TORONTO, ONTARIO--(Marketwired - July 7, 2017) - Cordoba Minerals Corp. ("Cordoba" or the "Company") (TSX VENTURE:CDB) is pleased to announce that it has mailed its management information circular and related voting materials (collectively, the "Meeting Materials") to Cordoba shareholders (the "Shareholders") in connection with the annual and special meeting to be held on July 27, 2017 (the "Meeting").
At the Meeting, Shareholders will be asked to approve annual routine matters, such as the election of directors, the appointment of auditors and stock-based compensation matters. Shareholders will also be asked to consider and vote upon a matter of special business concerning the previously announced transactions (the "Transaction") contemplated in the share purchase agreement that the Company entered into on June 13, 2017 with High Power Exploration Inc. ("HPX") and HPX Colombia Ventures Ltd. ("Ventures"), a wholly-owned subsidiary of HPX, providing for, among other things, the acquisition by Cordoba of all of the issued and outstanding common shares of Ventures.
The Meeting Materials have been filed on SEDAR and are available at www.sedar.com and www.cordobaminerals.com.
| Vote using the following methods prior to the Meeting. | Internet | Telephone or Fax | ||||
| Registered Shareholders | ||||||
| Shares held in own name and represented by a physical certificate. | http://www.investorvote.com/ | Telephone: 1-866-732-8683 Fax: 1-866-249-7775 |
Return the form of proxy in the enclosed postage paid envelope | |||
| Non Registered Shareholders | ||||||
| Shares held with a broker, bank or other intermediary. | http://www.proxyvote.com/ | Call or fax to the number(s) listed on your voting instruction form. |
Return the voting instruction form in the enclosed postage paid envelope |
Recommendation of the Board of Directors
The board of directors of Cordoba (the "Board"), with interested directors abstaining, after careful consideration and relying in part, on the recommendation of the special committee of the Board (the "Special Committee"), such committee comprised solely of independent directors, and the fairness opinion of Haywood Securities Inc. dated June 13, 2017, (the "Fairness Opinion") has unanimously determined that the proposed Transaction is fair and in the best interests of Cordoba and recommends that Shareholders vote in favour of the resolutions supporting the Transaction.
Fairness Opinion
The Special Committee has received the Fairness Opinion, which states that in the opinion of Haywood Securities Inc., as of June 13, 2017, based upon and subject to the assumptions, limitations and qualifications contained therein, the consideration to be received by HPX as part of the Transaction is fair, from a financial point of view, to the Shareholders. This is a summary of the Fairness Opinion and is qualified in its entirety by the full text of the Fairness Opinion, which is available in the Meeting Materials.
About High Power Exploration (HPX)
HPX is a privately owned, metals-focused exploration company deploying proprietary in-house geophysical technologies to rapidly evaluate buried geophysical targets. The HPX technology cluster comprises geological and geophysical systems for targeting, modelling, survey optimization, acquisition, processing and interpretation. HPX has a highly experienced board and management team led by Co-Chairman and Chief Executive Officer Robert Friedland, President Eric Finlayson, a former head of exploration at Rio Tinto, and co-chaired by Ian Cockerill, a former Chief Executive Officer of Gold Fields Ltd. For further information, please visit www.hpxploration.com.
