VANCOUVER, BC, Jan. 28, 2022 /CNW/ - Makara Mining Corp. (CSE: MAKA) (FSE: MK0) (OTC: MAKAF) ("Makara" or the "Company") today issued the following letter to shareholders.
Dear Shareholders
By now you should have received the form of Proxy and the Notice and Information Circular for the Requisitioned Special Meeting of Makara shareholders.
Despite these being difficult times to raise money for mineral exploration, the experienced exploration and mining team that currently leads Makara has a clear vision for creating value for shareholders. This vision includes the need for further exploration work on the geologically significant properties within the centre area of the emerging porphyry copper gold belt in the Dawson range of the Yukon.
Our exploration funding efforts have been severely hampered and undermined by a group of shareholders that have requisitioned this special meeting with the intent of replacing the majority of the experienced directors with their own hand-picked nominees. We believe that these dissidents, who each have nominal or no investment in Makara, are attempting to take over the company and its valuable assets without paying fair value to shareholders.
Under the current leadership team, the Company:
In contrast, the dissidents have not presented a clear plan for the future advancement of the Company and have not presented any candidates to replace Messrs. Hendrickson and von Kursell as officers of the Company.
Shareholders should be concerned about the dissidents and their future, undeclared plans for the Company.
The senior mining management team at Makara hopes that you will continue to support the current management team as we work toward significant well financed exploration work in the Yukon by voting:
Please don't hesitate to contact me directly if you would like to discuss further by phone at 1-250-208-4364 or by email at [email protected]
Sincerely,
"Grant Hendrickson"
Grant Hendrickson
Chief Executive Officer
The deadline to submit your proxy is 10:00 a.m. (Vancouver time) on February 4, 2022.
If you have already voted using another proxy, you may vote again using the enclosed form of Proxy or Voting Instruction Form. Only the Proxy bearing the later date will count as it supersedes any previously given proxy.
If you have any questions or require assistance with voting your shares, please contact Carson Proxy Advisors at North American Toll Free Phone 1-800-530-5189 (Collect outside North America 1-416-751-2066) or Email: [email protected]
About Makara Mining Corp.
Makara Mining Corp. is a mineral exploration company focused on the acquisition, exploration and development of gold properties. The Company is based in Vancouver, B.C. and holds options over the Rude Creek Property and Idaho Creek Property located in the Yukon. Additional information about the Company is available at www.makaramining.com.
Cautionary Note Regarding Forward-Looking Statements. This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, and statements respecting the Company's intention to complete the Private Placement, the intended terms and effect thereof and the intended use of proceeds therefrom are "forward looking statements". Forward looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward information looking statements. The forward looking statements and contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy of accuracy of this news release.
SOURCE Makara Mining Corp.
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