Boss Power Corp.
TSX VENTURE : BPU

Boss Power Corp.

November 05, 2013 21:13 ET

Majority of Boss Power Board Continues to Recommend Shareholders Vote the YELLOW Proxy

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 5, 2013) - Boss Power Corp. (TSX VENTURE:BPU) ("Boss Power" or the "Company") today announced that a majority of its Directors recommends that shareholders vote YELLOW proxy for five new Boss Power nominees.

As previously disclosed, all three current members of the Boss Power Board unanimously approved a Management Information Circular dated October 22, 2013 in which they agreed not to stand for re-election and to recommend the five new Boss Power nominees. Ron Netolitzky and John Bowles, representing a majority of the current Board, continue to support this recommendation.

Boss Power and Institutional Shareholder Services Inc. ("ISS"), the leading independent proxy advisory firm, have recommended that shareholders vote FOR the Boss Power nominees, who have the necessary skills and experience to move Boss Power forward in the best interest of all Boss Power shareholders. However, shareholders should be aware that director Doug Brooks told Boss Power today that he no longer supports the voting recommendations in Boss Power's Management Information Circular.

"We want to assure shareholders that the majority of the Board has not changed its views over the past 15 days," said Ron Netolitzky, Chairman and Acting CEO of Boss Power. "Boss Power's five nominees are all experienced directors of publicly-traded resource exploration companies and have a track record of success in negotiations, value creation and mineral exploration. In contrast, two of the four Beruschi nominees have no experience in mineral exploration or as directors of publicly-traded companies. The other two have experience that has produced unimpressive outcomes for shareholders."

A contested vote for Boss Power's Board is scheduled to take place at the Company's Annual General and Special Meeting on November 14, 2013. Boss Power urges shareholders to vote the YELLOW proxy and ensure Boss Power receives it prior to the voting deadline of 11:00 PM (Pacific Time) on Tuesday, November 12, 2013.

Boss Power's Letters to Shareholders, Management Information Circular and other proxy materials can be found on Boss Power's website: www.bosspower.ca, as well as under its SEDAR profile. For assistance voting, shareholders should contact Boss Power's Proxy Solicitor, Laurel Hill Advisory Group, at 1-877-452-7184 (Toll-Free in North America) or Collect at 1-416-304-0211, or by email at assistance@laurelhill.com.

On Behalf of the Board of Directors of BOSS POWER CORP.

Ron Netolitzky, Chairman and Acting CEO

THE VOTING DEADLINE IS 11:00 PM (PACIFIC TIME) ON NOVEMBER 12, 2013

Your vote is extremely important to the future of your investment in Boss no matter how many or how few shares you may own. Please discard any proxy or related materials you may have received from the Dissidents and vote using only the enclosed YELLOW voting instruction form FOR each of the Boss director nominees.

Even if you have already voted using the dissident proxy, you have every right to change your vote simply by executing the YELLOW voting instruction form enclosed: it is the later-dated voting instruction form that will be counted. If you have already voted your YELLOW voting instruction form, there is no need to vote again.

To ensure your vote is received in a timely manner, please vote via the internet at www.proxyvote.com or by telephone using the phone number located on your voting instruction form. For assistance voting your YELLOW proxy please contact Boss Power's Proxy Solicitor Laurel Hill Advisory Group. Toll Free at 1-877-452-7184 or collect at 1-416-304-0211 or by e-mail at assistance@laurelhill.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Boss Power Corp.
    Tony Perri
    Investor Relations, Manager
    (604) 688-8115
    (604) 669-2543 (FAX)