Nickel 28 Announces Results of Shareholder Meeting and Provides Board Update
NEWS RELEASE TSX VENTURE: NKL
FSE: 3JC0
NICKEL 28 ANNOUNCES RESULTS OF SHAREHOLDER MEETING
AND PROVIDES BOARD UPDATE
TORONTO, ONTARIO, June 12, 2023 – Nickel 28 Capital Corp. ( “Nickel 28 ” or the
“Company”) (TSXV: NKL) (FSE: 3JC0) announces the results of its annual general and special
meeting of shareholders held on June 12, 2023 (the “Meeting”). At the Meeting, all incumbent
directors were duly re-elected as directors of Nickel 28. All other items put forward for
consideration at the Meeting were also approved, including confirmation of the shareholder rights
plan. In light of the fact that each of the directors received less than majority support at the Meeting,
the Board of Directors (the “ Board”) is considering the application of the Company’s majority
voting policy (the “Policy”) with respect to the Meeting and a further update will be provided
promptly following the Board’s determination. A copy of the Policy is available on the Company’s
website at www.nickel28.com.
Detailed results of the votes at the Meeting are set out below:
Election of
Directors
Outcome of
the V ote
V otes for
(#)
V otes for
(%)
V otes withheld
(#)
V otes withheld
(%)
Anthony Milewski
Justin Cochrane
Maurice Swan
Philip Williams
Lance C. Frericks
Elected
Elected
Elected
Elected
Elected
26,450,735
27,019,685
26,395,086
26,381,532
25,996,748
41.56%
42.29%
41.54%
41.52%
41.20%
37,189,950
36,868,375
37,145,599
37,157,253
37,107,292
58.44%
57.71%
58.46%
58.48%
58.80%
At the Meeting, the shareholders of the Company also approved: (i) the reappointment of Baker
Tilly WM LLP, Chartered Professional Accountants, as auditor of the Company for the ensuing
year and to authorize the Board to fix their remuneration; and (ii) an ordinary resolution, with or
without amendment, the full text of which is set out in the Circular, confirming, ratifying and
approving the shareholder rights plan of the Company. The voting results on each resolution are
set out below:
Reappointment of Auditor
Outcome of the V ote
V otes for V otes against
Carried 62,136,682
97.03%
1,899,278
2.97%
Approval of Shareholder Rights Plan
Outcome of the V ote
V otes for V otes against
Carried 61,129,323
95.46%
2,906,637
4.54%
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 cobalt 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 10 nickel and cobalt royalties on
development, pre-feasibility and exploration projects in Canada, Australia and Papua New Guinea.
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 suc h 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 and 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. Sh ould 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 TSX Venture Exchange nor its Regulation Services Provider (as that ter m 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:
Justin Cochrane, President
Tel: + 1 289 314 4766
Email: [email protected]
Kingsdale Advisors
Tel: 1-888-518-1557 or 416-867-2272
Email: [email protected]
Media:
Gagnier Communications
Riyaz Lalani & Dan Gagnier
Tel: +1 416 305 1459
Email: [email protected]