Cornish Metals Inc. Announces Special Meeting of Shareholders to Be Held on March 18, 2025
Cornish Metals Inc. (AIM/TSX-V: CUSN) ("Cornish Metals" or the "Company"), a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom, announces that a special meeting of its shareholders is scheduled to take place in a virtual-only format conducted via live audio teleconference on Tuesday, March 18, 2025, at 9am (Vancouver time) / 4pm (London time) (the "Meeting") to seek the shareholder approvals necessary to complete the previously announced fundraising to raise gross proceeds of £57.4 million (see news releases dated January 28, 2025 and January 31, 2025 here). At the Meeting, shareholders of the Company will be asked to pass: (i) an ordinary resolution of disinterested shareholders of the Company to approve the creation of the National Wealth Fund Limited as a new "control person" of the Company; (ii) an ordinary resolution of the shareholders of the Company to authorise the directors of the Company to allot shares in the Company; (iii) an extraordinary resolution of the shareholders of the Company to authorise the directors of the Company to allot certain equity securities for cash in connection with the fundraising without first having to offer them on a pre-emptive basis to existing shareholders; and (iv) an ordinary resolution of the shareholders of the Company to approve a proposed performance share plan.
Further information in respect of the resolutions that shareholders will be asked to pass at the Meeting, and details of how to vote and participate in the virtual Meeting are provided in the Management Proxy Circular in respect of the Meeting, which has been filed on the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's corporate website at www.cornishmetals.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Don Turvey"
Don Turvey
Engage with us directly at our investor hub. Sign up at: https://investors.cornishmetals.com/link/8r63GP
For additional information please contact:
| Cornish Metals | Fawzi Hanano Irene Dorsman | investors@cornishmetals.com info@cornishmetals.com |
| Tel: +1 (604) 200 6664 | ||
| SP Angel Corporate Finance LLP (Nominated Adviser & Joint Broker) | Richard Morrison Charlie Bouverat Grant Barker | Tel: +44 203 470 0470 |
| Hannam & Partners (Financial Adviser) | Matthew Hasson Andrew Chubb Jay Ashfield | cornish@hannam.partners Tel: +44 207 907 8500 |
| Cavendish Capital Markets Limited (Joint Broker) | Derrick Lee Pearl Kellie | Tel: +44 131 220 6939 |
| BlytheRay (Financial PR) | Tim Blythe Megan Ray | tim.blythe@blytheray.com megan.ray@blytheray.com Tel: +44 207 138 3204 |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
