CaNickel Seeks Minority Shareholder Approval for Delisting from TSX Venture Exchange at Upcoming Annual General and Special Meeting; Announces Appointment of New CFO
CaNickel Mining Limited (TSXV: CML) has announced its upcoming Annual General and Special Meeting (AGSM) on June 11, 2025, where minority shareholders will vote on delisting the company from the TSX Venture Exchange. The meeting will also address financial statements, director elections, and auditor appointment.
The delisting vote excludes 14,105,153 shares (37.6%) held by Non-Arm's Length Parties, including King Place Enterprises Limited and Hebei Wenfeng Industrial Group. The company has also appointed James Dai as its new CFO, replacing Jerry Zhang. CEO Shirley Anthony will take on additional duties as Corporate Secretary.
CaNickel Mining Limited (TSXV: CML) ha annunciato la prossima Assemblea Generale Annuale e Straordinaria (AGSM) che si terrà il 11 giugno 2025, durante la quale gli azionisti di minoranza voteranno sulla proposta di delisting della società dal TSX Venture Exchange. Durante l'incontro verranno inoltre trattati i bilanci finanziari, le elezioni dei direttori e la nomina del revisore contabile.
La votazione sul delisting esclude le 14.105.153 azioni (37,6%) detenute da Parti Non Indipendenti, tra cui King Place Enterprises Limited e Hebei Wenfeng Industrial Group. La società ha inoltre nominato James Dai come nuovo CFO, in sostituzione di Jerry Zhang. L'Amministratore Delegato Shirley Anthony assumerà ulteriori responsabilità come Segretario Aziendale.
CaNickel Mining Limited (TSXV: CML) ha anunciado su próxima Junta General Anual y Extraordinaria (AGSM) que se celebrará el 11 de junio de 2025, donde los accionistas minoritarios votarán sobre la exclusión de la empresa del TSX Venture Exchange. La reunión también tratará los estados financieros, la elección de directores y el nombramiento del auditor.
La votación sobre la exclusión no incluye las 14.105.153 acciones (37,6%) en manos de Partes No Independientes, incluyendo King Place Enterprises Limited y Hebei Wenfeng Industrial Group. La empresa también ha nombrado a James Dai como su nuevo CFO, reemplazando a Jerry Zhang. La CEO Shirley Anthony asumirá responsabilidades adicionales como Secretaria Corporativa.
CaNickel Mining Limited (TSXV: CML)은 2025년 6월 11일에 예정된 연례 일반 및 특별 주주총회(AGSM)를 발표했으며, 소수 주주들은 TSX 벤처 거래소에서 회사 상장 폐지 여부에 대해 투표할 예정입니다. 회의에서는 재무제표, 이사 선출, 감사인 임명도 다뤄질 것입니다.
상장 폐지 투표에는 King Place Enterprises Limited와 Hebei Wenfeng Industrial Group을 포함한 비독립 당사자들이 보유한 14,105,153주(37.6%)는 제외됩니다. 회사는 또한 James Dai를 새 CFO로 임명했으며, 기존 CFO Jerry Zhang을 대체합니다. CEO Shirley Anthony는 기업 비서 역할도 추가로 맡게 됩니다.
CaNickel Mining Limited (TSXV : CML) a annoncé sa prochaine Assemblée Générale Annuelle et Extraordinaire (AGSM) qui se tiendra le 11 juin 2025, lors de laquelle les actionnaires minoritaires voteront sur la radiation de la société de la TSX Venture Exchange. La réunion abordera également les états financiers, les élections des administrateurs et la nomination de l’auditeur.
Le vote sur la radiation exclut 14 105 153 actions (37,6%) détenues par des parties non indépendantes, notamment King Place Enterprises Limited et Hebei Wenfeng Industrial Group. La société a également nommé James Dai comme nouveau directeur financier, remplaçant Jerry Zhang. La PDG Shirley Anthony assumera des fonctions supplémentaires en tant que secrétaire corporatif.
