TNR Gold Cancels Shareholder Meeting Amid Dispute with Largest Shareholders
Eucalyptus Resources, along with its joint actors JC Evensen and Alicia Cauteruccio Evensen, holds the largest stake in TNR Gold Corp. (TSXV: TNR) and had secured over 46% shareholder support for their nominees ahead of a scheduled meeting on September 22, 2026. However, TNR announced it would cancel the meeting, prompting Eucalyptus Resources to seek legal action in British Columbia's Supreme Court to preserve voting rights and ensure recognition of shareholders' votes. TNR also sent threatening letters—referred to as 'Scare Letters' by Eucalyptus—to some shareholders. These letters allegedly attempted to intimidate investors into believing they were part of a conspiracy for supporting the Eucalyptus nominees, which is not legally valid in proxy contests. In response, Eucalyptus alerted the British Columbia Securities Commission and criticized TNR's leadership as self-serving rather than shareholder-focused. The dispute highlights growing tensions between management and shareholders over corporate governance and performance. Shareholders are advised to contact Laurel Hill Advisory Group for further guidance.
Tickers: $TRRXF
Topics: court action meeting cancellation proxy voting shareholders