Nickel 28 -Majority voting policyBased on a copy and paste below of the Majority voting policy of NKL28, it appears to me that the only board member left is the new director appointed by the company.
Question 1- How could the board appoint a new director if all the other directors resigned?
Question 2- this new director will decide to accept or not each individual director's resignation. Who will provide all relevant info and documents to this new director?
Question 3- Could we get an understanding and /or clarification from Nickel 28 Chairman and Ned from Pelham about the process and time frame?
"The Board must promptly accept the resignation unless it determines, in consultation with the Committee, that there are exceptional circumstances that should delay the acceptance of the resignation or justify rejecting it. The Board shall, after considering the factors identified by the Committee and any other factors that the Board considers relevant, make its decision and announce such decision through a press release within 90 days following the applicable shareholders meeting. A copy of the press release shall be concurrently delivered to the Toronto Stock Exchange or TSX Venture Exchange, as applicable. If the Board declines to accept the resignation, it should fully state the reasons for its decision in the press release. The resignation of a director will be effective when accepted by the Board."