Arizona Sonoran Announces Annual and Special Meeting Results

Rhea-AI Summary

Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) held its annual and special meeting with 69.92% of issued and outstanding shares represented. Shareholders approved all proposed business items, including reappointing PricewaterhouseCoopers LLP as auditors, approving the equity compensation plan and advanced notice policy, and electing all director nominees. The director election was conducted by ballot, with all nominees receiving over 99% approval. David Laing, George Ogilvie, Isabella Bertani, Alan Edwards, Mark Palmer, and Sarah Strunk were elected to the board. The formal voting results will be filed on SEDAR+.

Positive

• High shareholder participation with 69.92% of shares represented at the meeting
• Unanimous approval of all proposed business items
• Strong support for director nominees with all receiving over 99% approval

Negative

• None.

CASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)-- Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), an emerging US-based copper developer and near-term producer, today announces the voting results from its annual and special meeting (the “Meeting”), held earlier today. A total of 76,531,243 common shares were voted at the meeting representing 69.92% of the issued and outstanding shares. Shareholders voted in favour of the business before the Meeting, being (i) the reappointment of PricewaterhouseCoopers LLP as auditors of the Company, (ii) the approval of the equity compensation plan, (iii) the advanced notice policy, and (iv) the election of all director nominees, all as outlined in the Company’s management information circular dated July 29, 2024 (the “Circular”). The Directors were voted by ballot, as best practice for TSX-listed companies. The results of the ballot are detailed in the table below.

Director	Votes in Favour		Votes Withheld
	Percentage	Number	Percentage	Number
David Laing	99.731%	73,526,765	0.269%	197,996
George Ogilvie	99.711%	73,511,918	0.289%	212,843
Isabella Bertani	99.507%	73,361,161	0.493%	363,600
Alan Edwards	99.919%	73,665,031	0.081%	59,730
Mark Palmer	99.159%	73,104,434	0.841%	620,327
Sarah Strunk	99.905%	73,655,045	0.095%	69,716

The formal report on voting results with respect to all matters voted upon at the Meeting will be filed on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile. A copy of the Circular containing the particulars of the matters voted upon at the Meeting is available on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile.

About Arizona Sonoran Copper Company (www.arizonasonoran.com)
ASCU’s objective is to become a mid-tier copper producer with low operating costs and to develop the Cactus and Parks/Salyer Projects that could generate robust returns for investors and provide a long term sustainable and responsible operation for the community and all stakeholders. The Company's principal asset is a 100% interest in the Cactus Project (former ASARCO, Sacaton mine) which is situated on private land in an infrastructure-rich area of Arizona. Contiguous to the Cactus Project is the Company’s 100%-owned Parks/Salyer deposit that could allow for a phased expansion of the Cactus Mine once it becomes a producing asset. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America complemented by global capital markets expertise.

Forward-Looking Statements
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of ASCU to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash operating costs, failure to obtain regulatory or shareholder approvals.

Although ASCU has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and ASCU disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240917416973/en/

For more information:

Alison Dwoskin, Director, Investor Relations

647-233-4348

adwoskin@arizonasonoran.com

George Ogilvie, President, CEO and Director

416-723-0458

gogilvie@arizonasonoran.com

Source: Arizona Sonoran Copper Company Inc.

FAQ

What was the outcome of Arizona Sonoran Copper Company's (ASCUF) annual and special meeting?

All proposed business items were approved, including reappointing auditors, approving the equity compensation plan and advanced notice policy, and electing all director nominees with over 99% approval.

Who were the director nominees elected at Arizona Sonoran Copper Company's (ASCUF) meeting?

The elected directors were David Laing, George Ogilvie, Isabella Bertani, Alan Edwards, Mark Palmer, and Sarah Strunk, all receiving over 99% approval.

What percentage of Arizona Sonoran Copper Company's (ASCUF) shares were represented at the annual meeting?

69.92% of the issued and outstanding shares were represented at the meeting, totaling 76,531,243 common shares.

Was PricewaterhouseCoopers LLP reappointed as auditors for Arizona Sonoran Copper Company (ASCUF)?

Yes, shareholders voted in favor of reappointing PricewaterhouseCoopers LLP as auditors of the company.