TVC THREE VALLEY COPPER CORP

Three Valley Copper Announces Director Resignations and Results of Annual and Special Meeting of Shareholders

Three Valley Copper Announces Director Resignations and Results of Annual and Special Meeting of Shareholders

TORONTO, June 30, 2022 (GLOBE NEWSWIRE) -- (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) announced today that its 2022 annual general and special meeting of shareholders (the “Meeting”) concluded without a quorum after being adjourned from the original meeting date of June 22, 2022. In addition, immediately after the Meeting, Messrs. Liu and Smith resigned from the Board of Directors (the “Board”) reflecting the intended result of the Meeting should quorum had been met, as set out in the Company’s management information circular dated May 20, 2022 (the “Meeting Information Circular”).

At the time the Meeting was continued earlier today, proxies had been submitted by shareholders representing approximately 21.5% of the Company’s common shares outstanding and entitled to vote, which did not constitute the requisite 25% quorum. As a result, all matters set out in the Meeting Information Circular of the Company could not be acted upon. Given the minimal number of proxies received since the date of the originally scheduled Meeting on June 22, 2022, the Board did not believe a further adjournment of the Meeting would be sufficient to reach the quorum requisite for the Meeting. As such, the Meeting was cancelled and not adjourned until a later date. The Company will call another shareholders’ meeting to elect directors, appoint its auditor, amend the by-laws related to quorum for shareholders’ meetings and conduct other special business, if any, in due course.

As a result of not meeting quorum for the Meeting, the current slate of directors continues as does the auditor of the Company. The Meeting Information Circular contemplated Messrs. Liu and Smith not standing for re-election and in support of this, Messrs. Liu and Smith today stepped down from the Board reflecting the intent of the Board composition as outlined in the Meeting Information Circular.

“On behalf of our Board and TVC’s management team, we thank David and Bo for their outstanding service and commitment to the Company,” stated Terry Lyons, Chairman of the Board. “We greatly appreciate the leadership, insight and expertise that each of David and Bo provided over the last several years and wish them well in their future endeavors.”

About Three Valley Copper

Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on copper production from its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 95.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit .

For further information:

Michael Staresinic

President and Chief Executive Officer

T: (416) 943-7107 

E:

Renmark Financial Communications Inc.

Joshua Lavers:

T: (416) 644-2020 or (212) 812-7680

Source: Three Valley Copper Corp

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.



EN
30/06/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on THREE VALLEY COPPER CORP

 PRESS RELEASE

Three Valley Copper Corp. Announces Change in Management

Three Valley Copper Corp. Announces Change in Management TORONTO, June 26, 2023 (GLOBE NEWSWIRE) -- Three Valley Copper Corp. (TSXV: TVCH) (the “Company”) is pleased to announce changes in management following the annual and special meeting of shareholders. Mr. Mark Pajak has been appointed Chairman of the Board and Chief Executive Officer, effective June 23, 2023. Mr. Ian MacNeily has been re-appointed Chief Financial Officer and Secretary. For Further Information:Mark Pajak 540 762 2788 Forward Looking Statements This news release contains forward-looking statements. Since forward-lo...

 PRESS RELEASE

Three Valley Copper Announces Transfer of Listing from the TSX Venture...

Three Valley Copper Announces Transfer of Listing from the TSX Venture Exchange to the NEX TORONTO, May 18, 2023 (GLOBE NEWSWIRE) -- (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (“Three Valley Copper”, “TVC” or the “Company”) announces that due to the liquidation of Minera Tres Valles SpA (“MTV”), the Company’s 95.1% Chilean subsidiary, announced on February 17, 2023, the TSX Venture Exchange (the “TSXV”) has informed the Company that the trading of TVC’s common shares will be transferred to the NEX Board of the TSXV effective at the opening of the market on Friday, May 19, 2023. ...

 PRESS RELEASE

Minera Tres Valles SpA Receives Court Approval to Begin Liquidation Pr...

Minera Tres Valles SpA Receives Court Approval to Begin Liquidation Proceedings TORONTO, Feb. 17, 2023 (GLOBE NEWSWIRE) -- (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (“Three Valley Copper”, “TVC” or the “Company”) today announced that Minera Tres Valles SpA (“MTV”), the Company’s 95.1% Chilean copper mining subsidiary, has received from the Civil Courts of Santiago, the declaration of the bankruptcy liquidation. As part of this process, a liquidator has been appointed and immediately assumes full responsibility for the operations and management of MTV. The liquidator will carry...

 PRESS RELEASE

Minera Tres Valles SpA Has Filed an Application for Liquidation in Chi...

Minera Tres Valles SpA Has Filed an Application for Liquidation in Chile TORONTO, Dec. 12, 2022 (GLOBE NEWSWIRE) -- (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (“Three Valley Copper”, “TVC” or the “Company”) today announced that Minera Tres Valles SpA (“MTV”), the Company’s 95.1% Chilean copper mining subsidiary, has filed an application for bankruptcy liquidation with the Civil Courts of Santiago. Under applicable Chilean law, a liquidator is expected to be appointed by the larger creditors of MTV in the coming days, and such liquidator will assume full responsibility for the op...

 PRESS RELEASE

Three Valley Copper Reports 2022 Third Quarter Results

Three Valley Copper Reports 2022 Third Quarter Results TORONTO, Nov. 25, 2022 (GLOBE NEWSWIRE) -- (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. ("TVC" or the "Company") today announced its operating and financial results for the three and nine months ended September 30, 2022. The Company is focused on its primary asset, Minera Tres Valles SpA ("MTV"). Located in Salamanca, Chile, MTV is 95.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. The Company's financial statements and management's discussio...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch