Flying Nickel Announces Voting Results from Annual General and Special Meeting
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) announced that shareholders have overwhelmingly approved the arrangement with Nevada Vanadium Mining Corp. at the annual general and special meeting held on July 23, 2024. The arrangement resolution was approved by 94.94% of eligible votes cast by disinterested shareholders. Nevada Vanadium shareholders also approved the arrangement. The closing is expected in August 2024, subject to final court, stock exchange, and regulatory approvals.
Additionally, all other resolutions proposed at the meeting were passed, including the election of directors Greg Hall, John Lee, Masateru Igata, and Neil Duboff. Shareholders also approved the appointment of Mao & Ying LLP as auditors and the company's rolling 10% incentive plan.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) ha annunciato che gli azionisti hanno ampiamente approvato l'accordo con Nevada Vanadium Mining Corp. durante l'assemblea generale e speciale tenutasi il 23 luglio 2024. La risoluzione sull'accordo è stata approvata dal 94,94% dei voti validi espressi dagli azionisti non interessati. Anche gli azionisti di Nevada Vanadium hanno approvato l'accordo. La chiusura è prevista per agosto 2024, subordinata alle approvazioni finali del tribunale, della borsa valori e delle autorità regolatorie.
Inoltre, tutte le altre risoluzioni proposte durante l'incontro sono state approvate, incluso l'eletto dei direttori Greg Hall, John Lee, Masateru Igata e Neil Duboff. Gli azionisti hanno anche approvato la nomina di Mao & Ying LLP come revisori contabili e il piano di incentivazione del 10% in rolling della società.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) anunció que los accionistas han aprobado abrumadoramente el acuerdo con Nevada Vanadium Mining Corp. en la reunión general y especial celebrada el 23 de julio de 2024. La resolución del acuerdo fue aprobada por el 94,94% de los votos elegibles emitidos por accionistas no interesados. Los accionistas de Nevada Vanadium también aprobaron el acuerdo. Se espera que el cierre ocurra en agosto de 2024, sujeto a las aprobaciones finales del tribunal, de la bolsa de valores y de las entidades reguladoras.
Además, se aprobaron todas las demás resoluciones propuestas en la reunión, incluida la elección de directores Greg Hall, John Lee, Masateru Igata y Neil Duboff. Los accionistas también aprobaron la designación de Mao & Ying LLP como auditores y el plan de incentivos del 10% rodante de la empresa.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF)는 주주들이 2024년 7월 23일 열린 연례 총회 및 특별 회의에서 네바다 바나듐 마이닝 코퍼와의 합의를 압도적으로 승인했다고 발표했습니다. 합의 안건은 이해관계가 없는 주주들이 투표한 94.94%의 찬성 표를 얻어 승인되었습니다. 네바다 바나듐 주주들도 합의를 승인했습니다. 마감은 2024년 8월로 예상되며, 최종 법원, 증권 거래소 및 규제 승인에 따라 다릅니다.
또한 회의에서 제안된 모든 기타 안건도 통과되었으며, 여기에는 이사 선출인 Greg Hall, John Lee, Masateru Igata, Neil Duboff가 포함됩니다. 주주들은 또한 Mao & Ying LLP를 감사인으로 임명하고 회사의 10% 인센티브 계획을 승인했습니다.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) a annoncé que les actionnaires ont approuvé massivement l'arrangement avec Nevada Vanadium Mining Corp. lors de l'assemblée générale annuelle et extraordinaire qui s'est tenue le 23 juillet 2024. La résolution de l'arrangement a été approuvée par 94,94 % des votes éligibles exprimés par des actionnaires sans lien d'intérêt. Les actionnaires de Nevada Vanadium ont également approuvé l'arrangement. La clôture est prévue pour août 2024, sous réserve des approbations finales du tribunal, de la bourse et des autorités réglementaires.
De plus, toutes les autres résolutions proposées lors de la réunion ont été adoptées, y compris l'élection des administrateurs Greg Hall, John Lee, Masateru Igata et Neil Duboff. Les actionnaires ont également approuvé la nomination de Mao & Ying LLP en tant qu'auditeurs et le plan incitatif roulant de 10 % de la société.
Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) gab bekannt, dass die Aktionäre in der am 23. Juli 2024 abgehaltenen Jahreshaupt- und Sonderversammlung das Arrangement überwältigend genehmigt haben, das mit Nevada Vanadium Mining Corp. getroffen wurde. Der Beschluss zum Arrangement wurde von 94,94 % der berechtigten Stimmen genehmigt, die von uninteressierten Aktionären abgegeben wurden. Auch die Aktionäre von Nevada Vanadium haben das Arrangement genehmigt. Der Abschluss wird für August 2024 erwartet, vorbehaltlich der endgültigen Genehmigungen durch das Gericht, die Börse und die Aufsichtsbehörden.
