Velocity Reports 2025 AGM Results

Rhea-AI Summary

Velocity Minerals Ltd. (TSXV: VLC) held its 2025 Annual General Meeting on June 17 in Vancouver, with strong shareholder participation representing 58.14% of outstanding shares. All proposed motions received overwhelming approval, including the election of directors Keith Henderson, Mark Cruise, Daniel Marinov, Gerrie van der Westhuizen, and Michelle Roth, with support ranging from 98.46% to 100%. Shareholders also unanimously approved the appointment of auditors and showed strong support (99.95%) for the Stock Option Plan. The meeting demonstrated solid shareholder confidence in the company's leadership and governance structure.

Vancouver, British Columbia--(Newsfile Corp. - June 18, 2025) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") reports the results of its annual general meeting (the "Meeting") of shareholders held on June 17, 2025, in Vancouver, British Columbia. All the motions presented to the shareholders were approved.

Votes representing 114,658,946 shares were cast, representing 58.14% of the issued and outstanding shares at the record date. A summary of the Meeting results is outlined below.

Motion	Votes for the  Motion	Percentage of  Votes in Favour
Number of Directors	114,658,946	100%
Keith Henderson	112,888,946	98.46%
Mark Cruise	112,888,946	98.46%
Daniel Marinov	112,888,946	98.46%
Gerrie van der Westhuizen	114,658,946	100%
Michelle Roth	112,888,946	98.46%
Appointment of Auditor	114,658,946	100%
Ratification and Approval of Stock Option Plan	114,600,946	99.95%

 

On Behalf of the Board of Directors

"Keith Henderson"

President & CEO

For further information, please contact:

Keith Henderson
Phone: +1-604-484-1233
E-mail: info@velocityminerals.com
Web: www.velocityminerals.com

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

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255959

FAQ

What were the key results of Velocity Minerals' (VLCJF) 2025 AGM?

All motions were approved with strong support, including election of directors (98.46-100% approval), appointment of auditors (100%), and stock option plan (99.95%). Shareholder participation was 58.14% of outstanding shares.

Who are the current board members of Velocity Minerals after the 2025 AGM?

The board members are Keith Henderson, Mark Cruise, Daniel Marinov, Gerrie van der Westhuizen, and Michelle Roth, all elected with over 98% approval.

What was the shareholder participation rate at Velocity Minerals' 2025 AGM?

The shareholder participation represented 114,658,946 shares, or 58.14% of the issued and outstanding shares at the record date.

What percentage of shareholders approved Velocity Minerals' Stock Option Plan in 2025?

The Stock Option Plan received 99.95% approval, with 114,600,946 votes in favor.