Corsa Coal Announces Results of Annual and Special Meeting

FRIEDENS, PA, June 30, 2020 /CNW/ - Corsa Coal Corp. (TSXV: CSO) (OTCQX: CRSXF) ("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 seven 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: John H. Craig, Alan M. De'Ath, Peter V. Merritts, Robert Scott, Ronald G. Stovash, Robert C. Sturdivant and Kai Xia. In addition, Urish Popeck & Co., LLC, Certified Public Accountants, were appointed as auditors of the Company. Shareholders also 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 approved, confirmed and ratified amendments to the Company's to General By-Law No. 1 (the "By-Law Amendment").  The full text of the By-Law Amendment and the Company's management information circular containing additional details surrounding the items of business at the Meeting are available under the Company's profile on SEDAR 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 Merritts, Professional Engineer and the Company's Chief Executive Officer, 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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