Canada Cobalt Works Inc. AGM Results
COQUITLAM, March 12, 2020 - Canada Cobalt Works Inc. (TSX.V: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Cobalt") announces that the Annual General Meeting was held today, Thursday March 12, 2020 and is pleased to report that all resolutions were approved with over 99% voting in favour in all categories. Resolutions passed are listed below. - The following individuals were re-elected Directors of the Company: Frank J. Basa, Jacques Monette, Dianne Tookenay, Robert Setter and Marc Bamber.
- McGovern, Hurley, Cunningham, Chartered Accountants, were re-appointed as Company auditors.
- Adoption of the Company's 10% rolling share option plan was ratified and approved.
The Board of Directors appointed the following officers of the Company for the ensuing year:
| Frank J. Basa: | President and Chief Executive Officer |
| Thomas P. Devlin: | Chief Financial Officer |
| Tina Whyte: | Secretary |
Frank J. Basa, Jacques F. Monette and Robert Setter were re-appointed as members of the Audit Committee for the upcoming year.
About Canada Cobalt Works Inc.
Canada Cobalt's flagship Castle mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver District of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, and a proprietary hydrometallurgical process known as Re-2OX for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Cobalt is strategically positioned to become a vertically integrated North American leader in cobalt extraction and recovery while it also exploits a powerful new silver-gold market cycle.
"Frank J. Basa"
Frank J. Basa, P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE Canada Cobalt Works Inc.
Contact
Frank J. Basa, P.Eng., President and CEO, 1-416-625-2342; Marc Bamber, Director, mb@buffaloassociates.com, +44-7725-960939