Chimata Shareholders Apporove All AGM Resolutions; Company Will Change Its Name to CAT Strategic Metals
1015 – 789 W. Pender Street Vancouver BC V6C 1H2
CSE – CAT
CHIMATA GOLD CORP SHAREHOLDERS VOTE OVERWHELMINGLY TO APPROVE ALL
MATTERS AT THE ANNUAL GENERAL MEETING; COMPANY TO CHANGE ITS NAME TO
CAT STRATEGIC METALS CORPORATION
Vancouver, BC December 21, 2018 – Chimata Gold Corp. (CSE: CAT) (“ Chimata” or the
“Company”) announces that at its Annual General Meeting (the “AGM”) held December 12, 2018,
all of the management’ recommended resolutions put in front of the shareholders, as contained
in the Company’s Information Circular posted on SEDAR on November 21, 2018 , received
overwhelming support and approval with almost 100% of the votes cast by shareholders
represented by proxy or attending physically the AGM.
One of the resolutions voted on by the shareholders at the AGM was to change the Company’s
name from “Chimata Gold Corp ” to “CAT Strategic Metals Corporation ”. This new name better
represents the Company’s current focus on Lithium with its Kamativi Lithium Tailings Project in
Zimbabwe and better reflects the corporate busi ness focus going forward. The Company will
undertake the necessary corporate and regulatory actions to affect the name change as soon as
is practicable.
The Company also announces that it has cancelled the contemplated $2,000,000 convertible
debenture and concurrent $200,000 equity financing announced November 2, 2018 due to
changing and unsatisfactory market conditions. The Company retained the services of an external
consultant (the “Consultant”) to provide Investor Relations Activities, as defined in applicable
Canadian Securities Exchange’s policies in consideration of 2,000,000 units of the Company
(each a “ Compensation Unit”) at a price of $0.10 per Unit. Each Unit is comprised of one (1)
common share (each a “ Common Share”) and one (1) w arrant (each a “Warrant”) exercisable
at a price of $0.20 for a period of two years from the date of issuance. The Compensation Units
are being held in escrow and will be released to the Consultant over a four month period to the
Consultant in four equal instalments of 500,000 Compensation Units.
ON BEHALF OF THE BOARD
Richard Groome
Chairman and Interim President & CEO
Further information regarding the Company can be found on SEDAR at www.SEDAR.com, or by
contacting the Company directly at (604) 674-3145.
This news release may contain forward–looking statements. Forward-looking statements address
future events and conditions and therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such statements. Particular risks
applicable to this press release include risks associated with planned production, including the
ability of the company to achieve its targeted production outline due to regulatory, technical or
1015 – 789 W. Pender Street Vancouver BC V6C 1H2
CSE – CAT
economic factors. In addition, there are risks associated with estimates of resources, and there is
no guarantee that a resource will have demonstrated economic viability as necessary to be
classified as a reserve. There is no guarantee that additional exploration work will result in
significant increases to resource estimates
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy
or accuracy of this release. We seek safe harbour.