JERSEY, UK, May 23, 2018 /CNW/
- Tethyan Resources plc (TSXV: TETH) (the
"Company" or "Tethyan") is pleased to announce that
at the General and Special Meeting of shareholders, held on
May 18, 2018 in London, United Kingdom, the shareholders of
the Company approved all of the resolutions set out in the
management information circular dated April
19, 2018 (the "Circular"). These resolutions
included the approval of the Company's proposed acquisition of all
of the issued and outstanding share capital of Taor D.O.O., as more
particularly described in the Circular and in the Company's news
releases dated February 14, 2018 and
March 20, 2018 (the
"Transaction").
Now that shareholder approval has been obtained, the Company is
working towards closing the Transaction. The closing of the
Transaction remains subject to various conditions, including the
completion by Tethyan of satisfactory due diligence and the
approval of the Transaction by the TSX Venture Exchange.
About Tethyan
Tethyan Resources plc is a gold and base metal mineral
exploration company incorporated in England & Wales. Tethyan is focused on the Tethyan
Metallogenic Belt in Eastern
Europe, mainly Serbia, where it is acquiring and exploring a
portfolio of quality precious and base metals projects with known
mineralisation and compelling drill targets. Tethyan emphasises
responsible engagement with local communities and stakeholders, and
is committed to proactively implementing Good International
Industry Practice (GIIP) and sustainable health, safety and
environmental management. More information can be found on our
website: www.tethyan-resources.com.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as such term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Tethyan Resources PLC