North Vancouver, BC, Canada, June 1, 2023 – Cascadero Copper Corporation (“Cascadero” or the “Company”) (TSXV:CCD) is pleased to announce the results of its annual general meeting of shareholders (the “Meeting”) held on May 30, 2023. All resolutions proposed at the Meeting were duly passed. The resolutions at the Meeting consisted of the following: (1) setting the number of directors at five; (2) electing all director nominees, as listed in the management information circular dated April 27, 2023, to the board of directors of the Company; and (3) re-appointing Mao & Ying LLP as auditor of the Company for the ensuing year and authorizing the board of directors to fix the auditor’s remuneration.
The voting results, with a total of 130,649,578 votes or approximately 43.53% of the Company’s issued and outstanding common shares represented at the Meeting, are summarized as follows:
| Vote For | Votes Against or Withheld/Abstained | |||
| (#) | (%) | (#) | (%) | |
| Setting Number of Directors | 90,199,491 | 99.97 | 29,000 | 0.03 |
| Election of Nelson Borch | 90,223,491 | 99.99 | 5,000 | 0.01 |
| Election of Tony Cau | 90,223,491 | 99.99 | 5,000 | 0.01 |
| Election of David Dreisinger | 90,223,491 | 99.99 | 5,000 | 0.01 |
| Election of George Gale | 90,223,491 | 99.99 | 5,000 | 0.01 |
| Election of Lorne Harder | 90,182,825 | 99.95 | 45,666 | 0.05 |
| Appointment of Mao & Ying LLP as Auditor | 129,773,991 | 99.33 | 875,587 | 0.67 |
Following the Meeting, the Board of Directors appointed Lorne Harder as Chairman of the Board, George Gale as Interim Chief Executive Officer and Interim President, and Natasha Tsai as Chief Financial Officer and Corporate Secretary. Lorne Harder, Tony Cau and Nelson Borch have been appointed as members of the Company’s Audit Committee with Tony Cau as Chair. David Dreisinger, Tony Cau and Lorne Harder have been appointed as members of the Company’s Compensation Committee with David Dreisinger as Chair.
About Cascadero Copper Corporation
Cascadero Copper Corporation is focused on the exploration and development of its properties located in Salta, Argentina. The Company currently has a joint venture with Golden Minerals on its Sarita Este license. In addition, the Company has newly appointed technical advisors to work with the board and management to provide advice on exploration and development of the Cascadero mineral properties in Argentina and on other future properties of merit. The Cascadero research and development team that was instrumental in developing the patent-pending mineral processing flowsheet on Taron mineral samples are expected to continue their work under the guidance of the Board.
All material information on the Company may be found on its website at www.cascadero.com and on SEDAR at www.sedar.com.
For further information, please contact:
Dr. George Gale
Interim CEO
Tel: 604-985-3327
Neither the 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.
