ANNUAL GENERAL MEETING

HONORING OUR PAST, MOVING FORWARD

Agenda

Wabauskang First Nation Chief and Council and the Trust Advisory Committee are excited to hold the Annual General Meeting to discuss the Wabauskang Community Trust Agreement and the Wabauskang Minors Trust.

9:30 a.m. – Traditional Protocol and Chief’s Address

10:00 a.m. – Presentation from the Trustee, Royal Trust Corporation of Canada

• Presentations explaining exactly what money is currently available from the Trust to be used for current needs.

• Presentation of the Annual Report on the Trust’s income and the Trustee’s administration of the Trust Property.

• Discussions about the performance of the Trust’s portfolio of investments.

• An explanation of the roles of the Trustee, Chief and Council, and the Trust Advisory Committee.

• An opportunity for Members to ask questions to the Trustee, Chief and Council, and the Trust Advisory Committee.

12:00 p.m. – Lunch

12:30 p.m. – Information Session: Proposed Amendments to the Wabauskang Community Trust Agreement, its related By-laws, and the Wabauskang Community Trust Agreement

• Presentations on the proposed amendments to the Wabauskang Community Trust Agreement and related By-laws, and on proposed amendments to the Wabauskang Minors Trust Agreement.

• Explanation of the purpose of the proposed amendments, including:

  1. Increasing the money available for yearly cash distributions to Members, and

  2. Allowing minor Members who turn 18 to receive their Minors Trust payments sooner.

• Explanation of the Custom Ratification Process that will be used to allow members to voice their opinions in favour of or against the proposed substantive changes. In accordance with Article 12.3 of the Wabauskang Community Trust Agreement, the clarification changes only require a written opinion from legal counsel, which has been obtained.

The Wabauskang Community Trust Agreement was signed in 2016 to receive amounts paid by certain mining companies and was designed to allow both current and future generations of Members to benefit from these economic partners carrying on business in our traditional lands. In 2021, the Wabauskang Minors Trust was developed to administer distributions to minor Members the year after they turn 18. Since the development of the Trusts, funds have grown every year for the benefit of current Members and future generations.