Magna Terra's Shareholders Show Strong Support at Annual Meeting
Generated by AI AgentWesley Park
Thursday, Feb 27, 2025 6:26 pm ET1min read
TSVT--
Magna Terra Minerals Inc. (TSXV:MTT) has announced that all resolutions proposed to shareholders at its annual and special meeting were duly passed, reflecting a high level of confidence in the Company's management and strategy. The voting results for the election of directors were overwhelmingly positive, with all nominees elected with strong support from shareholders.
Michael Byron, Patricia Kajda, and Gernot Wober were elected with 100% of the votes in favor, while Lewis Lawrick was elected with 99.77% of the votes in favor. This strong approval of the Company's current leadership and direction indicates that shareholders are satisfied with the Company's performance and future prospects.
In addition to the election of directors, McGovern Hurley LLP was reappointed as the Company's auditors for the ensuing year, and the directors were authorized to fix their remuneration. The Company's stock option plan was also ratified and approved.
The Company granted a total of 1,850,000 stock options to certain officers, directors, and consultants in accordance with its stock option plan. Each option is exercisable at $0.075 per share for a period of 5 years from issuance and will vest over an 18-month period in three equal instalments.
Magna Terra Minerals Inc. is a precious and critical metals focused exploration company, headquartered in Toronto, Canada. The Company is focused on acquiring and advancing its high-potential mineral projects in Atlantic Canada and Argentina while generating value for shareholders and minimizing shareholder dilution through option and joint venture partnerships where appropriate. The Company is focused on exploring its 100%-owned Humber Copper-Cobalt Project in Newfoundland and Labrador, its 100%-owned Rocky Brook Project and Cape Spencer Gold Project in New Brunswick, and its significant exploration portfolio in the province of Santa Cruz, Argentina.
The strong shareholder support for Magna Terra's management and strategy, as well as the Company's continued progress in advancing its mineral projects, bodes well for the Company's future. Investors should keep an eye on Magna Terra as it continues to execute its growth strategy and create value for shareholders.
Magna Terra Minerals Inc. (TSXV:MTT) has announced that all resolutions proposed to shareholders at its annual and special meeting were duly passed, reflecting a high level of confidence in the Company's management and strategy. The voting results for the election of directors were overwhelmingly positive, with all nominees elected with strong support from shareholders.
Michael Byron, Patricia Kajda, and Gernot Wober were elected with 100% of the votes in favor, while Lewis Lawrick was elected with 99.77% of the votes in favor. This strong approval of the Company's current leadership and direction indicates that shareholders are satisfied with the Company's performance and future prospects.
In addition to the election of directors, McGovern Hurley LLP was reappointed as the Company's auditors for the ensuing year, and the directors were authorized to fix their remuneration. The Company's stock option plan was also ratified and approved.
The Company granted a total of 1,850,000 stock options to certain officers, directors, and consultants in accordance with its stock option plan. Each option is exercisable at $0.075 per share for a period of 5 years from issuance and will vest over an 18-month period in three equal instalments.
Magna Terra Minerals Inc. is a precious and critical metals focused exploration company, headquartered in Toronto, Canada. The Company is focused on acquiring and advancing its high-potential mineral projects in Atlantic Canada and Argentina while generating value for shareholders and minimizing shareholder dilution through option and joint venture partnerships where appropriate. The Company is focused on exploring its 100%-owned Humber Copper-Cobalt Project in Newfoundland and Labrador, its 100%-owned Rocky Brook Project and Cape Spencer Gold Project in New Brunswick, and its significant exploration portfolio in the province of Santa Cruz, Argentina.
The strong shareholder support for Magna Terra's management and strategy, as well as the Company's continued progress in advancing its mineral projects, bodes well for the Company's future. Investors should keep an eye on Magna Terra as it continues to execute its growth strategy and create value for shareholders.
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