DO NOT GET DISCOURAGED OR CONFUSED Support Agreements
The Locked-Up Shareholders have entered into the Support Agreements with Candente Copper pursuant to which such individuals have agreed, among other things, to vote in favour of the Arrangement Resolution, subject to the terms contained therein. As of the date hereof, the Locked-Up Shareholders, collectively beneficially own or exercise control or direction over 6,364,637 Cobriza Shares collectively representing approximately 22.55% of the issued and outstanding Cobriza Shares. See “The Arrangement – Support Agreements with Locked-Up Shareholders”.
As of the date hereof, the Locked-Up Shareholders, together with Candente Copper, collectively beneficially own or exercise control or direction over 10,177,941 Cobriza Shares collectively representing approximately 36.06% of the issued and outstanding Cobriza Shares.
YOU MUST REMEMBER that DNT controlled shares of CZA can not vote nor can 714,801 shares held by insiders. This significantly increase the prospects of MINORITY SHAREHOLDERS who wish to vote against the ARRANGEMENT.
Also note that of the 714,801 shares 634,181 are included in the LOCKED UP GROUP. This means that only 5,730,456 shares in the locked up group van vote in favour of the ARRANGEMENT.
ONLY 2,865,229 NO VOTES ARE REQUIRED to OFFSET the influence of the LOCKED-UP GROUP. THIS IS VERY ACHEIVABLE! REMEMBER NO COMMITTED NO VOTERS START WITH ONE INDIVIDUAL VOTING 625,000.