Cerro de Pasco Resources Celebrates AGM Results and New Strategies
Cerro de Pasco Resources Celebrates AGM Results and New Strategies
Cerro de Pasco Resources Inc. (CSE: CDPR) (Frankfurt: N8HP) has exciting news as it reflects on the successful results of its annual meeting of shareholders. This significant event, which took place recently, highlighted the corporation's commitment to growth and investor engagement.
Annual Meeting Highlights
At the recent annual meeting, every resolution put up for vote received overwhelming support, with an approval rate exceeding 99%. Shareholders elected eight directors to guide the corporation, including notable figures such as John Booth, Frank Hodgson, Manuel Lizandro Rodriguez, Steven Zadka, Eduardo Loret de Mola, René Branchaud, Guy Goulet, and John Carr.
Adding to the excitement, John Carr was chosen to fill the vacancy created by Keith Brill, who opted not to seek re-election. John Carr, a chemical engineer and former co-founder of New Century Resources, brings a wealth of experience, particularly in managing large-scale mining operations. His extensive background in mining and development will foster innovative strategies for Cerro de Pasco Resources moving forward.
Welcoming New Expertise
In a notable addition to the team, Cerro de Pasco Resources appointed Ms. Donna Yoshimatsu as an independent advisor for investor relations. Her role will be pivotal in enhancing outreach efforts and nurturing the corporation's growing base of institutional investors. With over 30 years in the industry, Donna has held prominent positions with various mid-tier and junior mining companies.
Guy Goulet, President and CEO, expressed enthusiasm about working with Donna, stating that her extensive experience and established connections in the capital markets will significantly benefit the organization's growth strategy.
Stock Options and Continued Growth
Moreover, the corporation has announced the granting of 12,400,000 stock options to key figures, including directors, employees, and consultants. Each option provides the right to purchase one common share at an exercise price of $0.20, with a five-year exercise period. This initiative aligns with Cerro de Pasco Resources' objective of increasing shareholder value while ensuring strong alignment between the company and its leadership.
About Cerro de Pasco Resources Inc.
Cerro de Pasco Resources focuses on the El Metalurgista mining concession, a significant asset that comprises valuable silver-rich mineral tailings. The aim is to rehabilitate and repurpose mining waste while creating sustainable opportunities within a circular economy. This innovative approach positions the corporation as a leader in sustainable mining practices, with one of the largest above-ground resources in the world.
Frequently Asked Questions
What were the results of the AGM for Cerro de Pasco Resources?
The AGM saw all resolutions pass with over 99% approval, including the election of eight directors.
Who is John Carr, and what is his significance to the board?
John Carr is a chemical engineer with extensive mining experience, appointed to fill the board vacancy left by Keith Brill.
What is Donna Yoshimatsu's role in the company?
She serves as an independent advisor for investor relations, focusing on expanding the corporation’s outreach and strengthening its shareholder base.
How many stock options were granted, and what are the terms?
A total of 12,400,000 stock options were granted at an exercise price of $0.20 per share, with a five-year validity period.
What are the goals of Cerro de Pasco Resources?
The company aims to develop its mining concession sustainably, focusing on reprocessing waste and contributing to a circular economy.
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