Voluntary Delisting of International Cobalt Shares from Canadian Stock Exchange Approved by Disinterested Shareholders
VANCOUVER, British Columbia, Nov. 23, 2022 (GLOBE NEWSWIRE) — International Cobalt Corp. (CSE:CO) (the “Company” Where “international cobalt”) announces that at the special meeting of shareholders of the Company held on November 22, 2022, disinterested shareholder approval was obtained to delist (the “Delisting”) the common shares of the Company from the Canadian Securities Exchange (the “CSE” or the “Stock Exchange”). A total of 4,519,735 shares out of a total of 18,496,121 issued and outstanding shares were deposited at the meeting (representing 24.44% of the votes cast). Of the shares issued, 4,179,665 shares voted in favor of the Delisting (i.e. 92.48%) and 340,070 shares voted against the Delisting (i.e. 7.52%). No shares held by interested shareholders voted on the resolution. The CSE has approved the Company’s request to delist its common shares from the Exchange effective at the close of trading on November 30, 2022. Notwithstanding the delisting, the Company will continue to be subject to ongoing disclosure obligations and other obligations as a reporting issuer under Canadian securities laws.
About International Cobalt Corp.
International Cobalt is a Canadian-based mining exploration and development company focused on the growing battery metals sector. The company seeks to create value for its shareholders by sourcing and developing projects in safe and progressive jurisdictions adhering to strict environmental and social standards.
INTERNATIONAL COBALT CORP.
Eugene Beukman, director
The CSE has in no way passed on the merits of the transaction and related transactions and has in no way approved or disapproved of the contents of this press release. CSE has not reviewed and accepts no responsibility for the adequacy or accuracy of this press release.
Certain information contained herein constitutes “forward-looking information” under Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the transaction, its completion and use of proceeds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “will” or variations of these words and phrases or statements that certain actions, events or results “will occur.” Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ. are materially different from those expressed or implied. by such forward-looking statements or information, including receipt of all necessary regulatory and shareholder approvals. Although the Company’s management has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements or information, there may be other factors that cause the results are not those anticipated, estimated or intended. . There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information incorporated by reference herein, except as required by applicable securities laws.
Readers are cautioned that the foregoing lists of risks, uncertainties and other factors are not exhaustive. The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. contained in this press release or in any other document filed with the Canadian securities authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.