Cascadero Copper Announces Results of Annual General Meeting of Shareholders and Amended Stock Option Plan
Cascadero Copper Corporation
#395, 901 West Third Street, North Vancouver, B.C. V7P 3P9
Phone: 604 985 3327
LEGAL_39102000.1
July 8, 2022 (CCD: TSX-V)
CASCADERO COPPER ANNOUNCES RESULTS OF
ANNUAL GENERAL MEETING OF SHAREHOLDERS
AND AMENDED STOCK OPTION PLAN
North Vancouver, BC, Canada, July 8, 2022 – Cascadero Copper Corporation (“ Cascadero” or
the “Company”) (TSXV:CCD) is pleased to announce the results of its annual general meeting of
shareholders (the “Meeting”) held on May 30, 2022. 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 April 27, 2022 (the “ Information Circular ”), to the board of directors of the
Company; (3) re-appointing Mao & Ying LLP as auditor of the Company for the ensuing year and
authorizing the board of directors to fix the auditor’s remuneration; and (4) approving the
Company’s stock option plan, as amended (the “ Stock Option Plan ”), as described in the
Information Circular.
The voting results, with a total of 157,609,605 votes or approximately 52.51% of the Company’s
issued and outstanding common shares represented at the Meeting, are summarized as follows:
Vote For Votes Against or
Withheld/Abstained
(#) (%) (#) (%)
Setting Number of Directors 116,163,661 99.99 10,999 0.01
Election of Nelson Borch 116,124,561 99.96 50,099 0.04
Election of Tony Cau 116,162,661 99.99 11,999 0.01
Election of David Dreisinger 115,281,061 99.23 893,599 0.77
Election of George Gale 115,247,161 99.20 927,499 0.80
Election of Lorne Harder 115,277,995 99.23 896,665 0.77
Appointment of Mao & Ying LLP as Auditor 154,818,290 98.23 2,791,315 1.77
Approval of Stock Option Plan as Amended 116,151,395 99.98 23,265 0.02
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. Lorne Harder, Tony Cau and Nelson Borch have been
appointed as members of the Company’s Audit Committee with Tony Cau as Chair. David
Cascadero Copper Corporation
#395, 901 West Third Street, North Vancouver, B.C. V7P 3P9
Phone: 604 985 3327
LEGAL_39102000.1
Dreisinger, Tony Cau and Lorne Harder have been appointed as members of the Company’s
Compensation Committee with David Dreisinger as Chair.
At the Meeting, shareholders approved the Stock Option Plan as amended. The Option Plan, as
amended and restated, is attached to the Information Circular as Schedule “B”. The Stock Option
Plan is a “fixed number” stock option plan. The maximum aggregate number of common shares
that may be reserved for issuance under the Stock Option Plan is 60,025,975 Common Shares.
The material terms of the Stock Option Plan are summarized in the Information Circular. On
November 24, 2021, the TSX Venture Exchange adopted a new policy governing security based
compensation (the “ New Policy 4.4 ”). In accordance with the New Policy 4.4, a number of
amendments have been made to the Stock Option Plan. These changes include amendments
allowing option holders to exercise options on a “cashless exercise” or “net exercise” basis, as
now expressly permitted by the New Policy 4.4. “Cashless exercise” is a method of exercising
stock options in which a securities dealer loans funds to the option holder or sells the same shares
as those underlying the option, prior to or in conjunction with the exercise of options, to allow the
option holder to fund the exercise of some or all of their options. “Net exercise” is a method of
option exercise under which the option holder does not make any payment to the issuer for the
exercise of their options and receives on exercise a number of shares equal to the intrinsic value
(current market price less the exercise price) of the option valued at the current market price.
Under the New Policy 4.4, the current market price must be the 5-day volume weighted average
trading price prior to option exercise. “Net exercise” may not be utilized by persons performing
investor relations services.
About Cascadero Copper Corporation
Cascadero Copper Corporation is focused on the exploration and development of its properties
located in Salta, Argentina. The Company currently has a joint venture with Golden Minerals on
its Sarita Este license. In addition, the Company has newly appointed technical advisors to work
with the board and management to provide advice on exploration and development of the
Cascadero mineral properties in Argentina and on other future properties of merit. The Cascadero
research and development team that was instrumental in developing the patent-pending mineral
processing flowsheet on Taron mineral samples are expected to continue their work under the
guidance of the Board.
All material information on the Company may be found on its website at www.cascadero.com and
on SEDAR at www.sedar.com.
For further information, please contact:
Dr. George Gale
Interim CEO
Tel: 604-985-3327
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.