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Carube Copper gets shareholder approval to change name to C3 Metals Inc

The meeting also saw the re-election of Tony Manini, Alar Soever, Zimi Meka, Stephen Hughes and Yale Simpson and the election of Kimberly Ann Arntson as directors

Carube Copper -
The appointment of PricewaterhouseCoopers LLP as the firm's auditors was also confirmed

Carube Copper Corp (CVE:CUC) (OTCMKTS:CARCF) said the plan to change its name to C3 Metals Inc was approved by over 96% of shareholder votes at an annual general and special meeting held in Toronto on February 28.

In a statement, the resource group added that around 24% of the outstanding shares of the company were represented at the meeting by proxy or in person.

READ: Carube Copper completes LARG acquisition and welcomes Arntson as director; CEO Hughes to take temporary leave

The meeting also saw the re-election of Tony Manini, Alar Soever, Zimi Meka, Stephen Hughes and Yale Simpson and the election of Kimberly Ann Arntson as directors.

The appointment of PricewaterhouseCoopers LLP as the firm's auditors was also confirmed.

A stock option plan and the reservation for issuing the maximum number of shares permitted under the plan was approved by around 94% of disinterested votes cast at the meeting.

Also in Monday's statement, the firm said it aims to extend the expiry on over 24 million warrants, exercisable to buy company shares at C$0.10 each, subject to the approval of the TSX Venture Exchange.

The warrants were issued under a private placing, which had closings on March 22 and March 29, 2018.

The expiry dates will be extended by a one-year period to March 22, 2021 and March 29, 2021. All other terms and conditions of the warrants remain unchanged.

Last month, Carube revealed it had now completed the previously announced acquisition of Latin America Resource Group (LARG), whose main asset is the 5,696-hectare Jasperoide copper-gold project. Due diligence by Carube has identified the potential for porphyry-style copper-gold mineralization at the project.

Contact the author at giles@proactiveinvestors.com

Quick facts: C3 Metals Inc.

Price: 0.05 CAD

TSX-V:CCCM
Market: TSX-V
Market Cap: $18.76 m
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Carube Copper readies for next stage of company as C3 Metals

C3 Metals (CVE: CCCM) Executive Chairman Tony Manini joined Steve Darling from Proactive Vancouver to share news the company is going forward under the name C3 Metals Corp and with a new ticker CCCM on the TSX Venture Exchange. Manini telling Proactive why they made the name and ticker change...

on 12/8/20

2 min read