TVI Announces the Results of its Annual General and Special Meeting of Shareholders
TVI Announces the Results of its Annual
General and Special Meeting of Shareholders
CALGARY, AB
,
June 29, 2023
/CNW/ - TVI Pacific Inc. (TSXV: TVI) (OTC Pink: TVIPF) ("
TVI
" or
"
the Company
") is pleased to announce that shareholders ("
Shareholders
") have approved all
resolutions brought before them at the Annual General and Special Meeting of Shareholders
("
AGM
") held on
June 28
, 2023. A total of 261,905,619 shares were represented in person or by
proxy at the meeting, representing approximately 38.80% of the Company's outstanding shares.
Results of Annual General Meeting
Current directors
Clifford M. James
,
Robert C. Armstrong
, C.
Brian Cramm
,
Jan R. Horejsi
and
David Moscovitz
were re-elected as directors and will hold office until the next annual meeting of
Shareholders or until their successors are elected or appointed or a director vacates office in
accordance with the by-laws of the Corporation. Additionally,
Manuel Paolo A. Villar
and
Michael G.
Regino
were elected as directors, as nominees of Prime Resources Holdings Inc., in connection with
the anticipated completion of the previously announced private placement. Messrs. Villar and
Regino have been elected as directors upon the condition that they shall resign if the private
placement does not close by
July 31, 2023
or if there is a failure to obtain any regulatory approval or
clearance for such nominee to act as a director of the Company.
Shareholders also voted in favour of (i) reappointing PricewaterhouseCoopers LLP as the external
auditor of the Company for the ensuing year and authorizing directors to fix their remuneration; and
(ii) re-approving the Company'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 mining projects in
the Philippines
, one
of the most prolifically mineralized countries in the world. TVI currently holds a 30.66% equity
interest in TVI Resources Development Phils, a
Philippines
corporation. Through TVIRD, TVI has
ownership in a currently producing gold mine and is focused on bringing on-stream the Siana gold
mine at which equipment has been rehabilitated and commissioning of the plant has commenced in
line with TVIRD's plan to restart operations. TVI has 674,987,039 outstanding common shares and
696,887,039 fully diluted including the currently issued outstanding options of 21,900,000.
IMPORTANT INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
Certain information set out in this News Release constitutes forward-looking information including,
without limitation, the anticipated completion of the private placement transaction with Prime
Resources Holdings, Inc. 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, 2022
, which was filed on SEDAR on
May 15, 2023
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.
View original content:
http://www.newswire.ca/en/releases/archive/June2023/29/c1134.html
%SEDAR: 00001837E
For further information:
Patrick Hanna, CPA, CMA, Chief Financial Officer, TVI Pacific Inc.,
Phone:
403-265-4356, E-mail:
CO: TVI Pacific Inc.
CNW 09:13e 29-JUN-23