CALGARY, AB, June 25, 2021 /CNW/ - TVI Pacific Inc.
(TSXV: TVI) (OTCPINK: TVIPF) ("TVI" or "the Company")
announces that shareholders have approved of all resolutions
brought before them at the Annual General and Special Meeting of
Shareholders ("AGM") held on June 24,
2021. A total of 258,589,065 shares were represented in
person or by proxy at the meeting, representing approximately
39.36% 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:
|
Votes
For
|
Votes
Withheld
|
Nominee
|
Number
|
%
|
Number
|
%
|
Robert C.
Armstrong
|
188,698,185
|
76.17%
|
59,037,102
|
23.83%
|
C. Brian
Cramm
|
188,779,840
|
76.20%
|
58,955,447
|
23.80%
|
Jan R.
Horejsi
|
188,697,535
|
76.17%
|
59,037,752
|
23.83%
|
Clifford
M. James
|
245,649,129
|
99.16%
|
2,086,158
|
0.84%
|
David
Moscovitz
|
188,725,810
|
76.18%
|
59,009,477
|
23.82%
|
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 79.50% of the votes cast supported the
appointment of the auditor.
Shareholders also voted 59.07% 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.
Shareholders further ratified By-law No.4 of the Company as it
relates to adoption of an advance notice by-law and voted 77.69% in
favor.
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 TVI Resource Development Phils., Inc.
("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 (but currently suspended since January 2020 and subject to an order for winding
up). 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 Energy Corp. As at the date of this announcement, TVI
has 656,987,039 outstanding common shares and 696,887,039 fully
diluted including the currently issued outstanding options of
39,900,000.
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, 2020, which was filed on
SEDAR on April 28, 2021 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.