TNO.H:CC - Terreno Resources Results of Annual and Special Meeting of Shareholders
(TheNewswire)
TORONTO, CANADA – TheNewswire - October 2, 2023 - Terreno ResourcesCorp. (TSXV:TNO.H) (“ Terreno ” or the“ Company ”) is pleased to announce the results of the meeting ofshareholders held September 29, 2023.
Shareholders representing 18,635,063 shares, or over29% of the issued and outstanding shares, voted at the meeting.
The audited financials statements for the fiscal yearended March 31, 2023 were accepted as presented and Simone &Company was re-appointed auditor of the Company for the ensuing yearby 100% of the vote.
The number of directors was set at three and Mr. GeorgeA. Brown, Mr. Joseph Del Campo, and Mr. Richard Williams werere-elected as directors of the Company.
The continuation of the existing Stock Option Plan wasapproved by 100% of the vote.
The special resolution to approve the issue of up totwenty million common shares over four years to obtain the remaining40% of the Las Cucharas Gold & Silver Project was approved by64.5% of the vote.
At the Board Meeting held subsequent to theshareholders meeting, the Directors appointed Mr. Richard Williams asPresident and Chief Executive Officer and Ms. Carmen Yuen as Treasurerand Corporate Secretary.
Terreno announces that Mr. George A. Brown is retiringfrom his position as President and CEO due to serious health issues.Mr. Brown has been battling throat cancer over this past year and hehas decided to reduce his day-to-day involvement as he recovers fromradiation and chemo treatments. The Board wishes to thank Mr. Brownfor his years of service as CEO since June 2017.
Additional information on the Company can be viewed at www.sedar.com
For additional information, contact: Tel: (905) 467-1109
Email: georgeabrown0955@gmail.com
Suite 1102, 44 Victoria Street, Toronto, Ontario M5C 1Y2
Neither The TSX Venture Exchange norits Regulation Services Provider accepts responsibility for theadequacy or accuracy of this release.
This news release does not constitute an offer to sellor a solicitation of an offer to buy any of Terreno’s securities inthe United States. None of the securities have been and will not beregistered under the United States Securities Act of 1933, as amended(the “1933 Act”), or any state securities laws and may not beoffered or sold within the United States or to U.S. persons unlessregistered under the 1933 Act and applicable state securities laws, oran exemption from such registration is available. Any public offeringof securities in the United States must be made by means of aprospectus that contains detailed information about Terreno and itsmanagement, as well as financial statements.
This release may contain certain “forward lookingstatements” and certain “forward-looking information” as definedunder applicable Canadian and U.S. securities laws. Forward-lookingstatements and information can generally be identified by the use offorward-looking terminology such as “may”, “will”,“expect”, “intend”, “estimate”, “anticipate”,“believe”, “continue”, “plans” or similar terminology.Forward-looking statements and information include, but are notlimited to, statements with respect to the transactions contemplated,any requisite regulatory approvals in respect thereof and proposedfuture transactions Tereno may undertake and their expected timing.Forward-looking statements and information are based on forecasts offuture results, estimates of amounts not yet determinable andassumptions that, while believed by management to be reasonable, areinherently subject to significant business, economic and competitiveuncertainties and contingencies. Forward-looking statements andinformation are subject to various known and unknown risks anduncertainties, many of which are beyond the ability of Terreno tocontrol or predict. Terreno undertakes no obligation to updateforward-looking information except as required by applicable law. Suchforward-looking information represents management's best judgmentbased on information currently available. No forward- looking statement can be guaranteed and actual future resultsmay vary materially. Accordingly, readers are advised not to placeundue reliance on forward-looking statements.
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