Cordoba Minerals Announces Voting Results from Special Meeting of Shareholders
Cordoba Minerals Announces Voting Results
from Special Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2023) - Cordoba Minerals Corp. (TSXV:
CDB) (OTCQB: CDBMF) ("Cordoba" or the "Company") announces today that at its Special Meeting of
Shareholders held on February 8, 2023, disinterested Shareholders overwhelmingly voted in favour of
the strategic transaction (the "Transaction") with JCHX Mining Management Co., Ltd. ("JCHX") by a vote
of 2,383,524 For and 1,205 Against (representing 99.95% approval of the Transaction). Pursuant to the
terms of the Transaction:
JCHX, through a wholly-owned subsidiary, will purchase a 50% ownership interest in CMH
Colombia S.A.S. ("CMH"), a company existing under the laws of Colombia, for an aggregate
consideration of US$100 million (approximately C$134 million); and
CMH will own 100% of the Alacran Copper-Gold-Silver Project in Colombia (the "Project") and as
a result, be the joint venture vehicle for Cordoba and JCHX in this strategic project level
partnership.
Closing of the Transaction is subject to (among other customary conditions):
FOR CORDOBA: Approval from the TSXV;
FOR JCHX: Approval from their Board of Directors, shareholders, China's State Administration of
Foreign Exchange, and Beijing Municipal Bureau of Commerce.
The closing of the Transaction is now anticipated to be in Q2 of 2023, upon the satisfaction of all
conditions of the completion of the Transaction by Cordoba and JCHX.
For further information with respect to the Transaction, please refer to the Company's Information
Circular dated January 3, 2023, which is available on SEDAR at
www.sedar.com
and the Company's
website at
https://cordobaminerals.com/investors/2023-special-shareholder-meeting
.
About Cordoba
Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and
acquisition of copper and gold projects. Cordoba is developing its 100%-owned San Matias Copper-
Gold-Silver Project, which includes the Alacran deposit and satellite deposits at Montiel East, Montiel
West and Costa Azul, located in the Department of Cordoba, Colombia. Cordoba also holds a 51%
interest in the Perseverance Copper Project in Arizona, USA, which it is exploring through a Joint
Venture and Earn-In Agreement. For further information, please visit
www.cordobaminerals.com
.
ON BEHALF OF THE COMPANY
Sarah Armstrong-Montoya, President and Chief Executive Officer
Information Contact
Ran Li +1-604-689-8765
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This news release includes "forward-looking statements" and "forward-looking information" within the
meaning of Canadian securities legislation. All statements included in this news release, other than
statements of historical fact, are forward-looking statements including, without limitation, the Alacran
Project and development thereof; and joint venture arrangement with JCHX. Forward-looking
statements include predictions, projections and forecasts and are often, but not always, identified by
the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target",
"budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might"
occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while
considered reasonable by management based on the business and markets in which Cordoba
operates, are inherently subject to significant operational, economic, and competitive uncertainties,
risks and contingencies. There can be no assurance that such statements will prove to be accurate
and actual results, and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company's expectations
include actual exploration results, interpretation of metallurgical characteristics of the mineralization,
changes in project parameters as plans continue to be refined, future metal prices, availability of
capital and financing on acceptable terms, general economic, market or business conditions,
uninsured risks, regulatory changes, delays or inability to receive required approvals, and other
exploration or other risks detailed herein and from time to time in the filings made by the Company
with securities regulators, including those described under the heading "Risks and Uncertainties" in
the Company's most recently filed MD&A. The Company does not undertake to update or revise any
forward-looking statements, except in accordance with applicable law. Readers are cautioned not to
put undue reliance on these forward-looking statements.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/154183