of shareholders approved at the
Meeting. Specifically, the Company has amended the LTIP to clarify that: (a) any awards granted prior to
becoming an insider of the Company are included in the calculat ion of the insider limitations under the
rules of the TSX Venture Exchange (“ TSXV”) contained in the LTIP; (b) the extension of the expiration
of any awards that would otherwise expire or settle during a bl ackout period is for a maximum of 10 days
following the lifting of the blackout; (c) in the event of a pa rticipant ceasing to be eligible under the LTIP
due to resignation, the maximum allowable extension of expiration of any award by the board of directors
is one (1) year; (d) awards under the LTIP are both non-assignable and non-transferable other than in case
of death (and that the LTIP cannot be amended in this regard wh ile the Company is listed on the TSXV);
and (e) any amendment to add or amend provisions relating to the granting of cash-settled awards, provision
of financial assistance or clawbacks and any amendment to a cas h-settled award, financial assistance or
clawbacks provisions would require shareholder approval.
A copy of the amended LTIP will be made available on the Compan y’s profile on SEDAR at
www.sedar.com and on the Company’s website at www.nickel28.com.
About Nickel 28
Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint-venture interest in the
producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea. Ramu
provides Nickel 28 with significant attributable nickel and cob alt production thereby offering our
shareholders direct exposure to two metals which are critical to the adoption of electric vehicles. In addition,
Nickel 28 manages a portfolio of 13 nickel and cobalt royalties on development and exploration projects in
Canada, Australia and Papua New Guinea.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain information which constitute s ‘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 identi fied 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 and
figures with respect to the operational and financial results; statements with respect to the prospects of
nickel and cobalt in the global electrification of vehicles; st atements related to the repayment of the
Company’s Ramu operating debt; statements related to the production impacts of the Covid-19 pandemic;
and statements with respect to the business and assets of the C ompany and its strategy going forward.
Readers are cautioned not to place u ndue 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 under lying these forward-looking statements
materialize, or should assumptions underlying the forward-looki ng 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 as sume any obligation to update or revise
them to reflect new events or circumstances. The forward-lookin g statements contained in this release are
expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. No securities regulatory authority has either approved or disapproved of the contents of this
news release.
Investor Contact:
Nickel 28 Investor Relations
Tel: 647.846.7765
Email: [email protected]