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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