Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 116

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 116
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,
2019, the Court made an order authorizing and approving, among other things, the commencement of the SISP and a stay of proceedings until
September 11, 2019. On the same date, the Court made an additional order granting Gedex protection from its creditors pursuant to the
CCAA and appointing Zeifman as the Monitor of Gedex. On August 28, 2019, the first report of the Monitor was issued and, on September
3, 2019, the Court issued a further order granting, among other things, an extension of the stay period until December 10, 2019. On December
5, 2019, the Court certified that all matters to be attended to in connection with these CCAA proceedings have been completed and Zeifman
filed its discharge notice on December 23, 2019, terminating the CCAA proceedings.

Mr.
Christensen was a Director of Lilis Energy, Inc. (“Lilis”), an exploration and production company operating in the
Permian Bason of West Texas and Southeastern New Mexico. Mr. Christensen resigned from the Lilis board of directors on April 14, 2020.
On June 29, 2020, Lilis filed petitions under Chapter 11 of the United States Bankruptcy Code. Lilis announced on June 30, 2020 that
it had received notification dated June 29, 2020 from the NYSE American LLC that Lilis’ common stock had been suspended from trading
on the NYSE American and that Lilis was no longer suitable for listing. On December 2, 2020, Lilis announced the closing of the sale
of substantially all of the assets of Lilis and its filing subsidiaries to Ameredev Texas, LLC pursuant to a previously disclosed bankruptcy
court-approved purchase and sale agreement.

-41-

Code
of Ethics

The
Board has found that the fiduciary duties placed on individual directors by the Company’s governing corporate legislation and
the common law and the restrictions placed by applicable corporate legislation on an individual director’s participation in
decisions of the Board in which the director has an interest have been sufficient to ensure that the Board operates independently of
management and in the best interests of the Company. The Company is committed to the highest standards of legal and ethical business
conduct, and to that end the Board has adopted a Code of Business Conduct and Ethics on August 9, 2022. The Board and Chair