TORONTO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Copper Lake Resources Ltd. (TSX-V: CPL, Frankfurt: WOI, OTC: WTCZF) (“Copper Lake” or the “Company”) is pleased to announce the results from the Annual General and Special Meeting of Shareholders (“AGM”), the extension of certain warrants, and the granting of options.

Results of AGM

A total of 54,927,104 shares representing 23.21% of the total issued and outstanding shares at the record date of the AGM were voted.

Shareholders passed all resolutions set out in the management information circular of the Company dated September 19, 2022, including the re-election of the incumbent directors, setting the number of directors at five, and the approval of Copper Lake’s stock option plan as required annually by the TSX Venture Exchange. The percent of votes in favor of the various motions ranged from 99.98% to 87.72%.

Extension of Warrants

The Company intends to extend the exercise period for a total of 20,951,500 share purchase warrants, all of which are exercisable at $0.10 per common share (collectively, the “Warrants”). The warrants were issued pursuant to a private placement that closed in two tranches on April 15, 2021 and May 17,...
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