VANCOUVER, British Columbia, Sept. 25, 2023 (GLOBE NEWSWIRE) — As previously disclosed, NorthWest Copper Corp. (“NorthWest” or the “Company”) (TSX-V: NWST) (OTCQX: NWCCF) will hold its Annual General Meeting of Shareholders (the “AGM”) on September 26, 2023 at 10:00 a.m., at which time there will be an election of the board of directors (the “Board”).
The Company advises that, based on the deposit of proxies by the cut-off time for the AGM, the activist slate of director nominees, represented on the Yellow Proxy, will receive a greater number of shareholder votes than the management nominees, represented on the Blue Proxy. As a result, the activist slate of nominees will be elected directors of the Board at the AGM.
Mr. Terry Lyons, outgoing Chair of the Board, and the departing Board members would like to thank all the shareholders who expressed their vote in favor of management’s nominees during the recent proxy contest and for their support in the past. They would also like to acknowledge the contribution of employees who continued their work during uncertain times and who are committed to the success of the Company.
Because registered shareholders who have not yet voted have the opportunity to do so while attending the AGM, the final results will be confirmed following the meeting.
For further information, please contact:
Peter Lekich, Director Investor Relations
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking statements, including, but not limited to, statements with respect to: the plans and intentions of the activist group of shareholders; and the plans and intentions of the Company. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties and other factors identified in NorthWest’s periodic filings with Canadian securities regulators. Forward-looking information are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking information. Important factors that could cause actual results to differ materially from NorthWest’s expectations include risks associated with the business of NorthWest; risks related to a change in the Board or management of the Company; risks related to reliance on technical information provided by NorthWest; risks related to exploration and potential development of the Company’s mineral properties; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and First Nation groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in NorthWest’s filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca). Forward-looking information is based on estimates and opinions of management at the date the information are made. NorthWest does not undertake any obligation to update forward-looking information except as required by applicable securities laws. Investors should not place undue reliance on forward-looking information.