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Snow Lake ‘corrects the record in response to misinformation’ by dissident group
The Fly

Snow Lake ‘corrects the record in response to misinformation’ by dissident group

Snow Lake Resources corrects the record in response to misinformation perpetuated by the dissident group comprised of Kushkush Investments, M + T K, Delaware IR, Benjamin Abraham Fogelgarn, Nikola Najdoski, Yukor Mipoz, Ozzi, Deerhunter Investments, and Nova Minerals. The company said, "The Dissidents have announced a purported meeting of the Company’s shareholders to take place on December 23, 2022. This meeting is invalid and will not be recognized by the Company. The Dissidents’ improper attempts to hold a shareholders meeting as well as their repeated false statements regarding management compensation and ongoing initiatives at the Company are unfortunate and serve only to mislead the markets to the detriment of shareholders. As explained in the Company’s press release dated December 14, 2022, the annual general and special meeting of the Company’s shareholders is now scheduled for January 17, 2023. The Meeting was postponed by the Company’s board of directors, in accordance with applicable law, as a result of concerns that the integrity of the voting process was at risk given inadequate disclosure from the Dissidents, issues with the manner in which the Dissidents solicited proxies, and a new assessment being conducted by the Australian Securities and Investments Commission with respect to an individual believed by the Company to be a joint actor of the Dissidents. The Company again reaffirms that no meeting of shareholders will take place until January 17, 2023 and that any meeting of shareholders the Dissidents purport to convene prior to that time will be invalid, as will be any business purportedly conducted thereat."

Published first on TheFly

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