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AGM & ESTMA Documents

Canada enacted the Extractive Sector Transparency Measures Act (ESTMA) in 2015 as part of global efforts to increase transparency in the extractive sector, reduce corruption, and ensure citizens benefit fully from the extraction of natural resources. Under the Act, companies are required to report payments they make to all levels of government in Canada and abroad in relation to the commercial development of oil, gas, and minerals.

Issuers of specified securities are required to complete Internal Revenue Service Form 8937 to report organizational actions that affect the basis of the securities involved in the organizational action. Cordoba prepared this Form 8937 to report the impacts to basis related to the reverse stock split (i.e., share consolidation), effective February 9, 2021.

Disclaimer: The information contained in Form 8937 and the related attachment does not constitute tax advice and does not purport to take into account any shareholder’s specific circumstances. Shareholders are urged to consult their own tax advisors regarding the U.S. tax consequences of the transaction described herein and the impact to tax basis resulting from the transaction.

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