Canter Resources Announces Annual General Meeting Results and Change of Directors

Rhea-AI Summary

Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) announced the successful results of its Annual General Meeting, with over 99% of votes in favor of all resolutions. The company welcomed new directors and highlighted an increase in ownership to over 15% aligning with shareholders' interests. Dale Matheson Carr-Hilton Labonte LLP was re-appointed as auditors, and the board of directors was set at four members. The stock option plan was re-approved, and audit committee appointments were made. Canter Resources Corp. is focused on advancing lithium-boron projects in Nevada and Montana to support the clean energy supply chain in North America.

Positive

• Newly appointed directors increase company ownership to over 15%, aligning with shareholders' interests.

Negative

• The AGM results did not mention specific strategic plans for further company growth.

Vancouver, British Columbia--(Newsfile Corp. - April 29, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 6O1) ("Canter" or the "Company") is pleased to announce the results of its Annual General Meeting (the "AGM") held on April 25, 2024. All resolutions presented to the shareholders were approved with over 99% of votes cast being in favour of each resolution.

"I'd like to welcome our newly appointed directors, with the board now collectively owning more than nine percent of the issued and outstanding common shares," commented Canter CEO, Joness Lang. "After incorporating our other consultants and advisors, that ownership number climbs to more than 15 percent, aligning interests with our broader shareholder group as we take strides towards building a prominent critical metals exploration company. Management would like to extend its gratitude to Maximillian Whiffen and Brian Goss for their contributions to Canter during their tenure. As they transition to new endeavors, we wish them continued success."

As a result of the approved resolutions:

• Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants were re-appointed as auditors of the Company.
• The number of directors was set at four with the following nominees elected as directors: Joness Lang, Eric Saderholm (independent), Ken Cunningham (independent) and Warwick Smith.
• The Company's stock option plan was re-approved.

Following the AGM, the Company appointed Eric Saderholm, Warwick Smith and Ken Cunningham to its Audit Committee.

About Canter Resources Corp.

Canter Resources Corp. is a Canadian junior mineral exploration company advancing the Columbus Lithium-Boron Project in Nevada, USA and the Beaver Creek Lithium Property in Montana, USA. The Company is completing Phase I exploration and drilling at Columbus to test a highly prospective lithium-boron brine target and plans to leverage the Company's critical metals targeting database to generate a portfolio of high-quality projects with the aim of defining mineral resources that support the domestic clean energy supply chain in North America.

For further information contact:

Joness Lang
Chief Executive Officer
Canter Resources Corp.
jlang@canterresources.com

For investor inquiries contact:

Kristina Pillon, High Tide Consulting Corp.
Tel: 604.908.1695
investors@canterresources.com

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/207195

FAQ

What were the results of Canter Resources Corp.'s Annual General Meeting?

Canter Resources Corp. announced that over 99% of votes were in favor of all resolutions presented at the AGM.

What projects is Canter Resources Corp. currently focused on?

Canter Resources Corp. is advancing the Columbus Lithium-Boron Project in Nevada, USA, and the Beaver Creek Lithium Property in Montana, USA.

Who were the newly appointed directors at Canter Resources Corp.?

The newly appointed directors at Canter Resources Corp. include Eric Saderholm, Warwick Smith, and Ken Cunningham.

What is the current ownership percentage of the board members at Canter Resources Corp.?

The board members collectively own over 15% of the issued and outstanding common shares of Canter Resources Corp.

Who were re-appointed as auditors of Canter Resources Corp.?

Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, were re-appointed as auditors of Canter Resources Corp.

What is Canter Resources Corp.'s focus regarding mineral exploration?

Canter Resources Corp. is focused on advancing critical metals exploration projects to support the domestic clean energy supply chain in North America.