CALGARY, AB, Nov. 13, 2020 /CNW/ - TVI Pacific Inc. (TSXV:
TVI) (OTC Pink: TVIPF) ("TVI" or "the Company")
announces that shareholders have approved of all resolutions
brought before them at the Annual General Meeting of Shareholders
("AGM") held on November 12,
2020. A total of 256,175,572 shares were represented in
person or by proxy at the meeting, representing approximately
39.02% of the Company's outstanding shares.
Results of Annual General Meeting
The following Board members stood for re-election and were duly
re-elected: Clifford M. James,
Robert C. Armstrong, C. Brian Cramm, Jan R.
Horejsi and David Moscovitz.
These directors will hold office until the next TVI annual meeting
or until their successors are elected or appointed or a director
vacates office in accordance with the by-laws of the
Corporation.
Voting results for individual directors are set out below:
Name
of
Nominee
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
Robert C.
Armstrong
|
195,748,670
|
78.37%
|
54,041,527
|
21.63%
|
C. Brian
Cramm
|
195,842,048
|
78.40%
|
53,948,149
|
21.60%
|
Jan R.
Horejsi
|
195,749,568
|
78.37%
|
54,040,629
|
21.63%
|
Clifford M.
James
|
248,800,212
|
99.60%
|
989,985
|
0.40%
|
David
Moscovitz
|
195,783,818
|
78.38%
|
54,006,379
|
21.62%
|
PricewaterhouseCoopers LLP was reappointed as the external
auditor of TVI and will hold office until the next annual meeting
at such remuneration as may be determined by the directors of the
Company. Approximately 99.74% of the votes cast supported the
appointment of the auditor.
Shareholders also voted 64.72% in favor to approve TVI's Stock
Option Plan, through which the total number of common shares
reserved for issuance as incentive stock options granted to
insiders shall not exceed 10% of the total issued and outstanding
common shares.
About TVI Pacific Inc.
TVI Pacific Inc. is a Canadian resource company focused on the
acquisition of resource projects in the Asia Pacific region. TVI currently holds a
30.66% equity interest in TVIRD and a 2.95% equity interest in
Integrated Green Energy Solutions Ltd., a publicly listed company
incorporated in Australia with
shares listed on the ASX. Integrated Green Energy Solutions Ltd. is
engaged in the commercialization of technologies to convert waste
plastics to fuel in Australia and
internationally. TVI's other holdings include a 14.4% equity
interest in Mindoro Resources Ltd. and a 100% investment in shares
of TG World. As at the date of this announcement, TVI has
656,537,039 outstanding common shares and 696,887,039 fully diluted
including the currently issued outstanding options of
40,350,000.
IMPORTANT INFORMATION REGARDING FORWARD-LOOKING
STATEMENTS
Certain information set out in this News Release constitutes
forward-looking information. Forward-looking statements are often,
but not always, identified by the use of words such as "seek",
"anticipate", "plan", "continue", "estimate", "expect", "may",
"will", "intend", "could", "might", "should", "believe",
"scheduled", "to be", "will be" and similar expressions.
Forward-looking statements in this News Release are based upon the
opinions and expectations of management of the Company as at the
effective date of such statements. Although the Company believes
that the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, it can give no assurance
that those expectations will prove to have been correct.
Forward-looking statements are subject to certain risks and
uncertainties (known and unknown) that could cause actual outcomes
to differ materially from those anticipated or implied by such
forward-looking statements.
Various risks to which the Company is exposed in the conduct
of its business (including mining activities) are described in
detail in the Company's Annual Information Form for the year ended
December 31, 2019, which was filed on
SEDAR on July 2, 2020 and is
available under the Company's profile at
www.SEDAR.com. Subject to applicable securities laws, the
Company does not undertake any obligation to publicly revise the
forward-looking statements included in this News Release to reflect
subsequent events or circumstances.
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 TVI Pacific Inc.