TORONTO, Aug. 28, 2018 (GLOBE NEWSWIRE) -- BELGRAVIA CAPITAL INTERNATIONAL INC. (CSE: BLGV) (OTCQB: BLGVF) (“Belgravia”) today announces that it has filed an application with the Canadian Securities Exchange (“CSE”) requesting that the stock exchange review Tartisan Nickel Corp.’s (“Tartisan”) (CSE: TN) compliance with the CSE’s continued listing requirements (“CLR”). The application is primarily based on certain share transactions undertaken by and/or between Tartisan CEO Mark Appleby and third parties whom Belgravia believes Appleby acts together in respect of the shares they own or over which they exercise control and direction over.

Mehdi Azodi, President and CEO, Belgravia stated, “At first blush this application may seem counter-intuitive however, as one of Tartisan’s largest shareholders, we believe that Tartisan’s situation has deteriorated to such an extent and its current board is so entrenched that this is a viable alternative for Belgravia to protect all shareholders investments by trying to turn Tartisan around. Belgravia filed the application with the CSE for a number of reasons, but the overriding reason is that we believe Belgravia’s interests, the interests of all non-management related shareholders and the interests of the CSE are all aligned.”

Azodi further explained that Belgravia’s interests and the other non-management shareholders are aligned in that both realize that creation of shareholder value only comes through identification of promising projects and the expenditure of adequate funds under the supervision of seasoned management in order to ascertain their full potential. Tartisan’s current directors and management have neither the ability nor the interest in doing that.
 
In conclusion, Azodi stated, “If the CSE invokes its quality assurance by suspending trading in Tartisan’s shares in light of current management’s past dealings and track record, and the current Tartisan board is replaced by the Belgravia nominees, Belgravia believes its 100-day plan and the reputation, skillset and the funding Belgravia can bring to Tartisan will create an entirely reinvigorated public company where shareholder value will be enhanced.”

IMMEDIATE ACTION IS IMPERATIVE TO CREATE SHAREHOLDER VALUE FOR TARTISAN NICKEL SHAREHOLDERS.

If you are also a concerned shareholder or have questions on how to cast your vote for the GREEN Proxy please contact D.F. King at 1-800-926-4985 (toll-free Canada) or by email at [email protected]

Protect your investment by voting only your GREEN proxy form today or no later than 5:00 p.m. (Toronto Time) on Wednesday, September 12, 2018 FOR the Belgravia Nominees.

Background information regarding the solicitation of proxies can be found at http://www.aNewTartisan.ca

About Belgravia

Belgravia Capital International Inc. is focused on three core business divisions: Incubator, Investments, and Royalty & Management Services. The three divisions of Belgravia are high risk business ventures and expose shareholders to financial risks. The Incubator division provides capital to support the development of early stage companies in the Biotech/Healthcare, Technology, Resources and Medical sectors. Belgravia Holdings, the Investments division, invests in various private and public companies with a focus on value. Belgravia Royalty & Management Services has a royalty and fee income model. Further, the cash and investment asset base provides capital to support expansion on a selective basis.

For more information, please visit www.belgraviacapital.ca

Additional Information:

Belgravia is relying on the exemption under section 9.2(4) of National Instrument 51-102 – Continuous Disclosure Obligations ("NI 51-102") to make this public broadcast solicitation. The following information is provided in accordance with corporate and securities laws applicable to public broadcast solicitations.

This solicitation is being made by Belgravia, and not by or on behalf of the management of Tartisan. Tartisan’s head office address is Suite 1060, 44 Victoria Street, Toronto, Ontario, Canada M5C 1Y2.  Tartisan has announced that it has called an annual general and special meeting of shareholders to be held on September 17, 2018 (the "Meeting"). Belgravia intends to file a dissident information circular (the "Dissident Circular") in connection with the Meeting, or any adjournment or postponement thereof, in due course in compliance with applicable securities and corporate laws.

This press release and any solicitation made by Belgravia in advance of the Meeting is, or will be, as applicable, made by Belgravia and not by or on behalf of the management of Tartisan. All costs incurred for any solicitation will be borne by Belgravia, provided that, subject to applicable law, Belgravia may seek reimbursement from Tartisan for Belgravia’s out-of-pocket expenses, including proxy solicitation expenses and legal fees, incurred in connection with a successful reconstitution of the Company's board of directors. Any proxies solicited by Belgravia may be solicited by way of public broadcast, including through press releases, speeches or publications and by any other manner permitted under applicable laws, including pursuant to a Dissident Circular sent to shareholders of Tartisan. Solicitations may be made by or on behalf of Belgravia, by mail, telephone, fax, email or other electronic means, and in person by directors, officers and employees of Belgravia or by the proposed nominees. Belgravia has engaged the service of D. F. King and may engage D. F. King as soliciting agent to assist with solicitation on behalf of Belgravia.

It is expected that any proxies solicited by Belgravia in connection with the Meeting may be revoked by instrument in writing by the shareholder giving the proxy or by its duly authorized officer or attorney, or in any other manner permitted by law. Belgravia has filed this press release, which contains the information required by section 9.2(4)(c) of NI 51-102 and Form 51-102F5 Information Circular in respect of the Proposed Nominees under Tartisan's company profile on SEDAR at http://www.sedar.com. 

For further information contact:  Mehdi Azodi 416-779-3268 OR  [email protected] or  D. F. King at 1-800-926 4985.