News:
zenyatta.ca
Zenyatta Ventures Ltd. Mails Information Circular and Strongly Urges shareholders to Vote Using Only their GREEN-COLOURED Proxy;
Thunder Bay, ON
12 April 2018
Zenyatta Ventures Ltd. (“Zenyatta” or “Company”) (TSXV: ZEN) announced today that it has filed a Management Information Circular (“Circular”) on SEDAR in advance of its special meeting of shareholders scheduled for May 11, 2018 (“Meeting”) in Toronto.
The Company is also mailing meeting materials to shareholders of record as of April 5, 2018, and urges shareholders to vote only the GREEN-COLOURED form of proxy. The Meeting was requisitioned by certain shareholders holding in excess of 5% of the issued and outstanding shares of Zenyatta in accordance with the requirements of the Business Corporations Act (Ontario).
The meeting materials include a Letter to Shareholders, a Management Information Circular, and a Form of Proxy. Zenyatta’s meeting materials present just some of the risks to the company that might arise by accepting the requisitioning shareholders’ proposal. Zenyatta urges all shareholders to review the meeting materials carefully and vote only the GREEN-COLOURED form of proxy.
Zenyatta’s Board unanimously recommends that all shareholders vote against the requisitioning shareholders’ plan to control Zenyatta by replacing a majority of the Board with their own nominees. Shareholders are urged to vote only their GREEN-COLOURED form of proxy as follows:
• AGAINST the removal of four of the current Directors of Zenyatta at the Meeting
• WITHOLD the election of the dissidents’ three director nominees at the Meeting
Zenyatta’s meeting materials are available at the company’s profile on SEDAR at www.sedar.com.
Proxies must be delivered to Capital Transfer Agency Inc. not less than 48 hours (excluding Saturday, Sundays and holidays) before the time of the Meeting or any adjournment thereof. In this case, assuming no adjournment, the proxy cut-off time is 9:00 a.m. (Toronto time) on May 9, 2018.
Late instruments of proxy may be accepted or rejected by the Chairman of the Meeting in his discretion, but the Chairman is under no obligation to accept or reject any particular, late instruments of proxy.Should you have any questions about the Meeting please do not hesitate to contact the Company directly at Tel: (807) 346.1660 or Email: info.@zenyatta.ca
To find out more on Zenyatta Ventures Ltd., please visit our website at www.zenyatta.ca. |
