Another Top Global Atomic Shareholder Announces Support for Current Management, Incumbent Board
04 June 2018 - 10:37PM
William F Cooke, owning or exercising control or direction over
7.9MM shares or approximately 7.4% of Global Atomic Corporation
(“Global Atomic” or the “Company”), (TSX-V: GLO), issued an open
letter to fellow shareholders in support of the Company.
The full text of Mr. Cooke’s letter is included
below:
Dear fellow Global Atomic Shareholders,
My name is Bill Cooke and I own over 7.9MM
shares of Global Atomic or around 7.4% of the stock. This
makes me the third largest shareholder of the Company.
While Greyling Investments, Inc. (“Greyling”)
purports to speak on behalf of all shareholders, I assure you that
they don’t speak for me nor do they speak for other Global Atomic
shareholders that I’ve spoken to recently. I see no credibility to
Greyling’s attempt to claim control of the Company.
As a long-time investor, I am excited about the
future of Global Atomic and have no intention of handing over the
reins to a group of people that, to my knowledge, have no
experience in building a uranium mine nor in running a zinc
concentrate business. Conversely, the current management and
the incumbent Board have a proven track record of success in
both.
The Company’s Niger uranium asset is shaping up
to be a world-class deposit and we have seen a steady stream of
good news in the last few months. Based on Global Atomic’s public
disclosure, the Company seems to be well down the path of moving
towards permit applications and I don’t want to risk that with any
changes to the Board or management.
Similarly, I believe that the Company’s zinc
concentrate business has the right manager, the right partner and
the right board to oversee this business as it expands. I am
supportive of the current Board’s commitment to nearly double
production capacity and to implement the very latest in technology
for the Company’s zinc concentrate business. I believe that
these investments will bode well for Global Atomic’s expanding
near-term revenue, profitability and cashflow prospects – and the
market apparently thinks so too.
I believe that what we as shareholders need
right now is the Company’s uninterrupted focus on advancing its
uranium project and expanding its zinc concentrate business. We
don’t need the costly and unnecessary distraction of a dissident
that hasn’t made so much as a thread of an argument as to why we
should simply hand over the Company by changing the entire Board. I
am saying “No way Greyling” and I have voted all my shares FOR the
incumbent Board.
Sincerely,
William F. Cooke
Contact:
William F. Cooke
ConcernedGLOshareholder@outlook.com
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