Infinitum Announces Results of Annual General and Special Meeting and Shareholder Approval of Kenadyr Transaction
Infinitum Announces Results of Annual General and Special Meeting and
Shareholder Approval of Kenadyr Transaction
VANCOUVER, BC / THE NEWSWIRE / September 19, 2025/ Infinitum Copper Corp. (TSXV: INFI)
(“Infinitum” or the “ Company”) is pleased to announce the voting results on matters considered at its
annual general and special meeting of shareholders held on September 18, 2025 (the “ Meeting”), as well
as an update on the previously announced transaction with Kenadyr Metals Corp. (“Kenadyr”).
A summary of the Meeting results is as follows:
1. Number of Directors
The number of directors was set at four (4). The Company received the following vote with respect to
setting the number of directors:
Votes For % For Votes Against % Against
NUMBER OF DIRECTORS 12,736,093 99.99% 698 0.01%
2. Election of Directors
The nominees listed on the Management Information Circular dated August 13, 2025 (the “Circular”) were
elected as directors of the Company to hold office for the ensuing year or until their successors are elected
or appointed. The Company received the following votes with respect to the election of the four nominees:
Nominee Votes For % For Votes Withheld % Withheld
ALEX GOSTEVSKIKH 12,292,499 98.92% 134,121 1.08%
MICHAEL WOOD 12,292,499 98.92% 134,121 1.08%
STEVEN MCMULLAN 12,292,499 98.92% 134,121 1.08%
GURTERATH (MANNI) BUTTAR 12,292,588 98.97% 134,032 1.03%
3. Appointment of Auditors
De Visser Gray LLP was appointed auditor of the Company to hold office until the close of the next annual
meeting of shareholders or until their successors are appointed, and the directors of the Company were
authorized to fix the remuneration of the auditors. The Company received the following votes with respect
to the election of the auditor:
Votes For % For Votes Withheld % Withheld
DE VISSER GRAY LLP 12,736,176 99.99% 698 0.01%
4. Ratification and Confirmation of Equity Incentive Plan
The Shareholders approved the Company’s Equity Incentive Plan. The Company received the following
votes with respect to the Equity Incentive Plan:
Votes For % For Votes Against % Against
EQUITY INCENTIVE PLAN 12,237,499 98.48% 189,121 1.52%
- 2 -
5. Sale of Exploraciones Margarita S.A.
The Shareholders approved, as a special resolution of disinterested shareholders, the sale and disposition
by the Company to Kenadyr of all the outstanding shares in the capital of Exploraciones Margarita S.A. de
C.V. (“EMSA”), as more particularly set out in the Circular. The Company received the following votes
with respect to the sale and disposition of EMSA:
Votes For % For Votes Against % Against
EQUITY INCENTIVE PLAN 1,425,847 99.99% 773 0.01%
UPDATE ON KENADYR TRANSACTION
As announced on June 20, 2025, the Company entered into a definitive share purchase agreement dated
June 13, 2025 (the “ Agreement”) with Kenadyr (TSXV: KEN.H; OTCMKTS: KNDYF; FRA: KM0) to
sell 100% of the issued and outstanding shares of EMSA.
Following shareholder approval at the Meeting, the Company has now satisfied one of the key conditions
to closing under the Agreement. The transaction remains subject to final approval of the TSX Venture
Exchange and satisfaction or waiver of other customary closing conditions.
The terms of the Agreement remain as follows:
• CAD $100,000 in cash (of which a deposit of $25,000 has been paid), and
• 1,842,719 Kenadyr common shares, which are subject to voluntary resale restrictions with
releases occurring over a period of 18 months.
In addition, for a period of 12 months following the closing of the sale, upon Kenadyr closing any equity
financing up to and totaling $3.5 million, Kenadyr will issue to Infinitum as a post -closing payment, and
for no additional consideration, such number of additional shares that will result in Infinitum continuing to
hold 9.0% of the outstanding shares of Kenadyr, to a maximum of 2,588,000 additional shares.
Kenadyr and Infinitum are arm’s length parties. The transaction represents a "Reviewable Disposition"
under TSXV Policy 5.3, as it constitutes a sale of the majority of the Company’s assets. Consequently,
Infinitum may be reclassified to the NEX board upon closin g, should it no longer meet the TSXV’s
Continued Listing Requirements.
The Company will provide further updates once all regulatory approvals have been received and closing is
imminent.
On Behalf of the Board of Directors
Alex Gostevskikh
Chief Executive Officer
(888) 455-7620
Neither 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.
- 3 -
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward -looking information” within the meaning of Canadian securities
legislation. The forward-looking information contained in this press release represents the expectations of
the Company as of the date of this press release and, accordingly, is subject to change after such date.
Forward-looking information is based on, among other things, opinions, assumptions, estimates and
analyses that, while considered reasonable by the Company at the date the forward-looking information is
provided, are inherently subject to significant risks, uncertainties, contingencies and other factors that may
cause actual results and events to be materially different from those expressed or implied by the forward -
looking information. Specifically, there is no assurance the Company’s sale of its Mexican subsidiary will
occur on the terms and conditions as outlined above, or at all. The risks, uncertainties, contingencies and
other factors that may cause actual results to differ materially from those expressed or implied by the
forward-looking information may include, but are not limited to, risks generally associated with the
Company’s business, as described in the Company’s Filing Statement dated February 11, 2022. Readers
should not place undue importance on forward- looking information and should not rely upon this
information as of any other date. While the Company may elect to, it does not undertake to update this
information at any particular time except as required in accordance with applicable laws.