PROSPECT RIDGE RESOURCES CONFIRMS ARRANGEMENTS RELATING TO ANNUAL GENERAL MEETING
In This Article:
VANCOUVER, BC, Dec. 12, 2024 /PRNewswire/ - Prospect Ridge Resources Corp. (the "Company" or "Prospect Ridge") (CSE: PRR) (OTC: PRRSF) (FRA: OED) wishes to update shareholders on the impact of the strike by the Canadian Union of Postal Workers on the Company's ability to comply with its obligations to deliver to shareholders its financial statements and related disclosure and proxy-related materials in respect of the Company's Annual General Meeting (the "Meeting") of shareholders scheduled to be held on Friday, December 13, 2024, at 11:00 AM (Pacific Time) at Suite 430, 605 Robson Street, Vancouver, British Columbia.
As a result of the strike, and pursuant to CSA Coordinated Blanket Order 51-931 Temporary Exemption from requirements in National Instrument 51-102 Continuous Disclosure Requirements and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer to send certain proxy-related materials during a postal strike (the "Blanket Order"), the Company is advising shareholders that:
| 1. | At the Meeting, shareholders will be asked to vote on the following matters, all as more particularly described in the Information Circular: | |
| | (i) | to fix the number of directors of the Company at seven; |
| | (ii) | to elect the seven directors of the Company for the ensuing year; |
| | (iii) | to re-appoint the Company's auditor for the ensuing year and to authorize the directors of the Company to fix the remuneration to be paid to the auditor; |
| | (iv) | to re-approve the Company's stock option plan; and |
| | (v) | to transact such other business as may properly be transacted at the Meeting. |
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| 2. | The Company has satisfied all of the conditions to rely, and is relying, on the exemption provided by the Blanket Order from the requirement to send proxy-related materials to its shareholders. | |
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| 3. | Electronic versions of the Notice of Meeting, Information Circular, the form of Proxy (for registered shareholders), and Voting Instruction Form (for non-objecting beneficial owners) and all other proxy-related materials (collectively, the "Proxy Related Materials"), as applicable | |
| | (i) | have been filed and are available on the SEDAR+ website at www.sedarplus.ca under the Company's profile; and |
| | (ii) | are posted in a prominent location on the Company's website at https://prospectridgeresources.com/investors/. |
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| 4. | The Company will also provide copies of the applicable Proxy-Related Materials by email to each shareholder who requests same while the strike is ongoing, at no charge. To do so, Shareholders may contact Meredith Eades at meredith.eades@prospectridgeresources.com or by phone at 604-670-7818 to request that a copy of the Proxy-Related Materials be emailed to you. | |
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| 5. | As the electronic versions of the form of Proxy (for registered shareholders) and Voting Instruction Form (for non-objecting beneficial owners) do not contain control numbers, they cannot be voted online or by phone. These electronic forms must be physically completed, signed, and returned to the Company's transfer agent, Odyssey Trust Company, by: | |
| | (i) | Physical delivery or facsimile (details in the Information Circular); |
| | (ii) | Email to proxy@odysseytrust.com. |
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| 5. | In the alternative: | |
| | (i) | If you are a registered shareholder, you may also contact the Company's Transfer Agent, Odyssey Trust Company, at Direct Dial (all regions): 1-587-885-0960; US & Canada (toll-free): 1-888-290-1175 to verify your identity and obtain instructions and assistance in voting your shares; |
| | (ii) | If you are a beneficial shareholder, who holds their investment through a brokerage house, depository company or other intermediary, you may also attempt to contact such brokerage house, depository company or other intermediary for instructions and assistance in voting your shares. |
The voting deadline for the Company's upcoming Meeting has been extended to two hours prior to the commencement of the Meeting.
