Fission Uranium Retail Shareholder Goes Ahead With Proxy Fight

The Financial Post reported that a Fission Uranium (TSX:FCU) retail shareholder has gone ahead with a proxy fight against the company and has nominated five new directors to replace Fission’s current board. The nominees will be presented at the company’s upcoming annual general meeting on December 15.
As quoted in the market news:

Retail investor Jim Gifford, who created the shareholder group FCU OverSight, has nominated five new directors to replace Fission’s current board. One of them is a man named Ben Ainsworth, who was chief executive of a company Fission acquired two years ago.
During the past few weeks, Gifford made it known that he was searching for candidates for Fission’s board. But it was unclear whether he would actually follow through with his threat of a proxy battle.
Proxy fights are typically the domain of activist investors, large institutional shareholders or former company insiders. It is highly unusual for a small investor like Gifford to put in the time, effort and money required to overthrow a corporate board. He owns 126,099 shares, according to Fission.

Click here to read the full Financial Post report.