Kobo Resources Announces Results of its Annual and Special Meeting of Shareholders and Other Corporate Matters
Kobo Resources Announces Results of its
Annual and Special Meeting of Shareholders
and Other Corporate Matters
QUEBEC CITY--(BUSINESS WIRE)--June 21, 2023--Kobo Resources Inc. ("Kobo” or the
"Company") (TSX.V: KRI) is pleased to announce that the nominees, namely Paul Sarjeant,
Frank Riccciuti, Patrick Gagnon, Jeff Hussey, Charles R. Spector and Edouard Gosselin,
presented in the Management Information Circular dated May 1, 2023 for the Company’s
Annual and Special Meeting of Shareholders (the “Meeting”) held on Monday, June 12, 2023
were elected as directors of the Company.
All other items of business set forth in the Circular and considered at the Meeting were passed by
the shareholders of Kobo, including the appointment of BDO Canada LLP as auditors for the
ensuing year. Kobo’s board would like to express its gratitude to its shareholders for their
continued support.
Options Grant
The Company announces that it has granted a total of 2,075,000 stock options (“Options”) to
purchase common shares of the Company to certain directors, officers, employees and
consultants pursuant to the Company’s 9.5% fixed stock option plan (the “Company’s Stock
Option Plan”). Such Options are exercisable into common shares of the Company at an exercise
price of $0.30 per common share for a period of 10 years from the date of grant as per the
Company’s Stock Option Plan. Twenty-five per cent (25%) of the Options vest every 3 months
following their grant date.
CEO Interview with Crux Investor
Mr. Edouard Gosselin, CEO and Director of Kobo, participated in a sit-down interview with
Matthew Gordon from Crux Investor to discuss the Company's exciting new gold discovery at its
Kossou Gold Project in Cote d'Ivoire. As part of his presentation, Mr. Gosselin also provided an
update on the Company's future plans in 2023, including its fully funded maiden drill program as
well as an overview of future plans during the remainder of the year.
Watch the full interview here.
Investor Relations Consultant
The Company announces that it has retained the services of Renmark Financial Communications
Inc. (“Renmark”) to handle its investor relations activities. Renmark was engaged to heighten
market and investor awareness for the Company and broaden the Company’s reach within the
investment community.
Renmark has been engaged for an initial 7-month period (the “Initial Term”) which will
commence on July 1, 2023. The term will automatically continue after the Initial Term monthly,
unless terminated in accordance with the investor relations agreement among the parties. As
consideration for the services rendered by Renmark, the Company will pay Renmark a monthly
fee of CAD$7,000 during the Initial Term. The Company and Renmark act at arm’s length, and
Renmark has no present interest, directly or indirectly, in the Company or its securities, or any
right or present intent to acquire such an interest.
Renmark is a full-service investor relations firm representing small, medium, and large cap
public companies trading on all major North American exchanges. Renmark facilitates
connections between their clients and key stakeholders in order to assist their clients in
efficiently achieving their milestones. Renmark has offices in Toronto, Montreal, New York, and
Atlanta.
About Kobo Resources Inc.
Kobo Resources is a growth-focused gold exploration company with a compelling new gold
discovery in Cote d’Ivoire, one of West Africa’s most prolific and developing gold districts,
hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold
Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is
directly adjacent to one of the region’s largest gold mines with established processing facilities.
The Company is drilling to unlock the potential size and scale of Kossou within 9+ km strike
length of highly prospective gold in soil geochemical anomalies with excellent rock and trench
sampling results. The Company’s 2023 exploration plan calls for over 8,000 meters of reverse
circulation drilling with an immediate goal of defining significant near surface zones of gold
mineralisation. Kobo offers investors the exciting combination of high-quality gold prospects led
by an experienced leadership team with in-country experience.
Kobo’s common shares trade on the TSX Venture Exchange under the symbol "KRI”. For more
information, please visit www.koboresources.com.
Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement on Forward-looking Information:
This news release contains “forward-looking information” and “forward-looking statements”
(collectively, “forward-looking statements”) within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of historical fact, are forward-
looking statements and are based on expectations, estimates and projections as at the date of this
news release. Any statement that involves discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions, future events or performance (often but not
always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or
“does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or
“intends” or variations of such words and phrases or stating that certain actions, events or
results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are
not statements of historical fact and may be forward-looking statements Forward-looking
statements are necessarily based upon a number of estimates and assumptions that, while
considered reasonable, are subject to known and unknown risks, uncertainties, and other factors
which may cause the actual results and future events to differ materially from those expressed or
implied by such forward-looking statements. Such factors include, but are not limited to: general
business, economic, competitive, political and social uncertainties; and the delay or failure to
receive board, shareholder or regulatory approvals. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should not place undue reliance
on the forward-looking statements and information contained in this news release. Except as
required by law, Kobo assumes no obligation and/or liability to update the forward-looking
statements of beliefs, opinions, projections, or other factors, should they change, except as
required by law.
Contacts
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
Renmark Financial Communications Inc.
Steve Hosein
1-416-644-2020 or 1-212-812-7680