Business
TVI Pacific Announces the Results of its Annual General and Special Meeting of Shareholders
CALGARY, AB, June 24, 2022 /CNW/ - TVI Pacific Inc. (TSXV: TVI) (OTC: TVIPF) ("TVI" or "the Company") announces that shareholders have approved of all resolutio
About this update from Tvi Pacific Inc.
[{"type":"text","content":" CALGARY, AB, June 24, 2022 /CNW/ - TVI Pacific Inc. (TSXV: TVI) (OTC: 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 23, 2022. A total of 203,573,689 shares were represented in person or by proxy at the meeting, representing approximately 30.99% 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 143,392,917 73.59 % 51,463,396 26.41 % C. Brian Cramm 144,296,103 74.05 % 50,560,210 25.95 % Jan R. Horejsi 144,157,823 73.98 % 50,698,490 26.02 % Clifford M. James 192,805,615 98.95 % 2,050,698 1.05 % David Moscovitz 144,274,073 74.04 % 50,582,240 25.96 % 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 75.67% of the votes cast supported the appointment of the auditor. Shareholders also voted 71.12% 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. 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\"), a Philippines corporation, 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...