RAPIER GOLD

THE IRREFUTABLE CASE FOR CHANGE AT RAPIER GOLD

REMINDER THAT PROXIES MUST BE RECEIVED BY MARCH 28th @ 9 am (PT)

On Feb 14th, 2017 Delbrook Capital Advisors began a campaign to initiate change at Rapier Gold Inc. As the largest shareholder of Rapier, Delbrook grew frustrated with the board and management's inability to deliver shareholder value. Here is a summary of our key concerns and various press releases that have been issued on the topic.

  • Destroyed Shareholder Value. The Concerned Shareholder, Delbrook Capital Advisors Inc., believes that the management and Board of Directors of Rapier Gold Inc. have destroyed considerable shareholder value and continue to operate the Company without a clear strategy focused on maximizing shareholder returns.

  • Ineffective Board. Delbrook is frustrated by the ineffectiveness of management and the Board of Directors in their failure to advance the Pen Gold Property. Poor judgement has been evidenced by the Company's weak balance sheet and working capital deficiency.

  • Poor Corporate Governance and Disclosure. Rapier's lack of corporate governance and poor shareholder disclosure are detrimental to minority shareholders and must be addressed before further value is lost.

  • Failure to Create Shareholder Value. The management and Board of Directors of Rapier have failed to complete any transactions which would strengthen the balance sheet in order to continue advancing the Pen Gold Property and enhance the trading liquidity of the Company's shares.

  • Dilution Concern. Delbrook is concerned that any financing conducted by Rapier in the near future would be highly dilutive and would be at a material discount to the current share price to the detriment of all shareholders.

  • Delbrook is proposing a new slate of directors with a proven track record of creating shareholder value and that will work for the best interests of ALL shareholders.


Concerned Shareholder's Proxy Information:




Press Releases:



For further information:

Matthew Zabloski
Delbrook Capital Advisors Inc.
1021 West Hastings St, Suite 650
Vancouver, BC V6E 0C3
604.229.1450