Commander Resources Announces Voting Results of Annual General and Special Meeting of Shareholders
Commander Resources Announces Voting
Results of Annual General and Special
Meeting of Shareholders
Kelowna, British Columbia--(Newsfile Corp. - May 15, 2025) -
Enduro Metals Corporation (TSXV:
ENDR) (OTCQB: ENDMF) (FSE: SOG0)
("
Enduro
") and
Commander Resources Ltd. (TSXV:
CMD)
("
Commander
" and together with Enduro, the "
Parties
") are pleased to announce that
Commander's shareholders approved the previously announced arrangement between the Parties (the
"
Arrangement
") at Commander's annual general and special meeting of shareholders (the "
Meeting
")
held on May 15, 2025. The special resolution approving the Arrangement was approved by an
overwhelming majority of votes cast by Commander Shareholders (
99.1
%).
All other matters to be
determined at the Meeting also passed.
Enduro's CEO, Cole Evans, commented:
"Enduro is pleased that Commander Shareholders have
voted overwhelmingly in favour of the Arrangement. By combining our complementary assets, teams,
and expertise, we are creating a stronger, more resilient exploration company with greater scale, while
remaining focused on our core jurisdictions and commodities. We look forward to unlocking the full
potential of our portfolio as a unified team."
Commander's CEO, Robert Cameron stated: "
Commander shareholders have given their
wholehearted support to the combination with Enduro Metals that creates a superior copper and gold
porphyry exploration company with an expanded portfolio of three drill ready projects throughout
British Columbia.
The primary Newmont Lake project in the heart of the Golden Triangle covers a
remarkable target-rich region surrounded by active mines and development projects. Planning for an
aggressive field season is well underway and we expect crews will be on the ground in June.
"
Closing of the Arrangement remains subject to satisfaction of certain closing conditions, including The
Supreme Court of British Columbia issuing its Final Order, receipt of final TSX Venture Exchange
approval, and the satisfaction of certain conditions set forth in the arrangement agreement. Subject to
the satisfaction of these closing conditions, the parties currently expect to complete the Arrangement on
or about May
30
, 2025.
Further details regarding the Arrangement, including the principal closing conditions and the anticipated
benefits for shareholders, can be found in Commander's management information circular dated April 9,
2025 in respect of the Meeting, a copy of which can be found under Commander's SEDAR+ profile at
www.sedarplus.ca
.
About Enduro Metals
Enduro Metals is an exploration company focused on its Newmont Lake Project; a total 688km
2
property
located between Eskay Creek, Snip, and Galore Creek within the heart of British Columbia's Golden
Triangle. Building on prior results, Enduro's geological team has outlined multiple deposit environments
of interest across the Newmont Lake Project including high-grade epithermal/skarn gold along the
McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy, newly discovered copper-gold
porphyry mineralization at North Toe, and a large 10km x 4km geochemical anomaly hosting various
gold, silver, copper, zinc, nickel, cobalt, and lead mineralization along the newly discovered Chachi
Corridor.
About Commander Resources
Commander is a Canadian focused exploration company that has leveraged its success in exploration
through a combination of partnerships and sole funded exploration. Commander has a portfolio of base
and precious metal projects across Canada including its flagship Burn Project, a newly discovered
porphyry copper-gold project in the Babine copper belt of central British Columbia and its October
Dome copper and gold porphyry target in central British Columbia and our Sabin VMS project in
Ontario.
On Behalf of the Board of Directors of Commander Resources Ltd.
"
Robert Cameron
"
President and Chief Executive Officer
On Behalf of the Board of Directors of Enduro Metals Corporation
"
Cole Evans
"
Chief Executive Officer
For further information please contact:
Malcolm Davidson - Chief Financial Officer, Corporate Secretary
Tel: +1 (604) 218-9797
Email:
www.endurometals.com
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements".
Such forward
looking statements involve known and unknown risks, uncertainties and other factors that may cause
Enduro's and Commander's actual results, performance or achievements, or developments in the
industry to differ materially from the anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Forward looking statements are statements that are not
historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates,"
"believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or
conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this news
release include statements concerning the parties' expectation that they will complete the Arrangement
and the timing thereof, and all other statements that are not historical in nature.
Although Enduro and Commander believe the forward-looking information contained in this news
release is reasonable based on information available on the date hereof, forward-looking statements by
their nature involve assumptions, known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or implied by such forward-looking
statements.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE
REPRESENTS THE EXPECTATIONS OF ENDURO AND COMMANDER AS OF THE DATE OF
THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE.
READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING
INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER
DATE.
WHILE ENDURO AND COMMANDER MAY ELECT TO, NEITHER OF THEM
UNDERTAKES TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS
REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS
.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/252324