Snow Lake Lithium Receives Shareholder Meeting Requisition

Author's Avatar
Jun 30, 2022

WINNIPEG, MB / ACCESSWIRE / June 29, 2022 / Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (NASDAQ:LITM) ("Snow Lake" or the "Company"), today announced that it has been provided with a shareholder meeting requisition notice (the "Requisition") dated June 8, 2022 from a number of registered shareholders holding, collectively as a group, approximately 5.4%of the issued and outstanding shares in the Company (the "Kimelman Group"). The group includes individuals and entities associated with Avrohom Mordechai (Avi) Kimelman, of St Kilda East, Victoria, Australia, a former director of the Company and former CEO and Director of Quantum Resources, which later changed its name to Nova Minerals Limited (NVA on the ASX). The Requisition requests that the directors of the Company call a meeting of the shareholders of the Company for the purpose of (a) removing all of the directors of the Company; (b) fixing the number of directors at six for the ensuing year; and (c) electing six nominee directors of the Kimelman Group.