Chamwe Kaira
Koryx Copper Incorporated, listed on the Namibian Stock Exchange, has announced that shareholders have overwhelmingly approved all resolutions at a special meeting held on 15 October, allowing the company to transfer its registered office and central administration from British Columbia to Luxembourg.
In person or by proxy, the meeting saw the voting of 51.6 million common shares, or approximately 53.75% of Koryx’s issued and outstanding shares.
The proposed transfer, known as the “continuation”, will see the company continue as a public limited company (société anonyme) under the name Koryx Copper S.A.
The continuation and related resolutions received near-unanimous support, with 99.999% of votes in favour.
Shareholders also approved new Articles of Association, confirmed the current board of directors, and appointed two Luxembourg-based directors, Tarik El Hanch and Cristina Lara, to the board.
A statutory auditor for the new Luxembourg entity was also appointed, with the resolution passing by the same wide margin.
The company said the continuation will take effect once authorisation is received from the British Columbia Registrar of Companies and a Luxembourg notary signs the notarial deed recording the resolutions. Koryx will issue another announcement once the effective date is confirmed.
Koryx Copper continues to advance its 100%-owned Haib Copper Project in southern Namibia, one of the world’s oldest known porphyry copper deposits. The project holds an indicated mineral resource of 511 million tonnes grading 0.33% copper and 51 parts per million molybdenum and an inferred resource of 309 million tonnes grading 0.31% copper and 40 parts per million molybdenum, based on a 0.15% copper cut-off.
The Haib deposit has undergone extensive exploration since the 1970s by operators including Falconbridge, Rio Tinto, and Teck, with more than 80,000 metres of drilling and significant metallurgical testing completed.
Koryx’s preliminary economic assessment, effective 4 September, outlines the development potential of the Haib project.
Alongside Haib, the company is expanding its copper exploration portfolio in Zambia, positioning itself as a growing copper developer with assets across southern Africa.
Caption
Koryx’s president and CEO, Heye Daun. The company will move its central administration to Luxembourg.
- Photo: Contributed
