Purecore Metals Inc. press release
First Cobalt Announces Annual Meeting Results
CSE - Canadian National Stock Exchange · Canada
Canada NewsWire
TORONTO, Aug. 26, 2020
TORONTO, Aug. 26, 2020/CNW/ - First Cobalt Corp. (TSXV: FCC) (OTCQX: FTSSF) (the "Company") is pleased to announce the results from its Annual and Special Meeting of Shareholders held yesterday.
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Detailed results of the vote for the election of directors are set out below.
| Nominee | Votes For | % For | Votes Withheld | % Withheld | | Garett Macdonald | 29,281,949 | 97.6% | 716,424 | 2.4% | | Trent Mell | 28,620,594 | 95.4% | 1,377,779 | 4.6% | | CL "Butch" Otter | 29,169,966 | 97.2% | 828,407 | 2.8% | | John Pollesel | 29,251,468 | 97.5% | 746,905 | 2.5% | | Susan Uthayakumar | 29,270,688 | 97.6% | 727,685 | 2.4% |
All other resolutions provided for in the management information circular were also approved.
In connection with the recent appointment of a Vice President, Project Development, the Company has issued 250,000 Restricted Share Units (RSUs) and options granting the rights to purchase 500,000 common shares of First Cobalt exercisable at yesterday's closing price of $0.145for a period of five years. The RSUs and options will both vest over a two-year period. The grants of long-term incentives remain subject to the approval of the TSX Venture Exchange.
About First Cobalt
First Cobalt owns North America'sonly permitted cobalt refinery. Cobalt refining is a critical component in the development and manufacturing of batteries for electric vehicles and forms a foundational piece of the next generation of the North American auto sector and other electrified consumer and industrial applications. First Cobalt also owns a cobalt project in the United Statesand controls significant silver and cobalt assets in the Canadian Cobalt Camp, including more than 50 past producing mines.
On behalf of First Cobalt Corp.
Trent Mell President & Chief Executive Officer
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.
SOURCE First Cobalt Corp.
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