Cascadero Announces Results of Annual General and Special Meeting of Shareholders
November 23, 2020 (CCD: TSX-V)
CASCADERO ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
North Vancouver, BC, CANADA, November 23, 2020 – CASCADERO COPPER CORPORATION ("Cascadero") is pleased to announce the results of its annual general and special meeting of shareholders (the “Meeting”) held on November 18, 2020. All resolutions proposed at the Meeting were duly passed.
The resolutions at the Meeting consisted of the following: (1) setting the number of directors at five; (2) electing all director nominees, as listed in the management information circular dated October 14, 2020, to the board of directors of the Company; (3) re-appointing Mao & Ying LLP as auditor of the Company for the ensuing year and authorization of the directors to fix the auditor’s remuneration; and (4) approving by special resolution the alteration of the Company’s Articles to include advance notice provisions for director nominations and elections, as set out in the management information circular dated October 14, 2020 (the “Amendment Resolution”).
The voting results, with a total of 78,163,853 votes or approximately 42% of the Company’s issued and outstanding common shares represented at the Meeting, are summarized as follows.
| Votes For (#) | Votes For (%) | Votes Against or | Votes Against or | |||
|---|---|---|---|---|---|---|
| Withheld/Abstain | Withheld/Abstain | |||||
| (#) | (%) | |||||
| Setting Number of Directors | 61,728,944 | 99.38% | 384,999 | 0.62% | ||
| Re-election of Lorne Harder | 59,864,893 | 96.38% | 2,249,050 | 3.62% | ||
| Re-election of George Gale | 60,169,227 | 96.87% | 1,944,716 | 3.13% | ||
| Re-election of Greg Andrews | 59,859,894 | 96.37% | 2,254,049 | 3.63% | ||
| Election of Tony Cau | 59,859,894 | 96.37% | 2,254,049 | 3.63% | ||
| Election of David Dreisinger | 59,859,894 | 96.37% | 2,254,049 | 3.63% | ||
| Re-appointment of Mao & Ying LLP as Auditor | 77,535,958 | 99.20% | 627,895 | 0.80% |
| Votes For (#) | Votes For (%) | Votes Against or | Votes Against or | |||
|---|---|---|---|---|---|---|
| Withheld/Abstain | Withheld/Abstain | |||||
| (#) | (%) | |||||
| Approval of Amendment Resolutions | 61,508,278 | 99.02% | 605,665 | 0.98% |
Following the Meeting, the Board of Directors appointed Lorne Harder as Chairman of the Board, George Gale as Interim Chief Executive Officer and Interim President, and Natasha Tsai as Chief Financial Officer and Corporate Secretary. Greg Andrews, Lorne Harder and Tony Cau were appointed as members of the Company’s Audit Committee with Mr. Andrews as Chair. Tony Cau, Lorne Harder and David Dreisinger were appointed as members of the Company’s Compensation Committee with Mr. Cau as Chair.
For more information, contact:
Dr. George Gale Interim CEO Phone: (604) 985-3327
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.