Cordoba Minerals Announces Voting Results from Special Meeting of Shareholders
Cordoba Minerals (OTCQB: CDBMF) announced that shareholders have overwhelmingly approved two key resolutions at a special meeting held on September 15, 2025. The first resolution, passing with 100% approval, authorizes the sale of the company's remaining 50% stake in the Alacrán Project and other Colombian exploration assets. The second resolution, approved with 99.99% support, enables a cash distribution to shareholders through a plan of arrangement.
The transaction is expected to close in Q4 2025, pending Environmental Impact Assessment approval from Colombia's ANLA and final TSXV approval. This strategic move will allow Cordoba to focus on developing its Perseverance Project.
Cordoba Minerals (OTCQB: CDBMF) ha annunciato che gli azionisti hanno approvato all'unanimità due risoluzioni chiave in una riunione straordinaria tenutasi il 15 settembre 2025. La prima risoluzione, approvata con 100% di consenso, autorizza la vendita della rimanente partecipazione del 50% nel Progetto Alacrán e altre attività di esplorazione in Colombia. La seconda risoluzione, approvata con il 99,99% di supporto, permette una distribuzione in contanti agli azionisti tramite un piano di concordato.
La transazione dovrebbe chiudersi nel Q4 2025, in attesa dell'approvazione della Valutazione di Impatto Ambientale da parte dell'ANLA della Colombia e dell'approvazione finale da parte del TSXV. Questa mossa strategica permetterà a Cordoba di concentrarsi sullo sviluppo del Progetto Perseverance.
Cordoba Minerals (OTCQB: CDBMF) anunció que los accionistas aprobaron por abrumadora mayoría dos resoluciones clave en una reunión extraordinaria celebrada el 15 de septiembre de 2025. La primera resolución, con 100% de aprobación, autoriza la venta de la participación restante del 50% en el Proyecto Alacrán y otros activos de exploración en Colombia. La segunda resolución, con un 99,99% de apoyo, permite una distribución en efectivo a los accionistas a través de un plan de acuerdo.
La transacción se espera que se cierre en Q4 2025, pendiente de la aprobación de la Evaluación de Impacto Ambiental por parte de ANLA de Colombia y la aprobación final de TSXV. Este movimiento estratégico permitirá a Cordoba centrarse en el desarrollo de su Proyecto Perseverance.
Cordoba Minerals (OTCQB: CDBMF)는 2025년 9월 15일에 개최된 특별 주주총회에서 주주들이 두 가지 주요 결의안을 압도적으로 승인했다고 발표했습니다. 첫 번째 결의안은 100% 찬성으로 통과되며, Alacrán 프로젝트의 남은 50% 지분과 콜롬비아의 다른 탐사 자산의 매각을 승인합니다. 두 번째 결의안은 99.99% 지지로 승인되어 주주들에게 현금 배당을 위한 합의 계획(plan of arrangement)을 가능하게 합니다.
거래는 2025년 4분기에 마감될 예정이며, 콜롬비아의 ANLA가 환경영향평가를 승인하고 TSXV의 최종 승인을 받는 것을 전제로 합니다. 이 전략적 조치를 통해 Cordoba는 Perseverance 프로젝트 개발에 집중할 수 있게 됩니다.
Cordoba Minerals (OTCQB: CDBMF) a annoncé que les actionnaires ont massivement approuvé deux résolutions clés lors d'une assemblée extraordinaire tenue le 15 septembre 2025. La première résolution, approuvée à 100%, autorise la vente de la participation restante de 50% dans le Projet Alacrán et d'autres actifs d'exploration en Colombie. La seconde résolution, approuvée à 99,99%, permet une distribution en espèces aux actionnaires via un plan d'arrangement.
La transaction devrait être clôturée au Q4 2025, sous réserve de l'approbation de l'Évaluation d'impact environnemental (EIE) par l'ANLA de Colombie et de l'approbation finale du TSXV. Cette démarche stratégique permettra à Cordoba de se concentrer sur le développement de son Perseverance Project.
Cordoba Minerals (OTCQB: CDBMF) gab bekannt, dass die Aktionäre bei einer außerordentlichen Hauptversammlung am 15. September 2025 zwei wichtige Beschlüsse mit überwältigender Mehrheit genehmigt haben. Der erste Beschluss, mit 100% Zustimmung, autorisiert den Verkauf der verbleibenden 50%-Beteiligung am Alacrán-Projekt sowie weiterer Explorationsaktiva in Kolumbien. Der zweite Beschluss, mit 99,99% Zustimmung genehmigt, ermöglicht eine Barauszahlung an die Aktionäre über einen Plan der Vereinbarung.
Die Transaktion soll im Q4 2025 abgeschlossen werden, vorbehaltlich der Genehmigung der Environmental Impact Assessment (EIA) durch die ANLA Kolumbiens und der endgültigen Genehmigung durch TSXV. Diese strategische Maßnahme ermöglicht Cordoba, sich auf die Entwicklung des Perseverance-Projekts zu konzentrieren.