CaNickel Mining Limited (TSXV: CML) hat seine bevorstehende ordentliche und außerordentliche Hauptversammlung (AGSM) am 11. Juni 2025 angekündigt, bei der Minderheitsaktionäre über die Delistung des Unternehmens von der TSX Venture Exchange abstimmen werden. Die Versammlung wird außerdem die Finanzberichte, die Wahl der Direktoren und die Bestellung des Wirtschaftsprüfers behandeln.
Die Abstimmung über die Delistung schließt 14.105.153 Aktien (37,6%) aus, die von nicht unabhängigen Parteien gehalten werden, darunter King Place Enterprises Limited und Hebei Wenfeng Industrial Group. Das Unternehmen hat zudem James Dai als neuen CFO ernannt und ersetzt damit Jerry Zhang. CEO Shirley Anthony übernimmt zusätzliche Aufgaben als Unternehmenssekretärin.
- None.
- Company seeking delisting from TSXV, which could reduce stock liquidity and trading options for shareholders
- 37.6% of shares are controlled by major shareholders and insiders, indicating high ownership concentration
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - CaNickel Mining Limited (TSXV: CML) ("CaNickel" or the "Company") announces, further to its press release on April 28, 2025, that the Company will hold an Annual General and Special Meeting ("AGSM") on June 11, 2025, for the following purposes:
to receive and consider the audited financial statements of the Company for its financial year ended December 31, 2024, the report of the auditor thereon and the related management discussion and analysis;
elect directors of the Company for the ensuing year;
to appoint Baker Tilly WM LLP as the auditor of the Company for the ensuing year; and
to consider and, if deemed appropriate, pass an ordinary resolution approved by a majority of the minority shareholders of the Company authorizing the delisting of the Company's common shares from the TSX Venture Exchange ("TSXV") as described in the Management Information Circular that is being mailed to all shareholders as of the record date of May 2, 2025.
With respect to the last item, under TSXV policies, delisting of a listed company when the company does not have an alternative public market requires majority of minority approval, meaning that directors, officers, promoters, and Shareholders holding
Delisting of the Company's shares is conditional upon shareholder approval at the AGSM and final approval of the TSXV. Additional information regarding the Delisting will be disseminated in due course, including the effective date of the Delisting.
New CFO Appointment
The Company has appointed James Dai as its new Chief Financial Officer ("CFO"), effectively immediately. Mr. Dai is a seasoned corporate financial advisor for several private companies since 2015. Previously, he served as Director of DXI Capital from March 2015 to August 2017 and as Director of CaNickel from June 2013 to June 2016. Mr. Dai also served as CFO and Corporate Secretary for CaNickel from December 2014 to June 2016.
Mr. Dai succeeds Jerry Zhang, who has served in the capacity of CFO and Corporate Secretary since August 2016. The Company would like to thank Mr. Zhang for his contributions to the company and wish him continued success in his future endeavours.
Shirley Anthony, Chief Executive Officer of CaNickel, will assume the additional responsibilities of Corporate Secretary, effective immediately.
ABOUT CANICKEL
CaNickel Mining Limited is a Canadian junior mining company that currently owns the Bucko Lake Mine, currently on care and maintenance, near Wabowden, Manitoba. From 2009 to 2012, nearly 450,000 tonnes of mineralized material were mined to produce 6.9 million pounds of nickel before the mine was put on care and maintenance due to low nickel prices.
Further information is available at www.canickel.com or contact:
Shirley Anthony
Chief Executive Officer & Corporate Secretary
Phone: 778-999-2771
CaNickel Mining Limited
Suite 720 – 320 Granville St.
Vancouver, British Columbia Canada V6C 1S9
Neither the 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251181
FAQ
Why is CaNickel Mining (TSXV: CML) seeking to delist from the TSX Venture Exchange?
How many shares of CaNickel Mining (TSXV: CML) will be excluded from the delisting vote?
Who is the new CFO of CaNickel Mining (TSXV: CML)?
When is CaNickel Mining's (TSXV: CML) Annual General and Special Meeting in 2025?
