TVI Pacific Announces the Results of its Annual Meeting of Shareholders
TSX : TVI OTCQX: TVIPF
CALGARY, June 13, 2014 /CNW/ - TVI Pacific Inc. (TSX: TVI) (OTCQX: TVIPF) ("TVI" or the "Company") announces that shareholders approved all resolutions brought before them at the Annual General Meeting of Shareholders held on June 12, 2014. A total of 48 shareholders holding 120,040,436 shares were represented in person or by proxy at the meeting, representing approximately 18.31% of the Company's outstanding shares.
PricewaterhouseCoopers LLP was re-appointed 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 98.59% of the votes cast supported the appointment of the auditors, while 1.41% were withheld.
The director nominees listed in the management information circular for the Annual Meeting of Shareholders were elected as directors of the Company, these directors will hold office until the next TVI annual meeting.
Voting results for individual directors are set out below:
|Name of Nominee||Votes For(1)||Percentage(1)||
|Robert C. Armstrong||86,412,063||96.68%||2,969,785||3.32%|
|Aloysius B. Colayco||86,475,239||96.75%||2,906,609||3.25%|
|C. Brian Cramm||86,656,278||96.95%||2,725,570||3.05%|
|Jan R. Horejsi||86,240,178||96.48%||3,141,670||3.52%|
|Clifford M. James||85,734,944||95.92%||3,646,904||4.08%|
|Peter C. G. Richards||86,060,678||96.28%||3,321,170||3.72%|
|Wayne G. Thomson||86,074,678||96.30%||3,307,170||3.70%|
About TVI Pacific Inc.
TVI Pacific Inc. is a Canadian resource company focused on the production, development, exploration and acquisition of resource projects in the Philippines and Southeast Asia. TVI's affiliate, TVI Resource Development (Phils.) Inc. ("TVIRD"), has to date produced copper and zinc concentrates from its Canatuan mine and is advancing its Balabag Gold-Silver project and its Agata Nickel DSO operation.
TVI holds a 30.66% indirect interest in TVIRD and the assets owned by TVIRD (including Canatuan, Balabag, the Agata Mining and the Agata Processing Joint Ventures, the Pan de Azucar Mining and Processing Joint Ventures, and various exploration properties), a 23.01% equity interest in Foyson Resources Limited ("Foyson"), a 14.4% equity interest in Mindoro Resources Ltd., 100% of TG World Energy Corp., and a 10% interest in the Amazon Bay Iron Sands project (for which the exploration license is held by Titan Mines Limited, a company in which Foyson holds 50% shareholding and has an option to acquire the remaining 50%).
The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.
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TVI Pacific Inc.