TVI Pacific Announces the Results of its Annual Meeting of Shareholders
CALGARY, June 11, 2015 /CNW/ - TVI Pacific Inc. (TSX:TVI) (OTCQB:TVIPF) ("TVI" or "the Company") announces that shareholders have approved all resolutions brought before them at the Annual General Meeting of Shareholders held on June 10, 2015. A total of 33 shareholders holding 107,605,962 shares were represented in person or by proxy at the meeting, representing approximately 16.42% 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 99.2% of the votes cast supported the appointment of the auditors, while 0.8% 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 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:
| Name of Nominee |
Votes For |
Percentage |
Votes |
Percentage |
| Robert C. Armstrong |
78,409,342 |
97.89% |
1,689,970 |
2.11% |
| Aloysius B. Colayco |
78,428,560 |
97.91% |
1,670,752 |
2.09% |
| C. Brian Cramm |
78,432,260 |
97.92% |
1,667,052 |
2.08% |
| Jan R. Horejsi |
78,032,260 |
97.42% |
2,067,052 |
2.58% |
| Clifford M. James |
78,132,642 |
97.54% |
1,966,670 |
2.46% |
| David Moscovitz |
78,428,560 |
97.91% |
1,670,752 |
2.09% |
| Peter C. G. Richards |
78,432,060 |
97.92% |
1,667,252 |
2.08% |
| Wayne G. Thomson |
78,461,254 |
97.95% |
1,638,058 |
2.05% |
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 Asia Pacific region. TVI's track record of success includes putting the first foreign invested mine into production in the Philippines after the passage of the Philippines Mining Act of 1995. From 2004 to 2014, the Canatuan mine produced 105,200 ounces of gold, 1.8 million ounces of silver, 199,778 dry metric tonnes of copper concentrate and 30,558 dry metric tonnes of zinc concentrate.
TVI currently holds a 30.66% interest in TVIRD, a private Philippine resource company engaged in the production of nickel laterite ore at the Agata project as well as the completion of a definitive feasibility study on a nickel processing facility. Additionally, TVIRD is focused on advancing its 100% owned Balabag Gold-Silver project towards production and achieving a listing on the PSE in 2015. In addition to its interest in TVIRD, TVI also holds (i) a 26.0% equity interest in Foyson Resources Limited; (ii) a 14.4% equity interest in Mindoro Resources Ltd.; (iii) a 10% interest in the Amazon Bay Iron Sands project in Papua New Guinea; and (iv) a 100% investment in shares of TG World.
The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.
SOURCE TVI Pacific Inc.
Shirley Anthony, VP Corporate Communications, TVI Pacific Inc., Phone: 778.999.2771, E-mail: [email protected]
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