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.
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 $0.145 for 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's only 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
States and 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.