RE:RE:Here we go again....Found it:
Good action by Mr Borch whoever he is.
Cascadero dissident demands EGM to replace directors
2020-08-26 09:58 ET - News Release
Mr. Nelson Borch reports
EXTRAORDINARY GENERAL MEETING REQUISITIONED TO REPLACE MEMBERS OF THE BOARD OF DIRECTORS OF CASCADERO COPPER
Nelson G. D. Borch, a concerned shareholder, being the registered holder of not less than 5 per cent of the outstanding common shares of Cascadero Copper Corp., has requisitioned by e-mail on Aug. 21 an extraordinary general meeting (EGM) of the company. The lawyer company acknowledged receipt of the requisition on Aug. 25, 2020.
The purpose of the EGM will be to consider the following resolutions:
- Increase the number of directors to five;
- Remove all of the existing directors with the exception of Christopher Ecclestone and Lorne Harder, namely George Gale and Greg Andrews;
- Elect a slate of proposed directors, including Mr. Ecclestone (currently a director), Ms. Harder (currently a director), Bill Radvak, Simon Grant Rennick and Simon Hobson. Mr. Radvak, Mr. Hobson and Mr. Rennick are all mining engineers.
These changes are urgent and necessary as Mr. Ecclestone resigned very recently as chief executive officer due to the current board of directors refusing to break with historic poor corporate governance and self-serving actions by some of the existing directors.
Cascadero has long been run as a quasi-private family fiefdom which continues despite the board changes made in late June this year. The goal of the proposed team is to bring purely professional non-conflicted board members to the company that will focus on maximizing value for Cascadero shareholders, consider all reasonable offers for major transactions and realistically advance those assets that are in the best position to be developed.