Canada Silver Reminds Shareholders to Vote IN Favour of the Plan of Arrangement and Related Matters
CANADA SILVER REMINDS SHAREHOLDERS TO VOTE IN FAVOUR OF
THE PLAN OF ARRANGEMENT AND RELATED MATTERS
- Canada Silver Cobalt to transfer the Graal property located in Québec to its subsidiary Coniagas Battery Metals
with the intention of Coniagas becoming a supplier to the electric vehicle (“EV”) market
- Annual and special meeting of shareholders to be held on October 31, 2023 to approve the transaction
Coquitlam, BC – October 20, 2023 – Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt:
4T9B) (the "Company" or "Canada Silver Cobalt") announces that further to the Company’s news release dated
September 26, 2023 the Company will hold an annual and special meeting of shareholders on October 31,
2023 to approve the plan of arrangement, among other things. A copy of the Company’s management
information circular is available on the Company’s website at www.canadasilvercobaltworks.com and under
the Company’s profile on SEDAR+ at www.sedarplus.ca. An Arrangement Agreement entered into between
the Company and Coniagas and the plan of arrangement will be annexed to the circular as schedules. If
shareholders approve the plan of arrangement and related matters at the meeting, the Company will seek a
final order for the plan of arrangement from the British Columbia Supreme Court on November 3, 2023.
The Company encourages all shareholders to review the circular and its schedules and to vote their shares
prior to the meeting.
How to Vote
If you are a registered Canada Silver Cobalt shareholder your vote by proxy must be received before 10:00
am pacific standard time on October 27, 2023, or, if the Meeting is adjourned or postponed, at least 48 hours
(excluding Saturdays, Sundays and statutory holidays in the Province of British Columbia) before the
beginning of any adjourned or postponed meeting.
If you are a Non-Registered Canada Silver Cobalt Shareholder (for example, if you hold Canada Silver Cobalt
Shares in an account with an intermediary), you should follow the voting procedures described in the form
of proxy or voting instruction form provided by your intermediary or call your intermediary for information
as to how you can vote your Canada Silver Shareholder Shares. Note that the deadlines set by your
intermediary for submitting your form of proxy or voting instruction form may be earlier than the dates
described above.
Your vote is important. If you have any questions regarding the terms of the Proxy
Solicitation or requests for assistance relating to the procedures for delivering instructions,
please contact Frank Basa, CEO of the Company at 416-625-2342 or by email at
[email protected] or Wayne Cheveldayoff, Corporate Communications at 416-710-
2410 or by email at [email protected]
Canada Silver Cobalt Works Inc.
3028 Quadra Court
Coquitlam, B.C. V3B 5X6
CanadaSilverCobaltWorks.com
Page 2 of 3
About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East
located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-
class silver-cobalt mining district of Northern Ontario. The Company has completed a 60,000 m drill
program aimed at expanding the size of the deposit with an update to the resource estimate underway.
In May 2020, based on a small initial drill program, the Company published the region’s first 43-101
resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising
very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from
two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately
400 meters. Note that mineral resources that are not mineral reserves and do not have demonstrated
economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource
estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for
Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of
July 13, 2020.
The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently
completed a nearly 16,000-metre drill program on the Graal property; (2) the prospective 1,000-hectare
Eby-Otto gold property close to Agnico Eagle’s high-grade Macassa Mine near Kirkland Lake, Ontario where
it is exploring; and (3) lithium property – 230 square kilometers of greenfield exploration ground focussed
along a significant volcanic sedimentary rock – Archean granite contact near Cochrane, Ontario contiguous
to Power Metals’ Case Lake Lithium properties.
Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle property feature strong
exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned
Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich
gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary
hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as
nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a
Canadian leader in the silver-cobalt space. More information is available at
www.canadasilvercobaltworks.com.
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342
or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Page 3 of 3
Caution Regarding Forward-Looking Statements
This news release may contain forward-looking statements regarding Canada Silver Cobalt Works Inc. (the “Company”) and
Coniagas Battery Metals Inc. (“Coniagas”) which include, but are not limited to, comments that involve future events and
conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address
the proposed distribution of common shares and common share purchase warrants of Coniagas to the shareholders of the
Company, the proposed private placement by Coniagas and proposed listing of Coniagas on a Canadian stock exchange, resource
potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of
funds, and others are forward-looking. No assurance can be given that any of the foregoing will be achieved. Forward-looking
statements are not guarantees of future performance and actual results may vary materially from those statements. General
business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed
discussion of the risk factors in connection with the proposed plan of arrangement will be set out in the Company’s management
information circular, which will be available under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s
website.