Nickel 28 Responds to Value Destructive, Highly Dilutive, Unsolicited and Non-binding Financing Proposal From Shareholder, Announces New Independent Director
Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) today publicly responds to an unsolicited, non-biding and self-serving proposal received from a shareholder of the Company.
- Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) today publicly responds to an unsolicited, non-biding and self-serving proposal received from a shareholder of the Company.
- Nickel 28 is issuing this news release so that all shareholders are made aware of the Company’s response to these self-serving demands.
- Following review, the Board has unanimously determined that the unsolicited proposal is not value enhancing for the Company or its shareholders, other than for the shareholder making the proposal.
- Nickel 28 is pleased to announce today the appointment of Lance C. Frericks to the Board of Directors, effective immediately.