TSX-V KBLT
LAST 4.30
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OTCQX CBLLF

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TSX-V KBLT
LAST $4.30
CHANGE -0.05
  • 2018
  • 2017

Toronto, Ontario – August 14, 2018 - Cobalt 27 Capital Corp. (“Cobalt 27” or the “Company”) (TSXV: KBLT)(FRA: 27O) announces the voting results for the election of its Board of Directors, which took place at the Company’s Annual General and Special Meeting of shareholders, held August 14, 2018 in Toronto, Ontario.  The number of directors was set at seven and all of the nominees listed in the management proxy circular dated July 6, 2018, were elected as directors of Cobalt 27, at the meeting. Detailed results of the votes are set out below:

  Outcome of the Vote Votes for
(#)
Votes for
(%)
Votes
withheld (#)
Votes
withheld (%)
Anthony Milewski Elected 31,514,121 97.82% 703,588 2.18%
Justin Cochrane Elected 32,071,249 99.55% 146,460 0.45%
Nicholas French Elected 31,669,755 98.30% 547,954 1.70%
Frank Estergaard Elected 31,667,708 98.29% 550,001 1.71%
John Kanellitsas Elected 31,671,640 98.31% 546,069 1.69%
Candace MacGibbon Elected 32,172,395 99.86% 45,314 0.14%
Philip Williams Elected 32,070,324 99.54% 147,385 0.46%

Mr. Philip Williams, who was newly elected to the Board of Directors of Cobalt 27, brings more than 15 years of mining and finance industry experience.  His diverse work experience includes roles in corporate development, as a sell-side research analyst, in fund management and most recently as managing director of investment banking focused on the metals and mining sector. In each of these roles, he focused a significant amount of time on the exploration industry.

As a research analyst at Westwind Partners, Mr. Williams worked with a team that covered a range of commodities including precious and base metals, diamonds and uranium.  In late 2008, he joined Pinetree Capital, a natural resource focused investment fund, in the role of VP Business Development.  During his time there, he was responsible for analyzing and monitoring investments and was also appointed to the board of directors of several investee companies.  In 2012, he joined Dundee Capital Markets (now Eight Capital) in the investment banking group.  As a Managing Director, he successfully completed equity financings across a wide range of commodities and was a named advisor on multiple M&A transactions.  Mr. Williams is a Chartered Financial Analyst and holds a Bachelor of Commerce Degree.

At the Annual General and Special Meeting, the shareholders of the Company also approved: (i) the appointment of KPMG LLP as auditors and authorized the directors to fix their remuneration; (ii) authorized the omnibus long-term incentive plan of the Company; and (iii) authorized the amended and restated articles of the Company as set out in the Company’s Information Circular.  The voting results on each resolution are set out below:

Set Number of Directors at 7
Outcome of the Vote  
  Votes for Votes withheld
Carried 32,186,035 31,674
  99.90% 0.10%

 

Appointment of Auditor
Outcome of the Vote  
  Votes for Votes withheld
Carried 36,775,909 34,965
  99.91% 0.09%

 

Approval of Long-Term Incentive Plan
Outcome of the Vote  
  Votes for Votes withheld
Carried 27,878,982 4,338,727
  86.53% 13.47%

 

Approval of Amended and Restated Articles
Outcome of the Vote Votes by Ballot and Virtual Audience
  Votes for Votes withheld
Carried 16,612,991 15,604,718
  51.56% 48.44%

About Cobalt 27 Capital Corp.

Cobalt 27 Capital Corp. is a leading electric metals investment vehicle offering exposure to metals integral to key technologies of the electric vehicle and battery energy storage markets. The Company holds physical cobalt and is acquiring the world’s first producing cobalt nickel stream on the low-cost, long-life Ramu Nickel-Cobalt Mine and a cobalt stream on Vale's world-class Voisey's Bay mine‎ beginning in 2021 including the announced underground expansion.  The Company also manages a portfolio of nine royalties and intends to continue to invest in a cobalt-focused portfolio of streams, royalties and direct interests in mineral properties containing cobalt, while potentially adding to its cobalt physical holdings when opportunities arise.

For further information please visit the Company website at www.cobalt27.com

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. No securities regulatory authority has either approved or disapproved of the contents of this news release. The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise it to reflect new events or circumstances.  The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

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