Leocor Mining Announces Results of its Annual General and Special Meeting and Sets Anticipated Closing and Record Date for Intrepid Share Distribution

About this update from Leocor Mining Inc.

(via TheNewswire)   Vancouver, British Columbia (June 3, 2026) – TheNewswire – Leocor Mining Inc. (CSE: LECR, OTCQB: LECRF, Frankfurt: LGO0) (“Leocor” or the “Company”) is pleased to announce the results of its annual general and special meeting of holders (“Shareholders”) of common shares of the Company (“Leocor Shares”) held on June 3, 2026 (the “Meeting”). Shareholders voted overwhelmingly in favour of all resolutions presented at the Meeting, including (i) the Company’s previously announced court-approved plan of arrangement (the “Arrangement”) pursuant to which it will  distribute (the “Distribution”) all of its 17,647,058 common shares (the “Intrepid Shares”) of Intrepid Metals Corp. (TSXV: INTR) (“Intrepid”); (ii) the election of directors; (iii) the re-appointment of SHIM & Associates LLP, Chartered Professional Accountants as auditors of the Company; and (iv) the re-approval of the Company’s stock option plan. About the Arrangement Pursuant to the Arrangement, the Company will effect the Distribution of all of its 17,647,058 Intrepid Shares, representing approximately 15.09% of the issued and outstanding Intrepid Shares as of the date hereof, to Shareholders on a pro rata basis. Pursuant to the Arrangement, each existing Leocor Share will be exchanged for: (i) one new common share of Leocor having the same attributes as the existing Leocor Shares; and (ii) a pro rata entitlement to the Intrepid Shares to be distributed, based on an exchange ratio to be determined at the date of closing of the Arrangement (the “Exchange Ratio”). For illustrative purposes only, based on the distribution of all 17,647,058 Intrepid Shares and the 246,020,252 Leocor Shares issued and outstanding as of the date of this news release, the Exchange Ratio would be approximately 0.07173 of an Intrepid Share for each Leocor Share held. All fractional entitlements to Intrepid Shares arising under the Arrangement will be rounded down to the nearest whole number. Only Shareholders who hold Leocor Shares as of the closing date of the Arrangement will be entitled to receive Intrepid Shares pursuant to the Distribution. The closing of the Arrangement is expected to occur on June 9, 2026, subject to receipt of the Final Order (as defined below) and the satisfaction or waiver of other closing conditions customary for a transaction of this nature. Meeting Results Shareh...

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