17:15:28 EDT Sun 21 Apr 2024
Enter Symbol
or Name

Northwest Copper Corp
Symbol NWST
Shares Issued 190,177,280
Close 2023-09-21 C$ 0.175
Market Cap C$ 33,281,024
Recent Sedar Documents

Northwest Copper reminds holders of voting deadline

2023-09-21 09:06 ET - News Release

Mr. Peter Lekich reports


With less than 48 hours remaining until the proxy voting deadline, Northwest Copper Corp. is encouraging shareholders to vote for its refreshed board of directors without delay. Every vote is important to ensure that shareholders do not risk their investment to an activist group, whose self-serving agenda could come at the expense of all other shareholders.

Northwest's revamped board -- recommended by two independent proxy advisers -- brings a proven record in successful equity financings, extensive experience in leadership roles within larger minerals companies and specialized expertise in British Columbia copper deposits. The board also possesses the cultural and environmental knowledge necessary for fostering strong relationships and partnerships with first nations and local communities.

Shareholders are reminded that the activist group has had four months to answer genuine concerns, including simple questions about its legitimate plans for the company and how it intends to enhance shareholder value. In the board's view, the reason the activist group cannot articulate a credible plan is because it may be looking to take over the company without paying a premium to all other shareholders.

The activist group declined settlement offers from the board and openly stated its intention to utilize company funds for reimbursing the personal expenses accrued during this proxy battle, which is anticipated to amount to hundreds of thousands of dollars. The activist group also approached two Northwest directors -- chair Terry Lyons and director David Moore -- to join its slate. Both denied the activist group's request due to the lack of plan for the company's future and the potential risk to the investments of all other shareholders.

Northwest remains steadfast in its commitment to acting in the best interests of its shareholders and stakeholders. Board members continue to focus on their fiduciary duties and responsibilities for the betterment of Northwest despite these attempts to disrupt operations.

Vote now (or change your vote) -- protect your investment

Voting, or changing your vote in favour of Northwest nominees, is simple. Call Kingsdale Advisors at 1-888-518-1565 (toll-free in North America), text 1-647-251-9704 (collect call outside North America) or e-mail contactus@kingsdaleadvisors.com for assistance.

To find out why leading independent proxy advisers ISS and Glass Lewis recommend shareholders vote for Northwest nominees, visit the ProtectNWST website. It details why your investment is better protected by voting for Northwest's refreshed board, its strengthened executive team and its strategic action plan designed to advance Northwest's mineral exploration.

Act now -- proxy voting deadline is this Friday, Sept. 22, 2023, at 10 a.m. (Vancouver time)

The proxy voting deadline for the upcoming annual meeting of the company's shareholders is 10 a.m. (Vancouver time) this Friday, 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 W. Georgia St., Vancouver, B.C., V6C 3E8.

Your vote is important -- vote blue now

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 ProtectNWST 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 (voter instruction form).

Vote on-line:

  • Registered shareholders: use the Odyssey Trust website;
  • Non-registered shareholders: use 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 ProtectNWST website for more information.

Vote blue to protect your investment in Northwest.

We seek Safe Harbor.

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