Prospect Ridge Resources Addresses Shareholder Meeting Amid Postal Strike Challenges

Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) (FRA: OED) has recently communicated important updates regarding its upcoming Annual General Meeting (AGM) amid the disruption caused by the strike initiated by the Canadian Union of Postal Workers. This situation has implications for the company's ability to distribute financial statements and requisite disclosures to its shareholders in preparation for the AGM, which is set to take place on December 13, 2024, at 11 AM Pacific Time in Vancouver, British Columbia.

With the strike affecting communication logistics, Prospect Ridge is relying on a specially coordinated CSA Blanket Order which offers a temporary exemption from the usual requirements for sending out proxy-related documents during postal strikes. The company wants to ensure that all shareholders are aware of key voting matters, as detailed in the official Information Circular. The primary agenda items for the meeting include:

1. Director Appointments: Vote to determine the number of directors, proposed to be fixed at seven, and the election of these directors for the following year.
2. Auditor Reappointment: Re-appointing the current auditor and authorizing the board to set the auditor’s remuneration for the upcoming year.
3. Stock Option Plan: Re-approval of the existing stock option plan.
4. Other Business: Any additional business matters that may be validly addressed during the meeting.

In light of the postal strike, Prospect Ridge has taken steps to ensure that all necessary materials are available in digital format. They have filed electronic versions of the Notice of Meeting and other related documents on the SEDAR+ website and have also posted these on their investor page for easy access. For shareholders preferring physical copies, the company is offering to email these documents at no charge upon request.

Moreover, it is important for shareholders to note that electronic proxy forms cannot be voted on online or via phone, as they do not contain control numbers. Thus, registered shareholders must complete and return these forms physically or via fax to the transfer agent, Odyssey Trust Company. They can also opt to send them through email.

For beneficial shareholders who use brokerage services, it is advisable to seek instructions from their broker or intermediary regarding how to vote their shares. To assist shareholders during this transitional period, the voting deadline has been postponed to two hours before the AGM commence time, allowing ample opportunity for all eligible voters to participate.

Prospect Ridge Resources Corp. emphasizes its commitment to communicating with shareholders transparently, especially during these unusual circumstances. The company is built on a dedication to gold exploration within the mineral-rich terrains of British Columbia, specifically eyeing the Knauss Creek and Holy Grail properties as areas of significant potential. With the management holding over a century of combined experience in mineral exploration, their realization of the current challenges facing the company reflects broader accountability to their investors.

As this AGM approaches, shareholders are encouraged to remain updated through electronic channels and to take advantage of the assistance offered by the company to ensure their voices are heard and their votes counted. The outcome of this meeting will shape the future direction of Prospect Ridge as it navigates through this turbulent period while ensuring shareholder engagement remains a priority.