Business
RESULTS OF SPECIAL MEETING OF SHAREHOLDERS
Cornish Metals Inc. announced that shareholders overwhelmingly approved the reorganisation of its corporate structure via a court-approved plan of arrangement, with 99.95% of votes cast in favour. This arrangement involves shareholders transferring their Cornish Canada Shares to Cornish UK in exchange for Cornish UK Shares on a one-for-ten basis. The final court hearing is scheduled for December 11, 2025, with the arrangement expected to close on or about December 16, 2025, and trading of Cornish UK Shares on AIM commencing around December 18, 2025. Disclaimer*
About this update from Cornish Metals Plc
[{"type":"text","content":"\n\n\n \nRESULTS OF SPECIAL MEETING OF SHAREHOLDERS\n \nVancouver, December 3, 2025\nCornish Metals Inc. (AIM/TSXV: CUSN) (\"Cornish Metals\", \"Cornish Canada\" or the \"Company\"), a mineral exploration and development company focused on advancing its wholly owned and permitted South Crofty tin project in Cornwall, United Kingdom, is pleased to announce the results of the Special Meeting of shareholders held via live audio teleconference on December 3, 2025 (the \"Meeting\") to seek the shareholder approval to approve the reorganisation (\"Re-Domicile\") of its corporate structure by way of a court approved plan of arrangement (the \"Arrangement\") previously announced in the Company's news release dated October 7, 2025.\nThe special resolution approving the Arrangement was approved by: (i) 99.95% of the votes cast by the Company's shareholders (the \"Cornish Canada Shareholders\") present or represented by proxy at the Meeting; (ii) 99.91% of the votes cast by Cornish Canada Shareholders, holders of stock options of the Company and holders of performance share units of the Company, voting together as a single class, present or represented by proxy at the Meeting; and (iii) 99.95% of the votes cast by Cornish Canada Shareholders present or represented by proxy at the Meeting, other than votes attached to the common shares of the Company (the \"Cornish Canada Shares\") required to be excluded pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. Accordingly, all approvals required in order to proceed with the Arrangement have been obtained.\n \nAs previously disclosed in the Company's news release dated October 7, 2025, The Arrangement will be completed by all Cornish Canada Shareholders transferring all of the issued and outstanding Cornish Canada Shares to Cornish Metals plc (\"Cornish UK\") in exchange for the issue to them of new shares in Cornish UK (\"Cornish UK Shares\"), on the basis of one (1) Cornish UK Share for ten (10) Cornish Canada Shares, rounded down to the nearest whole number of Cornish UK Shares. In the event that any holder of Cornish Canada Shares holds fewer than ten (10) Cornish Canada Shares, or the number of Cornish Canada Shares held when divided by ten (10) is not a whole number, such allocation will be rounded down to the nearest...