Corsa Coal Announces Results of Annual and Special Meeting

CANONSBURG, PA, Aug. 8, 2018 /CNW/ - Corsa Coal Corp. (TSXV: CSO) ("Corsa" or the "Company") is pleased to announce the results of its annual and special meeting of shareholders held earlier today (the "Meeting").

At the Meeting, the following eight nominees were re-appointed as directors of the Company (the "Board") to hold office until the close of the next annual meeting of the Company's shareholders: Robert C. Sturdivant, John H. Craig, Alan M. De'Ath, George G. Dethlefsen, Arthur Einav, Robert Scott, Ronald G. Stovash and Kai Xia. In addition, Urish Popeck & Co., LLC, Certified Public Accountants, were appointed as auditors of the Company and shareholders re-approved and ratified the Company's existing second amended and restated stock option plan, in accordance with the requirements of the policies of the TSX Venture Exchange and passed a special resolution authorizing an amendment to the articles of continuance of the Company to allow the directors of the Company to appoint one or more directors up to a maximum of one third of the number directors elected at the previous annual meeting of shareholders to hold office for a term expiring not later than the close of the next annual meeting of shareholders. The amendment to the Company's articles of continuance was filed and made effective immediately following the adjournment of the Meeting.

Additional details surrounding these items of business of the Meeting are available in the Company's management information circular dated June 26, 2018 available under the Company's profile at www.sedar.com.

Information about Corsa

Corsa is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel. Our core business is producing and selling premium quality metallurgical coal to domestic and international steel producers in the Atlantic and Pacific basin markets.

Qualified Person

All scientific and technical information contained in this news release has been reviewed and approved by Peter V. Merritts, Professional Engineer and the Company's President - NAPP Division, who is a qualified person within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

The TSX Venture Exchange has in no way passed on the merits of this news release.  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Corsa Coal Corp.

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