17:35:13 EDT Sun 21 Apr 2024
Enter Symbol
or Name

Northwest Copper Corp
Symbol NWST
Shares Issued 190,177,280
Close 2023-09-15 C$ 0.16
Market Cap C$ 30,428,365
Recent Sedar Documents

Northwest's application re activists dismissed by BCSC

2023-09-15 09:21 ET - News Release

Mr. Peter Lekich reports


The British Columbia Securities Commission (BCSC) has dismissed Northwest Copper Corp.'s application regarding the conduct of an activist group. Northwest made the application to try to ensure that shareholders had full access to information about the activist group and their alleged joint actor conduct. Northwest is disappointed by the decision and still believes that the activist group's disclosure was inadequate and misleading. While the application may have been dismissed, the behaviour of the activist group nonetheless remains very concerning to the company and its shareholders and in fact may threaten their investment.

The company again thanks shareholders for the strong support it has received already and shareholders' continued rejection of the activist group's self-interested agenda, lack of a plan and inferior nominees. Many shareholders have indicated that they intend to vote for Northwest's seven director nominees. However, Northwest urges all shareholders to vote their blue proxy without delay for Northwest's incumbent board at the coming annual meeting of the company's shareholders. Northwest's board consists of seven highly capable and experienced directors. Over the last 12 months, northwest has refreshed both the board and management team to guide the company's future growth. As previously disclosed, the incumbent board has also been supported by the two leading independent North American proxy advisers -- Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. LLC.

The proxy voting deadline is 10 a.m. Vancouver time on Sept. 22, 2023, or, if the meeting is adjourned or postponed, 48 hours (excluding Saturdays, Sundays or statutory holidays in British Columbia) prior to the time and date to which the meeting is adjourned or postponed. The meeting is scheduled for Sept. 26, 2023, at the offices of Cassels Brock & Blackwell LLP, Suite 2200, HSBC Building, 885 West Georgia St., Vancouver, B.C., V6C 3E8.

Vote blue -- every vote counts

Northwest urges shareholders to vote the blue proxy as recommended by both ISS and Glass Lewis. Shareholders are urged to carefully review the company's letter to shareholders and circular, which can be found on the Protect Northwest website as well as on SEDAR+ and on the company's website.

Vote for Northwest's refreshed board, its strengthened executive team and its strategic action plan designed to advance Northwest's mineral assets without delay.

Instructions to vote blue

Every vote is important. Even if you have never voted before and no matter how many shares you own, becoming a voter is fast and easy. Here is how.

To vote for, vote the blue proxy. Follow the instructions on the blue proxy or VIF (voting instruction form).

Vote on-line:

  • Registered shareholders -- on the Odyssey Trust website;
  • Non-registered shareholders -- on the Proxy Vote website.

Northwest shareholders can contact Kingsdale Advisors by calling 1-888-518-1565 (toll-free in North America), calling or texting 1-647-251-9704 (collect call outside North America), or by e-mail at contactus@kingsdaleadvisors.com; or visit the Protect Northwest website for more information.

Vote blue to protect your investment in Northwest.

We seek Safe Harbor.

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