Business
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 Serv...
About this update from Tectonic Metals, Inc.
[{"type":"text","content":"\n\n\n\nTectonic Metals Announces Results of Annual General Meeting and Retains Market-Making Services\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 22, 2020\n\n\n\nVANCOUVER, 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:\n\n \n \n \n \n \n \n\n \nThe 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\nTectonic 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. \nThe 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. \nVLP is a specialized consulting firm based in Toronto, providing a variety of services focused on TSXV listed issuers. \nAbout Tectonic\nTectonic Metals Inc. is a mineral exploration company created and operated by an experienced and well-respected tech...