Bullboard - Stock Discussion Forum Nickel 28 Capital Corp V.NKL

Alternate Symbol(s): CONXF

Metals & Mining Industrial Metals & Minerals

Nickel 28 Capital Corp. is a Canada-based nickel-cobalt producer through its 8.56% joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea. In addition, the Company manages a portfolio of nickel and cobalt royalties on projects in Canada, Australia and Papua New Guinea, including a 1.75% net smelter return (NSR) royalty in the Dumont nickel project in Quebec and a... see more

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Nickel 28 Capital Corp > The board has resign, how can they appoint?

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Post by ICNick on Jun 16, 2023 10:00pm

The board has resign, how can they appoint?

The press release mentions that each member of the board has tendered his resignation.
I have read somewhere that if a board member resigns, that member cannot vote unless he/she is re-instated as a board member.

How can a new director be appointed by the board if its directors are not allowed to vote because they just resigned?
any thoughts/comments?

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Comment by Talchior on Jun 16, 2023 11:48pm

If they did it vefire the resignation.

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Comment by RodCSp on Jun 17, 2023 6:13pm

? Your post does not make sense !

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Comment by ICNick on Jun 17, 2023 10:21pm

Care to explain?

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Comment by Talchior on Jun 18, 2023 3:45pm

Indeed, I rectified it but seems didn't work. If they did it before the resignation. They could have take action and then resign.

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Comment by ICNick on Jun 18, 2023 6:46pm

Interesting, I wonder if a director who is under "minority vote" is allowed to vote a new board member? thinking about it, perhaps a better solution would be for an interim director who will assess each resignation to be appointed by an independant body, and who would be accepted by NKL28 management and also by Pelham. Otherwise we will always be in this conundrum of "yes of course ...more

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