R7 Capital Ventures Ltd. Files Dissident Circular Against Jaxon Mining

Vancouver, BC - R7 Capital Ventures Ltd., led by Karim Rayani, has announced a shareholder meeting set for August 9, 2024. The meeting aims to restructure the board of Jaxon Mining Inc. R7 Capital holds approximately 5% of Jaxon's common shares.

The agenda includes a vote to replace Jaxon's current board with four new nominees. The proxy circular was distributed to shareholders on July 22, 2024. Shareholders have until August 7, 2024, to cast their votes.

At the meeting, shareholders will vote on two resolutions. The Special Resolution requires a two-thirds majority to remove the incumbent directors. The Ordinary Resolution requires a simple majority for the election of new directors.

This press release is not intended as a solicitation of proxies under securities law.