Kobo Resources Inc. (TSX.V: KRI) announced the execution of a Relationship Agreement with LUSO Global Mining and the filing of its audited consolidated financial statements for the fifteen-month period ended March 31, 2024 and related management’s discussion and analysis.
Relationship Agreement with Luso Global Mining
As previously announced, Luso Global Mining B.V. (“Luso“), a wholly owned subsidiary of Mota-Engil SGPS, S.A. (“Mota-Engil“), participated in the recent non-brokered private placement of units of the Company as a lead investor. Further to the completion of the private placement, Luso beneficially owns 10,225,708 shares and 5,112,854 warrants, representing 9.99% of the Company’s issued and outstanding shares on a non-diluted basis, and 14.27% of the issued and outstanding shares on a partially-diluted basis, assuming the exercise of the Warrants held by Luso only.
In connection with Luso’s investment, the Company and Luso entered into a relationship agreement dated as of July 25, 2024 whereby for so long as Luso holds, directly or indirectly, at least six (6%) percent of the Company’s shares, Luso will have the right to propose for election to the board of directors of the Company one director until the next annual meeting of shareholders of the Company.
Luso’s proposed candidate as director of Kobo at the upcoming annual meeting of shareholders of the Company is Mr. Vivek Dharni.
Mr. Dharni leads fund raising and capital structuring for Mota-Engil (Africa) for projects under development as Principal – Private Equity and Debt Finance. Mr. Vivek has more than 15 years of extensive experience in the financial services sector and the corporate sector having worked in various position in Corporate/ Project Debt as well as Private Equity space.
He brings experience across the developed, developing and frontier markets having worked in Africa, Middle East, South Asia and Southeast Asia. He specialises in the acquisition and due-diligence process of asset portfolio across Infrastructure and Real Estate domains. Vivek joined Mota-Engil in early 2015 as a key member of the team driving the company’s strategic vision of becoming a provider of infrastructure solutions across the African continent. Vivek holds an MBA from IE Business School, Spain and graduated from Mumbai University, India.
Annual Meeting of Shareholders
The Company reminds shareholders that the next annual meeting of shareholders of the Company (the “Meeting“) will be held on August 29, 2024 at 3:00 p.m. (Quebec time) for the purposes of receiving the financial statements of the Company for the fifteen-month period ended March 31, 2024 and the report of the auditor thereon, electing directors for the ensuing year and appointing the auditor and authorizing the directors to fix its remuneration. The Meeting will be held at the offices of McCarthy Tétrault LLP located at 500, Grande Allée East, 9th Floor, Québec, Québec, G1R 2J7. A copy of the management information circular is available on the Company’s issuer profile on SEDAR+ at www.sedarplus.ca.
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