Jamie Flegg and
S. Mitchel Wasel proposed to join
Board of Directors
ROUYN-NORANDA, QC, April 30,
2024 /CNW/ - Comet Lithium Corporation (TSXV: CLIC)
(FSE: 8QY) ("Comet Lithium" or the "Corporation") is
pleased to announce that the Board of Directors of the Corporation
has confirmed that the annual and special meeting of shareholders
of the Corporation (the "Meeting") will be held on Tuesday,
May 28, 2024 at 10:00 a.m.
(EDT) at the Offices of Fasken Martineau DuMoulin LLP, 800
Square-Victoria, Suite 3500, Montreal, Québec H3C 0B4.
The Corporation is also pleased to announce two new nominees for
election as directors of the Corporation at the Meeting. The new
nominees for election to the Board of Directors are: Jamie Flegg and Steven
Mitchel (Mitch) Wasel. The other nominees for election as
directors are current directors of the Corporation, namely,
Vincent Metcalfe, Sylvain Champagne, Paul
Blatter and Jordan William
Potts. Jean-François Madore and Sébastien Bellefleur have
indicated to the Board of Directors that they are not standing for
re-election at the upcoming Meeting.
Messrs. Flegg and Wasel are respected business and community
leaders and are well known within the Canadian mining industry.
Their collective experiences will greatly enhance the Board of
Directors' technical and financial capabilities. Brief details on
the two new nominees are provided below.
"The Board of Directors acknowledges and appreciates the
guidance and contribution of Jean-François Madore and Sébastien
Bellefleur as directors of the Corporation over the last ten years
and extends its best wishes on their retirement from the Board",
added Vincent Metcalfe, President,
CEO and Chairman of the Board of the Corporation.
Jamie Flegg is an executive in
the metals & mining sector, with in-depth experience in all
three facets of the capital markets: corporate, buy-side and
sell-side. Mr. Flegg is currently the founder and President
of Arbourview Consulting Corp., which provides capital markets
advisory services with a focus on metals & mining. Prior to
starting Arbourview Corp, Mr. Flegg was Chief Development
Officer at Sigma Lithium, one of the world's largest hard rock
lithium producers, overseeing corporate development and investor
relations. Prior to his involvement at Sigma, Mr. Flegg was
Director, Investment Management at Waterton Global, a leading
independent private equity platform focused on the metals &
mining sector. At Waterton, Mr. Flegg led deal origination,
structuring and execution from initial investment through to exit.
Mr. Flegg began his career in Investment Banking with Red Cloud
Securities, providing M&A and capital raising advisory services
to mining companies. Mr. Flegg is a CFA charterholder and holds an
MBA degree and a Bachelor of Science with Honours degree from
Queen's University.
Steve Mitchel (Mitch) Wasel is a
semi retired executive in the metals & mining sector. He is the
former Vice President, Exploration of Golden Star Resources Ltd.
("Golden Star"), a company that was listed on the Toronto Stock
Exchange, the NYSE and the Ghana Stock Exchange, prior to being
acquired by Chifeng Jilong Gold Mining Co. and Kefei Investment
(BVI) Limited on January 28, 2022
pursuant to an arrangement. Mr. Wasel has spent 28 years at Golden
Star in various positions of increasing responsibility. He has been
working in mineral exploration and production for over 35 years on
three continents. Mr. Wasel has extensive exploration experience on
Proterozoic terrains on both sides of the Atlantic Ocean including
the Guyana Shield, Birimian Shield and Archean terrains in
Northern Canada and Brazil. Over 15 million ounces of gold mineral
resources that are now world-class mining operations have been
successfully delineated by Mr. Wasel and his exploration teams.
The shareholders of record as of April
23, 2024 will be entitled to vote on the election of
directors, appointment of auditors and approval and ratification of
the Corporation's omnibus equity incentive plan at the Meeting, as
more particularly described in the Corporation's management
information circular dated April 26,
2024 (the "Circular"). A copy of the Circular is available
under the Company's issuer profile on SEDAR+ at www.sedarplus.ca
and on the Corporation's website. The Circular and all
meeting materials are being mailed to the shareholders.
About Comet Lithium
Corporation
Comet Lithium is a dynamic lithium-focused exploration company
active in the prolific James Bay
District of Quebec. Comet
Lithium's flagship asset is its 100%-owned Liberty property
contiguous to Winsome Resources' Adina deposit, a growing
high-grade discovery. Comet Lithium is advancing Liberty to
first-ever drilling.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the release.
SOURCE Comet Lithium Corp.