North Vancouver, BC, Jul. 20, 2018 /CNW/ - Cascadero Copper Corporation (TSXV: CCD; the “Company”) announces that its annual general and special meeting of shareholders (the “Meeting”), which was adjourned on April 20, 2018, was reconvened and completed in Vancouver, British Columbia, on July 19, 2018.
The shareholders approved a motion to fix the number of directors at five, and Bill McWilliam, George Gale, Gary Ostry, Brian Causey and Judith Harder were elected to the Company’s Board of Directors (the “Board”).
The shareholders also (i) approved the re-appointment of Mao & Ying LLP as auditors of the Company for the ensuing year, (ii) authorized the Board to fix the remuneration of the auditors, and (iii) adopted a special resolution authorizing the alteration of the Company’s Notice of Articles to create a class of an unlimited number of Preferred Shares without par value, issuable in series, with special rights and restrictions determined by the Board for each series, if and when issued. Management retains discretion not to proceed with filing of the amendment to the Company’s Notice of Articles with the British Columbia Registrar of Companies, and no decision has been made in this regard.
At a meeting of the Board convened immediately following the Meeting, the following persons were appointed as officers of the Company:
|Bill McWilliam||-||Chairman of the Board|
|Judith Harder||-||President and Chief Executive Officer|
|Sharon Lewis||-||Chief Financial Officer and Corporate Secretary|
The Board also authorized the issuance of 1,000,000 stock options to each of George Gale, Gary Ostry and Brian Causey, in their respective capacities as incoming directors, and 500,000 stock options to a member of the Company’s Advisory Board. The options are exercisable for a period of 3 years, at an exercise price of $0.05 per share.
Cascadero Copper Corporation
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