Starcore Announces Results of Annual General Meeting

Executive Summary

• Starcore International Mines approved a private placement to raise up to $5,000,000 by issuing up to 20 million units at $0.25 per unit.
• Shareholders voted overwhelmingly (over 96%) for the Plan of Arrangement that will spin‑out the Company’s mineral property interests in Côte d’Ivoire.
• The Board appointed Robert Eadie as President & CEO, Salvador Garcia as COO, Gary Arca as CFO, and Cynthia Avelino as Corporate Secretary following the AGM.

Key Details

• Shareholder Attendance: 48.75% of eligible shareholders were present at the annual general meeting.
• Director Elections: All directors nominated by management were elected with vote percentages ranging from 85.44% to 99.94%.
• Plan of Arrangement: Approved for the spin‑out of Starcore’s Côte d’Ivoire mineral property interests (details of the arrangement not disclosed in this release).
• Private Placement Offering:
• Maximum raise: $5,000,000
• Units offered: up to 20 million
• Price per unit: $0.25
• Use of proceeds: not specified in the release (presumed for corporate purposes and financing the spin‑out).
• Executive Appointments:
• Robert Eadie – President & Chief Executive Officer
• Salvador Garcia – Chief Operating Officer
• Gary Arca – Chief Financial Officer
• Cynthia Avelino – Corporate Secretary
• Auditor Appointment: Baker Tilly WM LLP, Chartered Professional Accountants, re‑appointed as the Company’s auditors.

Notable Quotes

(No direct quotes were provided in the release.)