Business
Cordoba Minerals Announces Final Order and Effective Date of Previously Announced Cash Distribution
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2026) - Cordoba Minerals Corp. (TSXV: ...
About this update from Cordoba Minerals Corp.
[{"type":"text","content":"Cordoba Minerals Announces Final Order and Effective Date of Previously Announced Cash DistributionVancouver, British Columbia--(Newsfile Corp. - March 12, 2026) - Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CBDMF) (\"Cordoba\" or the \"Company\") is pleased to announce that it has been granted the final court order from the Supreme Court of British Columbia approving the plan of arrangement under the Business Corporations Act (British Columbia) (the \"Arrangement\") pursuant to which Cordoba will complete the previously announced distribution (the \"Distribution\") to shareholders. Pursuant to the Arrangement, registered Cordoba shareholders as of close of business on March 20, 2026 (the \"Effective Date\" of the Arrangement, being the \"Record Date\" of the Distribution) will receive US$1.01 per common share of Cordoba (each, a \"Cordoba Share\") on or about March 25, 2026 (the \"Payment Date\") subject to having completed a residency declaration form (further details below). Beneficial shareholders can expect to receive payment from their intermediaries, each of whom has its own payment process. Given that the Distribution represents more than 25% of the market value of the Company, the TSX Venture Exchange (\"TSXV\") has determined that \"Due Bill\" trading procedures will apply to the Distribution. Pursuant to such \"Due Bill\" trading procedures, trades of Cordoba Shares entered into from the opening of trading on the Effective Date until and including the close of trading on the Payment Date will have a Due Bill attached which will allow the purchaser to receive the Distribution instead of the seller. The Due Bills will be automatically redeemed by the Canadian Depository for Securities or the Depository Trust Company on March 26, 2026 (the \"Ex-Distribution Date\") once all trades with attached Due Bills entered into up to the close of trading on the Payment Date have settled. As of the Ex-Distribution Date, purchases of Cordoba Shares will no longer have the attaching entitlement to the Distribution. Cordoba has retained the services of Computershare Investor Services Inc. (\"Computershare\") as the depositary for the delivery and payment of the Distribution. In order to receive the Distribution in a timely manner, registered holders of Cordoba Shares must complete a residency declaration form in the form delivered to th...