Carube Copper Adds Tony Manini and Yale Simpson to Board Company Reports Results from AGM
FOR IMMEDIATE RELEASE
OTTAWA, ONTARIO
June 16, 2017
Carube Copper Adds Tony Manini and Yale Simpson to Board
Company Reports Results from AGM
Carube Copper Corp. ( TSXV: CUC) is pleased to report the appointment of two new directors at its
Annual General and Special Meeting (“AGM”) held in Carp, Ontario, on June 16, 2017.
Tony Manini is a geologist with over 30 years of diverse experience in the resource industry. His background
covers a wide range of commodities in more than 20 countries and includes technical, commercial, senior
management and executive roles in exploration, pr oject evaluation, business development, strategy and
operations with Rio Tinto, Oxiana - OZ Minerals, Tigers Realm Group and EMR Capital.
Tony is a founder and CEO of private incubator comp any, Tigers Realm Group and a co-founder of resource
private equity firm, EMR Capital. Tigers Real m Group has listed three highly successful exploration
companies, each of which has made a major discovery and is in studies and/or development stage (Tigers
Realm Coal - ASX; Nexgen Energy - TSX and Asiamet Resources – AIM). He is currently Executive
Chairman of Asiamet Resources Limited and an Executive Director of EMR Capital.
He has been closely involved in the discovery and de velopment of the Sepon copper and gold mines in Laos,
the early stage acquisition and development of th e Prominent Hill IOCG copper-gold mine in South
Australia, brownfields discoveries in the Golden Grove VHMS district in Western Australia and the
discovery of the Okvau IRG gold district in Cambodia.
Yale Simpson is the Co-Chairman of Exeter Resour ce Corporation which has agreed to be acquired by
Goldcorp in a transaction valued at approximately $247 million. He is a professional geologist with a
Bachelor of Applied Science (Geological Engineering) from the University of British Columbia. Yale has
more than 30 years’ experience as a senior geologist , exploration manager and CEO of companies involved
in precious metals projects in Australia, Africa, Eastern Europe and South America. Those companies
include Pennzoil Company, Chevron Exploration, Au stralmin Holdings, Argosy Gold Mines and Black
Swan Gold Mines Ltd. He was Co-chairman of Extorre Gold Mines Ltd., a successful spinout from Exeter,
which was bought by Yamana Gold Ltd. in 2012. His par ticular expertise is in strategic resource planning,
financing and corporate communications. Yale is cu rrently a director of Rugby Mining Limited, and
Chairman of Adamera Minerals Corp.
Results of Voting
More than 52% of the record date outstanding shar es of the Company were represented at the meeting by
proxy or in person. All of the matters submitted to th e shareholders for approval set forth in the Company’s
Notice of Meeting and Information Circ ular dated May 1, 2017, were appr oved by more than 95% of votes
cast; including the re-election of Alar Soever, Vern Rampton, Marz Kord, Jeffrey Ackert, Greg LeBlanc, and
Mark Pfau as directors.
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The appointment of PricewaterhouseCoopers LLP as auditors was confirmed unanimously.
The Stock Option Plan and the RSU/DSU Plan and the reservation for issuance of the maximum number of
shares permitted under the plans were approved by 95% of the disinterested shareholders.
The officers of the company remain:
Mr. Alar Soever, P. Geol. Chairman of the Board, Independent Director
Mr. Jeffrey Ackert, B.Sc. (Geology) President and Chief Executive Officer, Director
Dr. Vern Rampton, Ph.D, P. Eng Executive Vice President of Corporate Development, Director
Mr. John McNeice, C.A., CPA. Chief Financial Officer
Mr. Chris Irwin, B.A., LL.B. Corporate Secretary and Counsel
Mr. Darrell Munro, BB.A, LL.B Corporate Administrator
Additional Corporate Information
In other corporate news, the company announced the aw ard of 329,565 Restricted Share Units @ $0.115 per
Unit to certain officers and consultants along with 250,000 common share purchase options @ $0.10 per
share to each of Messrs. Manini and Simpson, va lid until May 15, 2022. The company will also pay off
certain indebtedness by issuing common shares at a deemed price of $0.115 per share in lieu of cash
to Wallbridge Mining Company in the amount of $25 0,000 (2,173,913 shares) and Irwin Professional Corp
in the amount of $50,000 (434,783 shares) thus enabli ng the company to immediately apply more resources
to its aggressive drill programs in Ja maica. The settlements are subject to the approval of the TSX Venture
Exchange and upon issuance, the shares will be subject to a four month hold period.
Wholly Owned Projects
Carube is focused on the exploration and development of copper and gold projects in Jamaica and Canada. In
Jamaica, Carube Copper holds a 100% interest in 11 licenses, totalling 535 square kilometres. In Canada, it
holds a 100% interest in three porphyry copper-gold-molybdenum properties, totalling 492 square kilometres
within the Tertiary-aged Cascade Magmatic Arc in southwestern British Columbia. Carube is currently
drilling on its Bellas Gate Project in Jamaica wh ere it intersected over 300m of copper and gold
mineralization in the summer of 2016.
Contacts
Jeff Ackert, President and CEO • 1-613-839-3258 • [email protected]
Vern Rampton, VP of Corporate Development • 1-613-839-3258 • [email protected]
www.carubecopper.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this release.
DISCLAIMER & FORWARD LOOKING STATEMENTS
This news release includes certain “forward-looking statem ents” which are not comprised of historical facts.
Forward-looking statements are based on assumptions and address future events and conditions, and by their
very nature involve inherent risks and uncertain ties. Although these statements are based on currently
available information, Carube Copper Corp. provides no assurance that actual results will meet
management’s expectations. Factors which cause results to differ materially are set out in the Company’s
documents filed on SEDAR. Undue reliance should not be placed on “forward looking statements”.
IMPORTANT NOTICE: Carube Copper hereby incorporates the entire disclaimer set forth on its website
at http://www.carubecopper.com/uploads/1/6/5/2/16521880/disclaimers-and-forward-statements.pdf