VANCOUVER, CANADA – Cordoba Minerals Corp. (TSXV:CDB; OTCQB:CDBMF; otherwise “Cordoba” or the “Company”) announces today that at its Annual General Meeting of Shareholders held on September 22, 2022, all Directors nominated as listed in the Management Information Circular dated August 10, 2022 (the “Circular”) were elected. Shareholders voted to set the number of Directors at five (5) for the ensuing year.
The detailed results are as follows:
Cordoba reports that Shareholders voted in favour of the re-appointment of Deloitte LLP as auditors of the Company for the ensuing year.
Disinterested Shareholders have also approved certain amendments to the Company’s stock option plan (“SOP”), long-term incentive plan (“LTIP”) and deferred share unit plan (“DSU Plan” and together with the SOP and LTIP, the “Plans”).The Plans were updated to be in compliance with TSX Venture Exchange Policy 4.4 – Security Based Compensation.
The Company’s SOP is a “rolling” plan pursuant to which the aggregate number of shares to be issued under the SOP shall not exceed 10% of the Company’s issued and outstanding shares.
The Company’s LTIP and DSU Plan are “fixed” plans pursuant to which the aggregate number of shares to be issued under the LTIP and DSU Plan are fixed.The amendments to the LTIP and DSU Plan increase the fixed number of shares issuable under the LTIP and DSU Plan in aggregate from 5,816,795 to 8,915,095, and to increase the maximum number of shares subject to grant under the Plans globally to not exceed 10% of the Company’s issued and outstanding shares.
For further information with respect to the amendments of the Plans, please see the Circular. The Plans remain subject to final TSX Venture Exchange approval.
About Cordoba
Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects. Cordoba is developing its 100%-owned San Matias Copper-Gold-Silver Project, which includes the Alacran deposit and satellite deposits at Montiel East, Montiel West and Costa Azul, located in the Department of Cordoba, Colombia. Cordoba also holds a 51% interest in the Perseverance Copper Project in Arizona, USA, which it is exploring through a Joint Venture and Earn-In Agreement. For further information, please visit www.cordobaminerals.com.
ON BEHALF OF THE COMPANY
Sarah Armstrong-Montoya, President and Chief Executive Officer
Information Contact
Ran Li +1-604-689-8765
info@cordobamineralscorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements, including, but not limited to, TSX Venture Exchange approval of the Plans. Forward looking-statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Cordoba operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, uncertainties relating to epidemics, pandemics and other public health crises, including COVID-19 or similar such viruses, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading “Risks and Uncertainties” in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law. Readers are cautioned not to put undue reliance on these forward-looking statements.