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At a special meeting in Wainwright on March 19, 2019, OC shareholders supported the establishment of the Olgoonik Settlement Trust. It was a strong show of support, with more than 90% of shares represented by proxy and in-person voting choosing “Yes” to establish the Trust. The OC Board of Directors will now act on the direction of shareholders to set in place the management structure for the Trust, as outlined in the proxy statement sent to all voting shareholders. Shareholders can expect to start receiving Board-approved benefits like dividends, elder benefits, and scholarships, through the Trust once the management structure is in place. OC will communicate with shareholders about these benefits as they are approved by the Board.
A Settlement Trust FAQ is available online. Questions about the newly established Trust can be directed to questions@olgoonik.com and will be addressed at our upcoming community meetings in April and May.