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 have filed, and commenced the mailing of the concerned shareholders' dissident proxy circular, in advance of Rifco Inc’s annual general and special meeting of shareholders, to be held on December 11, 2020. Concerned shareholders stated that they confident about the merit, quality and value potential of the Company, but believe that new leadership is required, and the Company needs a new CEO supported by a new board. Concerned shareholders stated that shareholders require better decision- making on strategic matters, to oversee management in improving operational cost efficiencies and to introduce a new vision for this organization. In addition, concerned shareholders urged to vote for new board members; Jared Priestner, Tim Peterson, Jeffrey Newhouse, and Sean Aylward using the their proxy card.