On November 24, 2020, Tim Peterson, Ruth Peterson, 933672 Alberta Ltd, Sorbrick Capital Corp., 812787 Alberta Ltd., Big Country Holdings Ltd., Norman Storch and Jeffrey P. Newhouse (the concerned shareholders) have filed proxy circular and urged the shareholders to vote for to set the number of directors at 4, vote against to set the number of directors at 6, vote for the election of the concerned shareholders’ nominees as directors of Rifco Inc. vote for the re-appointment of auditors of the Company, vote for to re-approve the stock option plan at the Company’s annual general meeting of shareholders scheduled to be held on December 11, 2020.