Three Valley Copper Announces Adjournment of Annual and Special Meeting of Shareholders

Rhea-AI Summary

Three Valley Copper Corp. announced the adjournment of its 2022 annual general and special meeting of shareholders from June 22 to June 30, 2022. The decision follows an insufficient quorum of 20% of the company's common shares submitted as proxies, which fell short of the required 25%. Shareholders are encouraged to vote by June 29, 2022, at 5:00 PM (Toronto Time). The record date for eligibility remains May 13, 2022. The company emphasizes that the approval of all matters in the Meeting Information Circular is in its best interests.

Positive

• The company is actively soliciting votes, indicating engagement with shareholders.
• The postponement allows more time for shareholders to participate and vote.

Negative

• Only 20% of proxies were submitted, falling short of the required 25% quorum.
• The adjournment may indicate potential shareholder apathy or dissatisfaction.

TORONTO, June 22, 2022 (GLOBE NEWSWIRE) -- (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) announced today that its 2022 annual general and special meeting of shareholders (the “Meeting”) has been adjourned from the original meeting date of June 22, 2022 at 11:00 AM (Toronto time) to the new date of June 30, 2022 at 1:00 PM (Toronto time). The details of the Meeting, including how to attend the Meeting, are set out in the Company’s management information circular dated May 20, 2022 (the “Meeting Information Circular”). The record date for determining shareholders entitled to vote at the Meeting remains the close of business on May 13, 2022.

During the current adjournment, the Company continues to solicit votes from its shareholders with respect to all proposals set forth in the Meeting Information Circular. At the time the Meeting was adjourned, proxies had been submitted by shareholders representing approximately 20% of the Company’s common shares outstanding and entitled to vote, which did not constitute the requisite 25% quorum. The Board of Directors of the Company believes that the approval of all matters set out in the Meeting Information Circular is in the best interests of the Company. Proxies previously submitted with respect to the Meeting will be voted on all proposals at the adjourned Meeting unless properly revoked, and shareholders who have previously submitted a proxy or otherwise voted need not take any action.

Three Valley Copper encourages all shareholders of record on May 13, 2022 who have not yet voted to do so by 5:00 PM (Toronto Time) on June 29, 2022. Shareholders with questions on how to vote their common shares are encouraged to contact TSX Trust Company toll-free in North America at 1-866-600-5869 or by email at tsxtis@tmx.com.

About Three Valley Copper

Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on copper production from its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 95.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.

For further information:

Michael Staresinic
President and Chief Executive Officer
T: (416) 943-7107
E: mstaresinic@threevalleycopper.com

Renmark Financial Communications Inc.
Joshua Lavers: jlavers@renmarkfinancial.com
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Source: Three Valley Copper Corp

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

FAQ

What is the new date for the Three Valley Copper meeting?

The adjourned meeting date for Three Valley Copper is June 30, 2022, at 1:00 PM (Toronto Time).

Why was the Three Valley Copper meeting adjourned?

The meeting was adjourned due to insufficient proxies, with only 20% submitted, which did not meet the required 25% quorum.

What is the deadline for Three Valley Copper shareholders to vote?

The deadline for shareholders to vote is June 29, 2022, at 5:00 PM (Toronto Time).

What percentage of proxies were submitted for the Three Valley Copper meeting?

Approximately 20% of the proxies were submitted by shareholders.

What is the record date for Three Valley Copper's voting rights?

The record date for determining shareholders entitled to vote is May 13, 2022.