TORONTO, ONTARIO--(Marketwired - July 27, 2017) - Cordoba Minerals Corp. ("Cordoba" or the "Company") (TSX VENTURE:CDB) (OTCQX:CDBMF) is pleased to announce that its shareholders have approved all items of business brought before them at the Company's annual and special meeting of shareholders held today, including the previously announced acquisition (the "Transaction") from High Power Exploration Inc. ("HPX") of its 51% interest in the San Matias Joint Venture through the acquisition of the shares of HPX Colombia Ventures Ltd., a wholly-owned subsidiary of HPX, and the other transactions contemplated in the share purchase agreement dated June 13, 2017 (the "Share Purchase Agreement").
As the Transaction is considered a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions and Policy 5.9 of the TSXV Corporate Finance Manual, the Company was required to obtain prior approval of the Transaction by a majority of the minority shareholders of the Company at a special meeting of shareholders. At today's meeting, the Transaction resolution was passed with 72.4% of the votes cast being cast in favour of the resolution after excluding the votes of HPX and its related parties and interested directors.
The closing of the Transaction is scheduled to occur on July 31, 2017 and is subject to satisfaction or waiver of those further conditions to closing specified in the Share Purchase Agreement.
Concurrently with the closing of the Transaction, the Company expects to convert the subscription receipts (the "Subscription Receipts") issued in connection with its previously announced C$10 million bought deal private placement offering of Subscription Receipts into common shares and common share purchase warrants of Cordoba.
The nominees listed in the management information circular were elected as directors, as shown in the following table of results.
| Director nominee | Outcome | Votes for | % for | Votes withheld | % withheld |
| Peter Meredith | Elected | 48,786,622 | 93.63 | 3,321,680 | 6.37 |
| Ignacio Rosado | Elected | 49,863,967 | 95.69 | 2,244,335 | 4.31 |
| David Reading | Elected | 49,863,967 | 95.69 | 2,244,335 | 4.31 |
| William Orchow | Elected | 49,863,767 | 95.69 | 2,244,535 | 4.31 |
| Anthony Makuch | Elected | 48,417,267 | 92.92 | 3,691,035 | 7.08 |
| Eric Finlayson | Elected | 49,774,622 | 95.52 | 2,333,680 | 4.48 |
| Govind Friedland | Elected | 49,592,422 | 95.17 | 2,515,880 | 4.83 |
Details of votes on all matters of business considered at the Meeting will be available in the Company's report of voting results filed on SEDAR (www.sedar.com).
The Board of Directors and management would like to thank the Company's shareholders for their continued support.
