Cosa Resources Announces Voting Results from Its Annual General Meeting

Rhea-AI Summary

Cosa Resources Corp. (TSXV: COSA, OTCQB: COSAF, FSE: SSKU) announced the voting results from its Annual General and Special Meeting of Shareholders held on June 12, 2024.

Shareholders approved all matters, including the reappointment of D&H Group LLP as auditors (99.98% in favor), setting the number of directors at five (99.95% in favor), and ratifying the Stock Option Plan (98.77% in favor).

A total of 14,602,734 common shares (25.75% of outstanding shares) were voted.

Directors elected were Steve Blower (99.87% in favor), Keith Bodnarchuk (99.01% in favor), Janine Richardson (99.87% in favor), Wes Short (99.82% in favor), and Ted Trueman (99.86% in favor).

Positive

• Shareholders voted 99.98% in favor of reappointing D&H Group LLP as auditors.
• Shareholders voted 99.95% in favor of setting the number of directors at five.
• Shareholders voted 98.77% in favor of ratifying and approving the Stock Option Plan.
• Approximately 25.75% of the Company's outstanding common shares were represented at the Meeting.
• High approval ratings for directors: Steve Blower (99.87%), Keith Bodnarchuk (99.01%), Janine Richardson (99.87%), Wes Short (99.82%), and Ted Trueman (99.86%).

Negative

• Only 25.75% of the outstanding shares were represented, which could indicate moderate shareholder engagement.

Vancouver, British Columbia--(Newsfile Corp. - June 13, 2024) - Cosa Resources Corp. (TSXV: COSA) (OTCQB: COSAF) (FSE: SSKU) ("Cosa" or the "Company") is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders ("the "Meeting"), held on June 12^th, 2024.

Shareholders voted in favour of all matters of business before the Meeting. Each of those matters is set out in detail in the Management Information Circular published in connection with the Meeting, which is available on the Company's website www.cosaresources.ca.

A total of 14,602,734 common shares, representing approximately 25.75% of the Company's outstanding common shares, were voted in person and by proxy at the Meeting. Shareholders voted in favour of (a) reappointing D&H Group LLP as auditors of the Company (99.98% in favour), (b) setting the number of directors at five (99.95% in favour), and (c) ratifying and approving the Company's Stock Option Plan (98.77% in favour).

Election of Directors

The following nominees listed in the Management Information Circular were elected as directors of the Company until the next annual meeting of shareholders or until the successors are elected or appointed, with the voting results being as follows:

Nominee	Votes For	% For	Votes Withheld	% Withheld
Steve Blower	14,583,034	99.87	19,700	0.13
Keith Bodnarchuk	14,457,734	99.01	145,000	0.99
Janine Richardson	14,583,734	99.87	19,000	0.13
Wes Short	14,575,734	99.82	27,000	0.18
Ted Trueman	14,582,898	99.86	19,836	0.14

 

About Cosa Resources

Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 209,000 ha across multiple projects in the Athabasca Basin region, all of which are underexplored, and the majority reside within or adjacent to established uranium corridors.

Cosa's award-winning management team has a long track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for their previous involvement in discovering IsoEnergy's Hurricane deposit. Prior to Hurricane, Cosa personnel led teams or had integral roles in the discovery of Denison Mines' Gryphon deposit and 92 Energy's Gemini Zone and held key roles in the founding of both NexGen and IsoEnergy.

Cosa's primary focus through 2024 is initial drilling at our Ursa Project, which captures over 60-kilometres of strike length of the Cable Bay Shear Zone, a regional structural corridor with known mineralization and limited historical drilling. It potentially represents the last remaining eastern Athabasca corridor to not yet yield a major discovery. Modern geophysics completed by Cosa in 2023 identified multiple high-priority target areas characterized by conductive basement stratigraphy beneath or adjacent to broad zones of inferred sandstone alteration - a setting that is typical of most eastern Athabasca uranium deposits. Initial drilling results from Ursa in winter 2024 are positive and include the intersection of a broad zone of alteration with associated structure in the Athabasca sandstone located 250 to 460 metres above the sub-Athabasca unconformity. Follow-up is planned in the second half of 2024.

For further information on Cosa Resources, please contact:

Keith Bodnarchuk, President & CEO
Tel: +1 888-899-2672 (COSA)
Email: info@cosaresources.ca
Website: www.cosaresources.ca

Cautionary Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking information within the meaning of Canadian securities laws (collectively "forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include but are not limited to statements regarding, the Company's exploration and development plans. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including the price of uranium and other commodities; costs of exploration and development; the estimated costs of development of exploration projects; the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/212828

FAQ

What were the results of Cosa Resources' Annual General Meeting 2024?

Shareholders approved all matters, including reappointing auditors, setting the number of directors, and ratifying the Stock Option Plan.

What percentage of Cosa Resources' shareholders voted in favor of reappointing auditors?

99.98% of shareholders voted in favor of reappointing D&H Group LLP as auditors.

How many directors were elected at Cosa Resources' 2024 meeting?

Shareholders set the number of directors at five.

What percentage of Cosa Resources' shareholders approved the Stock Option Plan?

98.77% of shareholders approved the Stock Option Plan.

Who were elected as directors at Cosa Resources' 2024 Annual General Meeting?

Steve Blower, Keith Bodnarchuk, Janine Richardson, Wes Short, and Ted Trueman were elected as directors.

What percentage of Cosa Resources' outstanding shares were voted at the 2024 Annual General Meeting?

Approximately 25.75% of the Company's outstanding shares were voted at the Meeting.