02:34:42 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



3MV Energy Corp
Symbol TMV
Shares Issued 51,482,322
Close 2014-07-21 C$ 0.12
Market Cap C$ 6,177,879
Recent Sedar Documents

3MV shareholders approve all matters at AGM

2014-07-25 11:56 ET - News Release

Mr. Dallas Duce reports

3MV ENERGY ANNOUNCES RESULTS FROM THE ANNUAL MEETING OF SHAREHOLDERS AND ISSUANCE OF SHARES

All matters set out in 3MV Energy Corp.'s management information circular dated June 13, 2014, for the 2014 annual meeting of shareholders held on July 16, 2014, were approved by shareholders. The detailed results of the vote are set out in the attached table.

                                        Votes for   For %  Votes withheld  Withheld % 
Director nominee
Ronald B. Baba                         25,994,335  99.84%          42,608       0.16%
James P. Boyle                         25,994,335  99.84%          42,608       0.16%
Dallas C. Duce                         25,994,335  99.84%          42,608       0.16%
Donald O. Fairholm                     25,994,335  99.84%          42,608       0.16%
Alex Francoeur                         25,994,335  99.84%          42,608       0.16%
Appointment of the auditor              
KPMG LLP, Chartered Accountants        26,036,943 100.00%               0       0.00%
Approval of the stock option plan       
Proposed by management in the circular 25,963,657  99.72%          75,286       0.28%

Issuance of shares

Further to its press releases dated June 16, 2014, 3MV is pleased to announce that it has issued 264,920 shares of the company to Audax Investments Ltd. in relation to interest payable quarterly on the $2-million secured drawdown facility term loan. The debt facility bears interest at 8 per cent per annum, calculated and payable quarterly at the greater of the volume-weighted average market price of the shares of 3MV on the five trading days preceding payment date, or the discounted market price based on closing price at payment date. Following this issue, there will be 51,482,322 common shares of the company issued and outstanding. The issuance of the common shares will not result in a change of control.

Audax is a corporation controlled by Dallas Duce, interim chief executive officer, a director and control person of 3MV.

We seek Safe Harbor.

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