Tectonic Metals Announces Results of Annual General Meeting and Retains Market-Making Services
Tectonic Metals Announces Results of Annual
General Meeting and Retains Market-Making
Services
VANCOUVER
,
May 22, 2020
/CNW/ -
Tectonic Metals Inc (TECT: TSX-V) ("Tectonic" or the
"Company")
is pleased to announce that Tectonic shareholders approved all matters voted on at
the Annual General Meeting of Shareholders ("AGM") held on
Thursday, May 21, 2020
, by video
conference call, including:
The number of directors being set at five
The re-election of
Antonio Reda
,
Curt Freeman
,
Allison Rippin Armstrong
,
Mel Benson
and
Michael Roper
to the Tectonic Board of Directors
The re-appointment of Davidson & Company LLP as auditors of the Company
Approval of the Company's existing stock option plan
Market-Making Services
Tectonic also announces that the Company has, subject to regulatory approval, retained Venture
Liquidity Providers Inc. ("
VLP
") to initiate its market-making service to assist in maintaining an
orderly trading market for the common shares of the Company.
The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer
Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange (the "
TSXV
") and
other applicable laws. For its services, the corporation has agreed to pay VLP
$5,000
per month for
a period of 12 months. The agreement may be terminated at any time by Tectonic or VLP. The
Company and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the
Company or its securities, or any right or intent to acquire such an interest. The finances and the
shares required for the market-making service are provided by W.D. Latimer. The fee paid by the
Company to VLP is for services only.
VLP is a specialized consulting firm based in
Toronto
, providing a variety of services focused on
TSXV listed issuers.
About Tectonic
Tectonic Metals Inc. is a mineral exploration company created and operated by an experienced and
well-respected technical and financial team with a track record of wealth creation for shareholders.
Key members of the Tectonic team were involved with Kaminak Gold Corporation, the Company that
raised
C$165 million
to fund the acquisition, discovery and advancement of the Coffee Gold Project
in the
Yukon Territory
through to the completion of a bankable feasibility study before selling the
multi-million-ounce gold project to Goldcorp Inc. (now Newmont Goldcorp) for
C$520 million
in 2016.
Tectonic is focused on the acquisition, exploration, discovery and development of mineral resources
from district-scale projects in politically stable jurisdictions that have the potential to host world-class
orebodies.
Whether at home or at work, the Tectonic team is grounded on the following core values: passion,
integrity, patience, focus, perseverance, honesty, fairness, accountability, respect and a play big
mindset. The Company works for its shareholders and is committed to creating value for them.
On behalf of Tectonic Metals Inc.,
Tony Reda
President and Chief Executive Officer of Tectonic Metals Inc.
For further information about Tectonic Metals Inc. or this news release, please visit Tectonic's
website at
www.tectonicmetals.com
or contact
Tony Reda
, President & CEO of Tectonic, at toll-
free 1-888-858-9887 or by email at
.
Follow Tectonic Metals on LinkedIn, Facebook, Twitter and Instagram
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE
Tectonic Metals Inc.
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CNW 08:30e 22-MAY-20