Darüber hinaus wurden alle anderen während der Sitzung vorgeschlagenen Beschlüsse angenommen, einschließlich der Wahl der Direktoren Greg Hall, John Lee, Masateru Igata und Neil Duboff. Die Aktionäre genehmigten außerdem die Ernennung von Mao & Ying LLP als Wirtschaftsprüfer und den rollierenden 10%-Anreizplan des Unternehmens.
- Shareholders overwhelmingly approved the arrangement with Nevada Vanadium Mining Corp. with 94.94% of eligible votes in favor
- All proposed resolutions at the annual general and special meeting were passed, including election of directors and appointment of auditors
- The arrangement is expected to close in August 2024, pending final approvals
- None.
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2024) - Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) (the "Company" or "Flying Nickel") is pleased to announce that shareholders of the Company (the "Shareholders") have overwhelmingly approved the previously announced arrangement (the "Arrangement") involving the Company and Nevada Vanadium Mining Corp. ("Nevada Vanadium") at the Company's annual general and special meeting (the "Meeting") held on July 23, 2024.
The special resolution approving the Arrangement (the "Arrangement Resolution") was required to be approved by a majority of votes cast by Shareholders present virtually or represented by proxy at the Meeting excluding Shareholders described in items (a) through (d) of Section 8.1(2) of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("Disinterested Shareholders").
A total of 69,279,808 common shares of the Company ("Common Shares"), representing approximately
Shareholders of Nevada Vanadium also approved the Arrangement by the requisite majorities at a meeting of shareholders of Nevada Vanadium held on July 23, 2024. Nevada Vanadium intends to seek a final order approving the Arrangement from the British Columbia Supreme Court on August 2, 2024 at 9:45 a.m. Closing of the Arrangement remains subject to satisfaction of certain customary closing conditions, including receipt of final court, stock exchange and regulatory approvals. Subject to the satisfaction of these closing conditions, the parties currently expect to complete the Arrangement in August, 2024.
Further details regarding the Arrangement, including the principal closing conditions and the anticipated benefits for Shareholders, can be found in the joint management information circular of the Company and Nevada Vanadium dated May 24, 2024 (the "Circular") in respect of the Meeting, which can be found under the Company's SEDAR+ profile at www.sedarplus.ca.
The Company is also pleased to announce that all other resolutions proposed at the Meeting were duly passed, including the election of directors as follows:
| Nominee | # Votes For | % Votes For | # Votes Withheld | % Votes Withheld |
| Greg Hall | 33,006,395 | 980,895 | ||
| John Lee | 32,862,291 | 1,124,999 | ||
| Masateru Igata | 32,901,515 | 1,085,775 | ||
| Neil Duboff | 32,909,475 | 1,077,815 |
Shareholders also voted in favour of the appointment of Mao & Ying LLP as auditors of the Company until the close of the next annual meeting of shareholders of the Company and approved the Company's rolling
About Flying Nickel
Flying Nickel is a nickel sulphide exploration-stage mining company. The Company is advancing its
Further information on the Company can be found at www.flynickel.com.
FLYING NICKEL MINING CORP.
ON BEHALF OF THE BOARD
John Lee
Chief Executive Officer
For more information about the Company, please contact:
Phone: Phone: 1.877.664.2535 / 1.877.6NICKEL
Email: info@flynickel.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements and Cautionary Disclaimers
References to $ herein refer to the lawful currency of Canada and references to US$ herein refer to the lawful currency of the United States.
This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These forward-looking statements or information may relate to the final approval of the Arrangement, closing of the Arrangement and the Company's ongoing business plan, exploration and work program.
Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management of the Company at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions regarding the completion of the Arrangement, including receipt of required regulatory, court and stock exchange approvals, the ability of the Company and Nevada Vanadium to satisfy, in a timely manner, the other conditions to the closing of the Arrangement, other expectations and assumptions concerning the Arrangement, and that general business and economic conditions will not change in a material adverse manner. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
Such statements represent the current views of the Company with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: inability of the Company and Nevada Vanadium to complete the Arrangement, a material adverse change in the timing of any completion and the terms and conditions upon which the Arrangement is completed; inability to satisfy or waive all conditions to closing the Arrangement as set out in the Arrangement Agreement; the inability of the Company to realize the benefits anticipated from the Arrangement and the timing to realize such benefits; unanticipated changes in market price for Common Shares; changes to the Company's and/or Nevada Vanadium's current and future business plans and the strategic alternatives available thereto; treatment of the Arrangement under applicable laws; regulatory determinations and delays; any impacts of COVID-19 on the business of the Company and the ability to advance the Company's projects; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions in Canada and other jurisdictions where the applicable party conducts business. Other factors which could materially affect such forward-looking information are described in the risk factors in the Circular, the Company's management's discussion and analyses and other filings with the Canadian securities regulators which are available under the Company's profile on SEDAR+ at www.sedarplus.ca. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217733
FAQ
What was the outcome of Flying Nickel Mining's (FLYNF) annual general and special meeting?
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Who were the directors elected at Flying Nickel Mining's (FLYNF) annual general meeting on July 23, 2024?
What percentage of Flying Nickel Mining (FLYNF) shares were represented at the July 23, 2024 meeting?
