TORONTO, March 14, 2018 /CNW/ - Peat Resources Limited
(the "Company") (TSXV: PET) held its Annual and a Special
Meeting of Shareholders on March 13,
2018 (the "Meeting") with the following results:
1.
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The Special
Resolution approving the change of the Company's name to Cobalt
Blockchain Inc. was approved by 100% of the votes cast. The
Company must receive TSX Venture Exchange approval prior to the
name change.
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2.
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The Company's
proposed acquisition of Belair African Metals SARL was approved by
100% of the votes cast.
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3.
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The resolution
approving and confirming changes in management was approved by 100%
of the votes cast excluding those votes attaching to shares
beneficially owned by directors and officers (including new
proposed directors and officers), their affiliates, associates and
joint actors and by insiders.
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4.
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The following
directors were elected until the next annual meeting of
shareholders or until their successors are otherwise duly elected
or appointed:
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Patricia
Mannard
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Michael
Cachia
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Samuel
Peralta
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Peter
Hooper
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Lance
Hooper
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Jim Blake
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All directors
received the support of more than 97.99% of the votes represented
at the meeting.
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5.
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RSM Canada LLP were
appointed as auditors of the Company with 100% of the
votes.
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6.
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The Company's Stock
Option Plan was confirmed and approved by 99.56% of the votes
cast.
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7.
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The Company's
Restricted Share Unit Plan was confirmed and approved by 98.76% of
the votes cast excluding those votes attaching to shares
beneficially owned by directors and officers (including new
proposed directors and officers), their affiliates, associates and
joint actors and by insiders.
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About Peat Resources Limited
Peat Resources Limited is changing its name to Cobalt Blockchain
Inc. ("COBC") (TSX-V:PET, transitioning to TSX-V:COBC) and
is a Canadian resource company expanding its exploration and
development business to include cobalt assets in the Democratic Republic of the Congo
("DRC"). COBC has been authorized by its shareholders
to acquire a 100% interest in an existing metals trading business
specializing in sourcing conflict-free minerals from artisanal and
small-scale mines in the DRC. Leveraging its experience with
existing mineral traceability systems, COBC is developing a
distributed ledger-based certification platform to provide
manufacturers and end-users greater certainty of provenance and
further assurance that all minerals procured are ethically-sourced.
Senior management have over twelve years of experience working in
the DRC and have a proven international track record in exploration
success and the trading of certified conflict-free,
child-labour-free minerals.
Forward-Looking Information
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address future
production, reserve potential, exploration drilling, exploitation
activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the
expectations expressed in such statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in the statements. There are certain factors
that could cause actual results to differ materially from those in
forward-looking statements. These include market prices,
exploitation and exploration successes, continued availability of
capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are
not guarantees of future performance and actual results or
developments may differ materially from those projected in the
forward-looking statements. For more information on the Company,
investors should review registered filings at www.sedar.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.
SOURCE Peat Resources Limited