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CCD.V ·

Cascadero Announces Results of Annual General and Special Meeting of Shareholders

Shareholder Meetings

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

Withheld/Abstain

(#)

Votes Against or

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%

2

Votes For

(#)

Votes For

(%)

Votes Against or

Withheld/Abstain

(#)

Votes Against or

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.