Cardero Reports Results of Annual General Meeting held June 30, 2016

Vancouver, British Columbia–(Newsfile Corp. – June 30, 2016) – Cardero Resource Corp. (TSX: CDU) (OTC Pink: CDYCF) (“Cardero” or the “Company”) is pleased to report that all matters placed before the shareholders at the Annual General Meeting held June 30, 2016 were approved. Individual voting results pertaining to the election of directors are as follows:

Nominee Votes FOR Votes Withheld
HENDRIK VAN ALPHEN 20,647,532 (99.99%) 1,470 (0.01%)
LEONARD HARRIS 20,627,464 (99.90%) 21,538 (0.10%)
STEPHAN FITCH 20,627,464 (99.90%) 21,538 (0.10%)
ROBERT VAN DOORN 20,627,464 (99.90%) 21,538 (0.10%)

 

The detailed proxy voting on all resolutions submitted to the shareholders at the 2016 Annual General Meeting is contained in the “Report of Voting Results” for the AGM which is available under the Company’s profile on SEDAR and on the Company’s website or upon request by contacting the Company’s Corporate Secretary at (604) 408-7488.

ABOUT CARDERO RESOURCE CORP.

The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the OTCBB (symbol CDYCF) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company’s web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.

On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.

Henk van Alphen” (signed)
Henk van Alphen, CEO and President

Contact Information:

General

Marla Ritchie
Tel: 604 408 7488 Ext. 3886
Toll Free: 1-888-770-7488
Fax: 604 408-7499

 

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

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Boughton Law Warns Small-Cap Companies to Beware of Toxic or Death Spiral Financings – Video Describing Toxic Financing on Investmentpitch.com

Vancouver, British Columbia–(Newsfile Corp. – June 30, 2016) – Once again the in box for small-cap companies is filling with offers of proposed financings that seem too good to be true. Much like the infamous Nigerian letter, these proposals continue to catch unsuspecting victims.

Vancouver based Boughton Law, together with InvestmentPitch Media have produced a video (click here) which describes these toxic or death spiral financings and how to avoid having your company become the next victim of a toxic financing. If this link is not enabled, please visit http://ift.tt/1h0J9Vw and enter “Toxic Financing” in the search box. For those of you with Apple devices, please (click here).

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In the video, Tia Borden describes how a company’s shares end up trading at fractions of a cent for several years thereafter.

The email usually reads something like this: “We specialize in funding OTC-listed public companies. We fund companies at any price and there is no cap on the stock price we can fund. We infuse capital into these companies on a large scale depending on the company. We also like to clean up the companies “bad” parts such as debt on the books, unwanted shareholders, outstanding payables or notes to creditors.”

About Boughton Law

In addition to securities, Boughton Law practices in the employment, entertainment, environmental, franchising, immigration, insolvency, intellectual property, non-profit, real estate, tax and transportation sectors.

Boughton Law’s Securities Practice Group, consisting of nine experienced lawyers, acts for issuers, investment dealers, directors, officers, consultants, shareholders and industry service providers in a wide range of securities matters.

Clients listed on various stock exchanges such as the Toronto Stock Exchange (TSX), the TSX Venture Exchange and the Canadian Securities Exchange rely on Boughton to facilitate their debt and equity financings, corporate transactions and to assist with the expansion of their businesses with respect to senior exchange listings and graduations.

From assisting companies with mergers & acquisitions, reverse take-overs and qualifying transactions, to providing strategic advice on corporate financing structure, Boughton Law’s expertise is centered around a company’s sustainable growth in the capital markets.

About InvestmentPitch Media

InvestmentPitch Media is arguably the largest producer and distributer of video news content, primarily for small and mid-cap companies. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

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IIROC Trade Resumption – Nemaska Lithium Inc.

Vancouver, British Columbia–(Newsfile Corp. – June 30, 2016) – Trading resumes in:

Company:

Nemaska Lithium Inc.

TSX-V Symbol:

NMX

Resumption Time (ET):

08:00 July 4, 2016

 

 

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

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For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

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IIROC Trade Halt – Temple Hotels Inc.

Toronto, Ontario–(Newsfile Corp. – June 30, 2016) – The following issues have been halted by IIROC:

Company: 

Temple Hotels Inc.

TSX Symbol:

TPH

Reason:

Pending News

Halt Time (ET)

15:28

   

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

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IIROC Trade Halt – Eguana Technologies Inc.

Vancouver, British Columbia–(Newsfile Corp. – June 30, 2016) – The following issues have been halted by IIROC:

Company: 

Eguana Technologies Inc.

TSX-V Symbol:

EGT

Reason:

At the Request of the Company Pending News

Halt Time (ET)

12:53

   

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

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IIROC Trade Resumption – Empire Industries Ltd.

Vancouver, British Columbia–(Newsfile Corp. – June 30, 2016) – Trading resumes in:

Company:

Empire Industries Ltd.

TSX-V Symbol:

EIL

Resumption Time (ET):

12:45

 

 

IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

– 30 –

For further information: IIROC Inquiries 1-877-442-4322 (Option 3) – Please note that IIROC is not able to provide any additional information regarding a specific trading halt. Information is limited to general enquiries only.

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MGX Minerals to Receive Strategic Marketing & Product Development Services from ChemCognition LLC for Lithium Properties in Alberta – Video News Alert on InvestmentPitch.com

Vancouver, British Columbia–(Newsfile Corp. – June 30, 2016) – MGX Minerals (CSE: XMG) (FSE: 1MG) has retained ChemCognition LLC, of Huntersville, North Carolina, to provide strategic marketing and product development services for the company’s lithium properties in Alberta.

InvestmentPitch.com has produced a “video news alert” which discusses this news. If this link is not enabled, please visit http://ift.tt/1h0J9Vw and enter “MGX Minerals” in the search box.

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Chemco is led by President and co-founder, Claudio Manissero, with more than 40 years’ experience in the mining, environmental and oilfields industries. Of particular value to MGX Minerals are his 21 years with FMC Corporation, the second largest global producer of lithium and the only mine-to-metal producer of lithium in the world.

MGX has consolidated a majority of Alberta’s high-grade lithium brine properties, and now controls more than 243,000 hectares throughout the Province. The properties have excellent infrastructure, with permits located within and around past producing oil fields, covering some of the highest reported levels of lithium-bearing brine within Alberta. The brine is currently being pumped to the surface from depths of between 1,660 metres and 3,300 metres below surface as a waste product of hydrocarbon production.

The company has also obtained the intellectual property and design rights to a technology than can potentially reduce lithium brine processing times from 18 months to one day.

The company is also involved in other projects, including the building of a magnesium oxide mine at Driftwood Creek, British Columbia, where the company has secured a 20-year mining lease for the project and a 100-tonne bulk sample was recently completed. The company has acquired three highly prospective silicon projects in British Columbia and is evaluating the economic viability of producing silicon metal from high purity quartzite.

MGX recently closed an over-subscribed private placement raising gross proceeds of $615,000 through the issuance of 6,150,000 units at $0.10 per unit. The shares are currently trading at $0.18, and with 41.6 million shares outstanding, the company is capitalized at $7.5 million.

For more information, please visit the company’s corporate website, www.mgxminerals.com, contact Jared Lazerson, CEO, at 604-681-7735 or email jared@mgxminerals.com.

About InvestmentPitch Media

InvestmentPitch Media is arguably the largest producer and distributer of video news content, primarily for small and mid-cap companies. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
bmorgan@investmentpitch.com

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