Item 8.01 Other Events.
Can-Cal Resources Ltd. ("Can-Cal" or the "Company") (OTC PINK:CCRE) is pleased
to announce the date of the Annual General Meeting as Thursday February 11,
2021. More details will follow closer to that date., and whether it will be an
in-person or virtual meeting.
The Company would like to provide an update to the shareholders on the progress
on the audited financials and SEC filings. The audit for the financials for the
year ended December 31, 2019 is almost complete. It is the Company's intention
to file its annual report and related 10-K, SEC filings in the next few weeks.
The lack of funds and the Covid -19 has caused considerable delay. The
subsequent priorities will be the 10-Q filings for the first and second quarter
of 2020. The completion of all the audited financials, year ended December 31,
2019 and quarterly 2020 filings will enable the company to work towards
terminating the 'Cease Trade Orders' in effect in the jurisdictions of British
Columbia and Alberta, Canada.
The Company would like to announce that Mr. Cosimo La Porta, an advisor to the
Board of Directors, has notified he no longer is able to maintain the advisor
role due to unrelated matters.
"While we regret Mr. La Porta's departure as an advisor to the Company," stated
Mr. Casey Douglass, Chairman of the Board, "Can-Cal is pleased to have benefited
from his acumen as the Company continues to position itself for development of
its Pisgah Property."
Mr. La Porta was an effective advisor during the formation of the new Board of
Directors and part of the team during the negotiation of the Definitive
Agreement with Archemetrix Mineral Resources, LLC ("AMR"), as disclosed in the
Current Report on Form 8-K filed with the Securities and Exchange Commission
(SEC) on June 1, 2020.
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