Cordoba Minerals (OTCQB: CDBMF) أعلنت أن المساهمين وافقوا بغالبية ساحقة على قرارين رئيسيين في اجتماع خاص عُقد في 15 سبتمبر 2025. القرار الأول، بتصويت 100%، يمنح الموافقة على بيع الحصة المتبقية للشركة بنسبة 50% من مشروع ألاكران وأصول استكشافية أخرى في كولومبيا. القرار الثاني، الذي وافق عليه بنسبة 99.99%، يتيح توزيعاً نقدياً للمساهمين من خلال خطة ترتيب.
من المتوقع أن تُغلق الصفقة في الربع الرابع من 2025، بشرط موافقة ANLA في كولومبيا على تقييم الأثر البيئي والموافقة النهائية من TSXV. ستتيح هذه الخطوة الاستراتيجية لـ Cordoba التركيز على تطوير مشروع Perseverance.
Cordoba Minerals（OTCQB：CDBMF）宣布，股东在于2025年9月15日举行的特别会议上以压倒性多数通过了两项关键决议。第一项决议以100%通过，授权出售公司在Alacrán 项目剩余的50%股权以及其他哥伦比亚探索资产。第二项决议以99.99%的支持通过，允许通过一项安排计划向股东分发现金。
交易预计将于2025年第四季度完成，需等待哥伦比亚ANLA的环境影响评估批准以及TSXV的最终批准。这一战略举措将使Cordoba专注于开发其 Perseverance 项目。
- Unanimous shareholder approval (100%) for the sale of Colombian assets
- Strategic focus shift to the promising Perseverance Project
- Upcoming cash distribution to shareholders
- Streamlined portfolio through divestment of non-core assets
- Transaction closing dependent on pending regulatory approvals
- Complete exit from Colombian market reducing geographical diversification
Vancouver, British Columbia--(Newsfile Corp. - September 15, 2025) - Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) (otherwise "Cordoba" or the "Company") announces today that all resolutions were overwhelmingly approved by Cordoba shareholders ("Shareholders") at its special meeting held on September 15, 2025, as follows:
To pass a special resolution of Shareholders to approve the proposed sale of the Company's remaining
Voting results for the Transaction resolution
100.00% of the votes cast by Shareholders present in person or represented by proxy at the Meeting, exceeding the required two-thirds (662/3%) majority; and100.00% of the votes cast by Shareholders, excluding those required to be excluded under the policies of the TSX Venture Exchange, exceeding the required simple majority.
To pass a special resolution of Shareholders to approve the proposed plan of arrangement under the BCBCA, in connection with a cash distribution to Shareholders (the "Distribution"), under which Cordoba will make a cash distribution to Shareholders, the full text of which is set forth on Schedule "C" in the Circular.
Voting results for the Distribution resolution
99.99% of the votes cast by Shareholders present in person or represented by proxy at the Meeting, exceeding the required two-thirds (662/3%) majority; and99.99% of the votes cast by Shareholders, excluding those required to be excluded under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, present in person or represented by proxy at the Meeting, exceeding the required simple majority.
"We appreciate the strong support of our shareholders in approving the Transaction and Distribution," said Sarah Armstrong-Montoya, President & CEO. "This decision enables us to sharpen our focus on our Perseverance Project where we are well-positioned to advance our key exploration opportunities to continue to build long-term value."
Transaction Next Steps
The closing of the Transaction is anticipated to take place in the fourth quarter of 2025, upon the satisfaction of all conditions to the completion of the Transaction, including the receipt of approval of the Environmental Impact Assessment ("EIA") for the Alacrán Project by Colombia's Autoridad Nacional de Licencias Ambientales ("ANLA"), and the final approval of the TSX Venture Exchange ("TSXV").
About Cordoba
Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects. Cordoba is jointly developing the Alacrán Project with JCHX Mining Management Co., Ltd., located in the Department of Cordoba, Colombia. Cordoba also holds a
ON BEHALF OF THE COMPANY,
Sarah Armstrong-Montoya, President and Chief Executive Officer
Information Contact
comms@cordobaminerals.com
(604) 689-8765
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the Transaction, including the completion of the Transaction and the expected timing of completion, the expected approvals required for the Transaction and Distribution and the timing thereof, including the final approval of the TSXV, and ANLA approval of the EIA. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Cordoba operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include title to mineral property risks; reliability of Mineral Resource and Mineral Reserve estimates; going concern risks; the availability of capital and financing generally for the development of the Alacrán Project; a deterioration of security on site in Colombia or actions by the local community that inhibits access and/or ability to productively work on site; community relations and construction activities; fluctuations in the price of metals and the anticipated future prices of such metals; stock market volatility; unanticipated changes in general business and economic conditions or conditions in the financial markets; certain shareholders exercising significant control over the Company; foreign entity risks; loss of key personnel; negative operating cash flow; changes in interest or currency exchange rates; risks related to foreign operation including changes to taxation, social unrest, and changes in national and local government legislation; regulatory risks; uninsured risks; environmental risks; competition; risks related to participation in joint ventures; legal disputes or unanticipated outcomes of legal proceedings; changing global financial conditions; force majeure; conflicts of interest; cyber security incidents; and the potential effects of international conflicts on the Company's business; human error, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law. Readers are cautioned not to put undue reliance on these forward-looking statements.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266534
FAQ
What did Cordoba Minerals (CDBMF) shareholders approve in the September 2025 special meeting?
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