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Bullboard - Stock Discussion Forum Jaxon Mining Inc JXMNF


Primary Symbol: V.JAX.H

Jaxon Mining Inc. pursues the discoveries of deeper, under cover, commercial scale and high-grade Cu, Au, Ag, polymetallic porphyry epithermal systems. It has seven large-scale porphyry system targets on its controlled Hazelton property, an interconnected network of concessions spanning 730 square kilometers (km2) in the Skeena Arch in northwest British Columbia, Canada. Hazelton Property hosts... see more

TSXV:JAX.H - Post Discussion

Jaxon Mining Inc > This could be interesting....
View:
Post by makemoney55 on Sep 21, 2023 3:55pm

This could be interesting....

 

Jaxon Mining dissident nominates directors; no response

 

2023-09-21 15:29 ET - News Release

 

Mr. Karim Rayani of R7 reports

JAXON MINING CONCERNED SHAREHOLDER

Karim Rayani of R7 Capital Ventures Ltd., in his capacity as a holder of approximately 5 per cent of the issued and outstanding common shares of Jaxon Mining Inc., on Sept. 6, delivered by registered mail a notice to Jaxon's chief executive officer, John King Burn, to nominate four independent directors to Jaxon's board of directors in accordance with Jaxon's advance notice policy.

Jaxon Mining Board of Directors as of the dissemination of this news release, has not formally replied to the notice or advised on Jaxon's position regarding the Concerned Shareholder Nominees. While no Meeting materials have been issued and no proxy is being solicited at this time, the Concerned Shareholder felt it was necessary to address these matters to the market and with fellow Jaxon shareholders. As one of the largest shareholders, the Concerned Shareholder has serious concerns regarding Jaxon's under-performance and governance.

The Concerned Shareholder believes a refreshed Board of Directors comprised of the Concerned Shareholder Nominees, who have the appropriate experience and skill set, will not only enhance the governance of Jaxon but will also be in the best position to, among other things:

dot evaluate, update and provide oversight on management's execution of Jaxon's business strategy;

dot review Jaxon's financial position and provide oversight on cashflow management; and

dot restore shareholder confidence in Jaxon and improve communications with shareholders and other stakeholders, including timely, fulsome disclosure to markets regarding Jaxon in accordance with securities law requirements.

Additional Information The information contained in this press release does not and is not meant to constitute a solicitation of proxies within the meaning of applicable securities laws.

Cordially, Karim Rayani Chairman Chief Executive Officer R7 Capital Ventures Ltd.

© 2023 Canjex Publishing Ltd. All rights reserved.

Comment by MrDales62 on Dec 05, 2023 7:26am
I recently  bailed, one of many I've been dumping. GLTA
Comment by NickCarpathia on Feb 19, 2024 12:21pm
Jax shareholders need to look at what KR has done, in all his companies, NOTHING. No finds, just stakes land near the latest hit, might drill, but certainly dilutes like crazy. Betting his new guy from NY is only on board for money, because three plus years of failures is expensive. I guess the first thing he will do is install himself as CEO, salary, benefits, options, and rollback, then raise ...more  
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