NorthX Nickel Corp. Announces AGSM Results

Rhea-AI Summary

NorthX Nickel Corp. (CSE: NIX) (OTCQB: NXNIF) (FSE: 6YR) announced the results of its Annual General and Special Meeting of Shareholders held on June 25, 2024. Shareholders voted in favor of all business matters, with 12,737,439 common shares (44.75% of outstanding shares) participated. The number of directors was fixed at five, with over 96% support for each re-elected director. Tom Meyer, Simon Marcotte, Brian Penny, Adree DeLazzer, and Christian Kargl-Simard were re-elected. BDO Canada LLP was reappointed as the auditor with 99.72% approval, and the Omnibus Equity Incentive Compensation Plan was approved with 97.07% support.

Positive

• Shareholders voted in favor of all business matters, indicating strong support.
• High approval ratings for directors, with over 96% votes in favor.
• Reappointment of BDO Canada LLP as auditors with 99.72% approval.
• Approval of the Omnibus Equity Incentive Compensation Plan with 97.07% support.

Negative

• Participation was only 44.75% of the outstanding shares, which is relatively low.

Vancouver, British Columbia--(Newsfile Corp. - June 25, 2024) - NorthX Nickel Corp. (CSE: NIX) (OTCQB: NXNIF) (FSE: 6YR) (the "Company" or "NorthX") is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the "Meeting"), held on June 25, 2024.

Shareholders voted in favour of all matters of business considered at the Meeting. Each of those matters is set out in detail in the Management Information Circular published in connection with the Meeting, which is available on the Company's website www.northxnickel.com.

A total of 12,737,439 common shares, representing approximately 44.75% of the Company's outstanding common shares, were voted in person and by proxy at the Meeting.

Shareholders approved the fixing of the number of directors at five (5) (99.47% in favour) and re-elected the following directors pursuant to a vote. The following is the tabulation of proxy votes in the election of the five directors:

Nominee	Votes For	% For	Votes Withheld	% Withheld
Tom Meyer	12,037,486	96.57	427,693	3.43
Simon Marcotte	12,037,349	96.57	427,830	3.43
Brian Penny	12,229,354	98.11	235,825	1.89
Adree DeLazzer	12,423,844	99.67	41,335	0.33
Christian Kargl-Simard	12,239,653	98.19	225,526	1.81

 

Shareholders also voted 99.72% in favour of the appointment of BDO Canada LLP, Chartered Professional Accountants, as the auditor of the Company for the ensuing year and authorizing the directors to fix the auditor's remuneration.

In addition, the Omnibus Equity Incentive Compensation Plan was approved (97.07% in favour).

About NorthX Nickel

NorthX is a Canadian Ni-Cu-Co-PGE focused exploration and development company with an extensive portfolio of assets in Quebec and Ontario, Canada. The Company's flagship asset is the Grasset Project, located within the Abitibi Greenstone Belt, with an indicated mineral resource of 5.5 Mt @ 1.53% NiEq (such NiEq grade being established based on: 1.22% Ni, 0.13% Cu, 0.03% Co, 0.26 g/t Pt, 0.64 g/t Pd). In addition, the Company holds a portfolio of 37 properties and over 300 km² in the world-class mining district of Sudbury, Ontario.

The Company's growth strategy is focused on the exploration and development of its nickel sulphide properties within its portfolio. NorthX's vision is to be a responsible nickel sulphide developer in stable pro-mining jurisdictions. NorthX is committed to socially responsible exploration and development, working safely, ethically, and with integrity. For more information, please visit www.northxnickel.com.

For Information

Tom Meyer

President & Chief Executive Officer
Tel: +1 866 899 7247
Email: tom@northxnickel.com

Neither the Canadian Securities Exchange nor its regulation services accept responsibility for the adequacy or accuracy of this release

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214412

FAQ

What were the voting results of the NXNIF Annual General and Special Meeting on June 25, 2024?

Shareholders voted in favor of all matters, re-electing five directors, reappointing BDO Canada LLP as auditors, and approving the Omnibus Equity Incentive Compensation Plan.

How many shares were voted at the NorthX Nickel Corp. meeting?

A total of 12,737,439 shares, representing 44.75% of the outstanding shares, were voted.

Who were re-elected as directors in NorthX Nickel Corp's Annual General Meeting?

Tom Meyer, Simon Marcotte, Brian Penny, Adree DeLazzer, and Christian Kargl-Simard were re-elected.

What percentage of votes were cast in favor of the Omnibus Equity Incentive Compensation Plan for NXNIF?

The Omnibus Equity Incentive Compensation Plan was approved with 97.07% votes in favor.

Who was appointed as the auditor for NorthX Nickel Corp. for the ensuing year?

BDO Canada LLP was reappointed as the auditor with 99.72% approval.