Nickel 28 Capital Corp. announces that it has received notice from Pelham Investment Partners LP of its intention to nominate five individuals for election as directors at the Company's upcoming annual general and special meeting of shareholders scheduled for June 12, 2023. The nominees identified by the Nominating Shareholder are Edward Collery, Daniel Burns, Marilyn Spink, David Whittle, and Ross B. Levin. Nickel 28's [...]
Pelham Investment Partners LP has today filed a notice with Nickel 28 Capital Corp. for the nomination of five highly-experienced and independent directors to be elected to the board of directors of Nickel 28 at the upcoming annual general and special meeting to be held on June 12, 2023 . As of the record date for the Meeting, being April 24, 2023, Pelham LP beneficially owned, or controlled or directed, directly or [...]
Nickel 28 Capital Corp. is pleased to provide operational results for the quarter ending March 31, 2023 for the Company's largest asset, the Ramu Nickel-Cobalt integrated operation in Papua New Guinea , as well as an update on its shareholder engagement efforts. Q1 2023 Ramu Highlights Nickel 28 currently holds an 8.56% joint-venture interest in Ramu, which is operated by Metallurgical Corporation of China. In respect of [...]
Pelham Investment Partners LP announces the expiry of its tender offer for up to 10,000,000 common shares of Nickel 28 Capital Corp. , at a price of $1.20 per share, payable in cash . The Tender Offer expired in accordance with its terms at 5:00 p.m. on April 25, 2023 . In accordance with the terms of the Tender Offer, Pelham LP will complete the purchase of the shares validly tendered to the Tender Offer as at the Expiry [...]
The board of directors of Nickel 28 Capital Corp. continues to urge Nickel 28 shareholders to REJECT the unsolicited "mini-tender" offer announced on March 21, 2023 by Pelham Investment Partners LP . Pelham's Scheme is a coercive vote-buying ploy designed to create uncertainty in the market. Pelham is trying to gain influence over Nickel 28 for virtually no premium at the expense of Nickel 28's other shareholders in order [...]
Premium tender offer for up to 10,000,000 common shares at $1.20 per common share in cash trading days preceding the announcement of the Tender Offer) Pelham LP's tender offer provides shareholders the opportunity to realize liquidity in a stock with limited trading volume and a pattern of poor corporate governance The deadline to tender your shares is 5:00 p.m. on April 25, 2023 Shareholders who have questions with [...]
Nickel 28 Capital Corp. is pleased to announce the pending receipt of its largest ever cash distribution of approximately US$9.7 million from the Ramu joint venture and the proposed resumption of its normal course issuer bid to repurchase its common shares. Nickel 28 has received confirmation of a cash distribution for H2 2022 operating performance of approximately US$9.7 million in respect of its 8.56% joint-venture [...]
Nickel 28 Capital Corp. today announced that the Board of Directors of the Company , on the recommendation of the special committee of the independent directors of the Board, has approved the adoption of a shareholder rights plan pursuant to a shareholder rights plan agreement entered into with TSX Trust Company, as Rights Agent, dated April 11, 2023 . The Pelham Scheme Nickel 28 previously recommended that Nickel 28 [...]
Nickel 28 Capital Corp. today announced that its board of directors and a newly formed special committee of the independent directors of the Board , supported by their financial and legal advisors, unanimously recommended that Nickel 28 shareholders REJECT the unsolicited "mini-tender" offer announced on March 21, 2023 by Pelham Investment Partners LP and NOT TENDER their shares. The Board and the Special Committee [...]
Nickel 28 Capital Corp. today issued the following statement in response to a shareholder's renewed effort to build a significant position at the expense of other shareholders' interests through a significantly undervalued mini-tender offer. Nickel 28 urges its shareholders to take no action in response to this shareholder's "mini-tender" at this time, and not to tender their shares and give away their voting rights to [...]
TO: Shareholders of Nickel 28 Capital Corp.Nickel 28 Capital Corp. Pelham Investment Partners LP hereby offers to purchase up to an aggregate of 10,000,000 common shares of Nickel 28 Capital Corp. , including any Common Shares that may become issued and outstanding upon exercise, exchange or conversion of convertible securities after the date of the Tender Offer but before the Expiry Time , upon the terms and subject to [...]
Premium tender offer of $1.20 per common share in cash for up to 10,000,000 common shares trading days preceding the announcement of the Tender Offer) Pelham LP's tender offer provides shareholders with liquidity in a stock with limited trading volume and a pattern of poor corporate governance Pelham LP hopes to work with management to ensure effective independent oversight and align compensation with the Company's needs [...]
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