TORONTO, Sept. 17, 2018 (GLOBE NEWSWIRE) -- BELGRAVIA CAPITAL INTERNATIONAL INC. (CSE: BLGV) (OTCQB: BLGVF)
(“Belgravia”) today announced Belgravia fell short in obtaining the necessary votes to replace the current board of Tartisan Nickel
Corp. (CSE:TN) (“Tartisan”).
Mehdi Azodi stated, “Astoundingly, over 83% of the issued shares of Tartisan voted in today’s meeting, which
Belgravia believes is an unprecedented turnout not only for Tartisan, but for any publicly traded junior mining company. Belgravia
remains one of the largest shareholders of Tartisan and intends to use that position to hold management and the board accountable
for their actions and will take such further measures as it may deem necessary to require changes that will increase shareholder
value. We believe that our position as a major shareholder in Tartisan together with the regulatory oversight that was initiated by
our complaints to the Ontario Securities Commission and Canadian Securities Exchange will constitute the catalyst for change.”
In addition, Azodi said, “According to the Management Services Agreement that Belgravia entered into with
Tartisan earlier this year, Tartisan agreed to place one Belgravia nominee on the Tartisan board which was never honored. Now that
the board of directors at Tartisan has decreased from 4 to 3; Mr. Appleby refused to answer any shareholders questions at the
Annual General Meeting; and did not require a representative from the Auditor to attend the meeting to answer questions regarding
the financial statements. It appears that the board and management of Tartisan do not want their actions open to shareholder
scrutiny.”
In conclusion, Azodi said, “As activist shareholders we strive to seek accountability from the companies we
invest in. The lack of communication, poor corporate governance practices and select disclosure by Mr. Appleby are reasons we will
continue to seek changes at Tartisan.”
About Belgravia
Belgravia Capital International Inc. is focused on three core business divisions: Incubator, Investments, and
Royalty & Management Services. The three divisions of Belgravia are high risk business ventures and expose shareholders to
financial risks. The Incubator division provides capital to support the development of early stage companies in the
Biotech/Healthcare, Technology, Resources and Medical sectors. Belgravia Holdings, the Investments division, invests in various
private and public companies with a focus on value. Belgravia Royalty & Management Services has a royalty and fee income model.
Further, the cash and investment asset base provides capital to support expansion on a selective basis.
For more information, please visit www.belgraviacapital.ca.
Additional Information:
Belgravia is relying on the exemption under section 9.2(4) of National Instrument 51-102 – Continuous Disclosure
Obligations ("NI 51-102") to make this public broadcast solicitation. The following information is provided in accordance with
corporate and securities laws applicable to public broadcast solicitations.
For further information contact: Mehdi Azodi 416-779-3268 OR MAZODI@BLGV.CA
