Tectonic Metals Announces Results of Annual General and Special Meeting

Tectonic Metals Inc. (TETOF) announced the approval of all matters at its Annual General and Special Meeting held on October 6, 2021.

Rhea-AI Summary

Tectonic Metals Inc. (TETOF) announced the approval of all matters at its Annual General and Special Meeting held on October 6, 2021. Key decisions included the re-election of directors Antonio Reda, Curt Freeman, Allison Rippin Armstrong, and Michael Roper, the re-appointment of Davidson & Company LLP as auditors, and the adoption of a new Equity Incentive Plan. Following the recent passing of Chairman Mel E. Benson, the board plans to appoint a new chairperson and director. Tectonic is focused on mineral exploration in stable jurisdictions with potential for significant ore deposits.

Positive

• All matters voted on at the AGM were approved.
• Re-election of experienced board members.
• Adoption of a new Equity Incentive Plan could enhance employee motivation.

Negative

• None.

Argus Session date unavailable

+2.41% session move Open Argus

Details

News Market Reaction – TETOF

The recorded move for TETOF in the trading session of this news was +2.41%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

VANCOUVER, BC, Oct. 7, 2021 /PRNewswire/ - Tectonic Metals Inc. (TSXV: TECT) (OTCQB: TETOF) (FSE: T15B) (the "Company" or "Tectonic") is pleased to announce that Tectonic shareholders approved all matters voted on at the Annual General and Special Meeting of Shareholders ("AGSM") held on Wednesday, October 6, 2021, in person and online, including:

• the re-election of Antonio Reda, Curt Freeman, Allison Rippin Armstrong, and Michael Roper to the Tectonic Board of Directors;
  
  
• the re-appointment of Davidson & Company LLP as auditors of the Company; and
  
  
• the adoption of the Company's new Equity Incentive Plan.

Following the passing of the Company's Chairman Mel E. Benson, which was sadly announced in the news release of September 22, 2021, the directors of the Company will appoint a Chairperson and new director to fill the vacancy on the Board after the AGSM.

About Tectonic 

Tectonic Metals Inc. is a mineral exploration company created and operated by an experienced and well-respected technical and financial team with a track record of wealth creation for shareholders. Key members of the Tectonic team were involved with Kaminak Gold Corporation, the Company that raised C$165 million to fund the acquisition, discovery, and advancement of the Coffee Gold Project in the Yukon Territory through to the completion of a bankable feasibility study before selling the multi-million-ounce gold project to Goldcorp Inc. (now Newmont) for C$520 million in 2016. Tectonic is focused on the acquisition, exploration, discovery and development of mineral resources from district-scale projects in politically stable jurisdictions that have the potential to host world-class orebodies.  

To learn more about Tectonic please click here. 

On behalf of Tectonic Metals Inc., 

Tony Reda 
President and Chief Executive Officer 

For further information about Tectonic Metals Inc. or this news release, please visit our website at www.tectonicmetals.com or contact Bill Stormont, Investor Relations, at toll-free 1.888.685.8558 or by email at info@tectonicmetals.com. 

Facebook:	https://www.facebook.com/TectonicMetals/
Twitter:	https://twitter.com/TectonicMetals
Instagram:	https://www.instagram.com/tectonicmetals/
LinkedIn:	https://www.linkedin.com/company/tectonic-metals

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/tectonic-metals-announces-results-of-annual-general-and-special-meeting-301395788.html

SOURCE Tectonic Metals Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were the results of Tectonic Metals' AGM on October 6, 2021?

All matters were approved, including the re-election of board members and the adoption of a new Equity Incentive Plan.

Who were re-elected to the board of Tectonic Metals?

Antonio Reda, Curt Freeman, Allison Rippin Armstrong, and Michael Roper were re-elected.

What is the significance of the new Equity Incentive Plan for Tectonic Metals?

The new Equity Incentive Plan aims to enhance employee motivation and retention.

What follows the passing of Tectonic Metals' Chairman Mel E. Benson?

The board will appoint a new Chairperson and director after the AGM.