Dear Fellow Shareholder,
As many of you know, Formation Metals has recently been challenged by a Dissident Shareholder regarding the recently announced proposed sale of the Company’s precious metals refinery and has sought to obtain injunctions restraining the Company and the buyer from proceeding with the sale of the refinery, and in addition, has commenced proceedings against the directors of the Company based on unfounded allegations of breach of fiduciary duty.
Formation considers these allegations without merit, and that this is designed to disrupt the business of the Company for collateral purposes related to the Dissident’s announced intention to contest the election of directors at the upcoming Annual General and Special Meeting of the Company on June 21, 2013. The claims are being vigorously opposed.
The Dissident’s only vision forward is to conduct a review of the Company’s operations.
The deadline for voting your proxies is 10:00 A.M. Pacific Time, tomorrow, Wednesday, June 19, 2013.
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We need your vote to maintain Formation’s vision of becoming North America’s sole producer of high purity cobalt.
Formation Metals Inc.