WHITEHORSE, YK, Dec. 3, 2019 /CNW/ - A special meeting (the
"Meeting") of holders of common shares (the "Common
Shares") of Copper North Mining Corp. ("Copper North")
(TSX-V: COL) has been called for January 29, 2020. The Meeting has been
called by H. Coyne & Sons Ltd., a concerned shareholder of
Copper North (the "Concerned Shareholder"). A Notice
of Special Meeting was filed on Copper North's SEDAR profile (at
www.sedar.com) on November 29, 2019,
confirming a record date of December 5,
2019 and setting out certain other details.
As noted in the news release of Copper North dated November 12, 2019, the Concerned Shareholder
provided a shareholder meeting requisition notice (the
"Requisition") dated November 6,
2019. The Requisition demanded the convening of a special
meeting of shareholders at which meeting shareholders would be
asked to vote on a special resolution to remove all of the
incumbent directors except Ms. Susan
Craig and Mr. Loy Chunpongtong; an ordinary resolution
setting the number of directors of the company at four (4) for the
next year; and electing or appointing Mr. Robert Macdonald and Mr. Dwayne McInnis as directors of the company to
fill the vacancies created by the removal of certain incumbent
directors.
Under the Business Corporations Act (British Columbia), the directors of Copper
North had 21 days after the date on which the Requisition was
received to call a meeting of shareholders to transact the business
stated in the Requisition, failing which the Concerned Shareholder
would be permitted to send notice of a meeting to transact the
business set out in the Requisition. The directors of Copper
North did not call the meeting, nor did they provide any response
to the Requisition. Accordingly, the Concerned Shareholder
called the meeting and provided Notice of the Meeting as set forth
herein.
Information relating to the Concerned Shareholder's new proposed
board nominees is as follows:
Mr. Robert Macdonald
Mr. Macdonald is the Vice President of Geological Services for
the Manex Resource Group of Companies and in such capacity has been
the Vice President Exploration for several publicly listed
companies including Southern Silver Exploration Corporation, Equity
Metals Corporation, Homestake Resource Corporation (formerly Bravo
Gold Corp.) and the Exploration Manager for Valterra Resource
Corporation, Duncastle Gold Corp. and Fortune River Gold
Corporation. Mr. Macdonald has overseen the exploration of
many projects throughout North
America including the discovery and delineation of the
high-grade 1.2 million ounce Homestake Ridge Au-Ag deposit in
northern British Columbia and is
currently advancing Southern Silver's 24 million tonne Cerro Las
Minitas Ag-Pb-Zn project, Durango State, Mexico. Mr.
Macdonald graduated with a B.Sc. (Hons) from Memorial University of Newfoundland in 1990 and
earned a MSc. from the University of British
Columbia in 1999. Prior to joining Manex Group, Mr.
Macdonald worked as a geologist with the British Columbia
Geological Survey and Teck Exploration on projects in Alaska, Peru
and British Columbia.
Mr. Dwayne McInnis
Mr. McInnis is an entrepreneur with 20 years of experience in
the mineral exploration sector with a focus on community
involvement. He was involved in the creation of two (2) joint
venture companies, Tahltan Northern Exploration Services and
Tahltan Drilling Services, which provided exploration services to
clients in Tahltan traditional territory and has aided exploration
companies to secure access agreements throughout British
Columbia. Previous to his involvement in mineral exploration,
Mr. McInnis served as an Environmental Manager in the forest
industry.
Further information will be issued by the Concerned Shareholder
in due course.
If the Concerned Shareholder is successful at the Meeting, the
new board will be comprised of Mr. Robert
Macdonald, Mr. Dwayne
McInnis, Ms. Susan Craig and
Mr. Loy Chunpongtong.
In consultation with the British Columbia Securities Commission,
a copy of this press release is being filed on Copper North's SEDAR
profile on www.sedar.com.
No stock exchange or any securities regulatory body has
reviewed the contents of this news release.
SOURCE H. Coyne & Sons Ltd.