Press Release: TERRAVEST INDUSTRIES INC. ANNOUNCES RESULTS OF 2025 ANNUAL MEETING OF SHAREHOLDERS

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TERRAVEST INDUSTRIES INC. ANNOUNCES RESULTS OF 2025 ANNUAL MEETING OF SHAREHOLDERS

Canada NewsWire

TORONTO, Feb. 11, 2025

TORONTO, Feb. 11, 2025 /CNW/ - TerraVest Industries Inc. (TSX: TVK) (the "Corporation") held its annual meeting of shareholders on February 11, 2025 (the "Meeting"). A total of 13,873,942 common shares (representing 71.14% of the 19,501,433 outstanding voting shares) were represented in person or by proxy at the Meeting.

The complete voting results from the Meeting are as follows:

Election of Directors

Each of the nominees proposed in the Corporation's Management Information Circular dated as of January 9, 2025 (the "Circular") was elected.

 
Name of Nominee    Vote For    %      Withhold Vote  % 
Charles Pellerin   10,751,285  79.61      2,753,651  20.39 
Blair Cook         12,148,569  89.96      1,356,367  10.04 
Dustin Haw         10,933,522  80.96      2,571,414  19.04 
Dale H. Laniuk     10,758,911  79.67      2,746,025  20.33 
Rocco Rossi        12,334,789  91.34      1,170,147   8.66 
Mick MacBean       12,356,137  91.49      1,148,799   8.51

Appointment of KPMG LLP as the Corporation's auditors

KPMG LLP was re-appointed as the Corporation's auditors and the directors were authorized to determine their remuneration.

 
                 Number of Votes  % 
Votes FOR             13,857,504   99.88 
Votes WITHHELD            16,438    0.12 
Total                 13,873,942  100.00

Option Plan Resolution

A resolution approving all unallocated options, rights or other entitlements under the Corporation's stock option plan until February 11, 2028 was approved.

 
                Number of Votes  % 
Votes FOR            10,093,267   74.74 
Votes AGAINST         3,411,669   25.26 
Total                13,504,936  100.00

DSU Plan Resolution

A resolution approving, ratifying and confirming the adoption of the Corporation's deferred share unit plan and the unallocated rights thereunder until February 11, 2028 was approved.

 
                Number of Votes  % 
Votes FOR            11,769,683   87.15 
Votes AGAINST         1,735,253   12.85 
Total                13,504,936  100.00

SOURCE TerraVest Industries Inc.

View original content: http://www.newswire.ca/en/releases/archive/February2025/11/c6885.html

/CONTACT:

FOR FURTHER INFORMATION PLEASE CONTACT: Dustin Haw, TerraVest Industries Inc., Chief Executive Officer, $(450.UK)$ 378-2334, ir@terravestindustries.com

Copyright CNW Group 2025

(END) Dow Jones Newswires

February 11, 2025 17:00 ET (22:00 GMT)

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Press Release: TERRAVEST INDUSTRIES INC. ANNOUNCES RESULTS OF 2025 ANNUAL MEETING OF SHAREHOLDERS

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