Velocity Shareholders Approve Sale of Bulgarian Assets
Velocity Minerals (TSXV: VLC) (OTCQB: VLCJF) announced that shareholders have overwhelmingly approved the sale of the company's Bulgarian assets at a special meeting held on April 15, 2025. The special resolution required a minimum two-thirds approval of votes cast.
The meeting saw strong participation with 94.12% of shareholders (185,585,876 shares) represented either in person or by proxy. The voting results were decisively in favor of the asset sale, with 99.99901% (185,584,036 shares) voting FOR and only 0.00099% (1,840 shares) voting AGAINST the resolution.
Velocity Minerals (TSXV: VLC) (OTCQB: VLCJF) ha annunciato che gli azionisti hanno approvato con ampia maggioranza la vendita degli asset della società in Bulgaria durante un'assemblea straordinaria tenutasi il 15 aprile 2025. La delibera speciale richiedeva l'approvazione di almeno due terzi dei voti espressi.
All'assemblea ha partecipato un'ampia maggioranza, con il 94,12% degli azionisti (185.585.876 azioni) rappresentati di persona o per delega. I risultati della votazione sono stati nettamente a favore della vendita degli asset, con il 99,99901% (185.584.036 azioni) a favore e solo lo 0,00099% (1.840 azioni) contrari alla delibera.
Velocity Minerals (TSXV: VLC) (OTCQB: VLCJF) anunció que los accionistas aprobaron de manera abrumadora la venta de los activos de la empresa en Bulgaria en una reunión especial celebrada el 15 de abril de 2025. La resolución especial requería la aprobación mínima de dos tercios de los votos emitidos.
La reunión contó con una fuerte participación, con el 94,12% de los accionistas (185.585.876 acciones) representados en persona o por poder. Los resultados de la votación fueron decisivamente a favor de la venta de activos, con un 99,99901% (185.584.036 acciones) votando a FAVOR y solo un 0,00099% (1.840 acciones) votando EN CONTRA de la resolución.
Velocity Minerals (TSXV: VLC) (OTCQB: VLCJF)는 2025년 4월 15일에 열린 특별 주주총회에서 회사의 불가리아 자산 매각이 주주들에 의해 압도적으로 승인되었다고 발표했습니다. 특별 결의안은 투표된 표의 최소 3분의 2 이상의 승인이 필요했습니다.
총회에는 주주 94.12% (185,585,876주)가 직접 또는 대리인으로 참석하여 높은 참여율을 보였습니다. 투표 결과는 자산 매각에 대해 99.99901% (185,584,036주)가 찬성하고 단지 0.00099% (1,840주)만이 반대한 것으로 결정적이었습니다.
Velocity Minerals (TSXV : VLC) (OTCQB : VLCJF) a annoncé que les actionnaires ont approuvé à une écrasante majorité la vente des actifs bulgares de la société lors d'une assemblée extraordinaire tenue le 15 avril 2025. La résolution spéciale nécessitait un minimum des deux tiers des voix exprimées pour être adoptée.
La réunion a connu une forte participation, avec 94,12 % des actionnaires (185 585 876 actions) représentés en personne ou par procuration. Les résultats du vote ont été nettement favorables à la vente des actifs, avec 99,99901 % (185 584 036 actions) votant POUR et seulement 0,00099 % (1 840 actions) votant CONTRE la résolution.
Velocity Minerals (TSXV: VLC) (OTCQB: VLCJF) gab bekannt, dass die Aktionäre beim außerordentlichen Treffen am 15. April 2025 den Verkauf der bulgarischen Vermögenswerte des Unternehmens mit überwältigender Mehrheit genehmigt haben. Für die Sonderbeschlussfassung war eine Mindestzustimmung von zwei Dritteln der abgegebenen Stimmen erforderlich.
Die Versammlung verzeichnete eine starke Beteiligung mit 94,12 % der Aktionäre (185.585.876 Aktien), die persönlich oder durch Bevollmächtigte vertreten waren. Das Abstimmungsergebnis fiel eindeutig zugunsten des Vermögensverkaufs aus, mit 99,99901 % (185.584.036 Aktien), die dafür stimmten, und nur 0,00099 % (1.840 Aktien), die dagegen stimmten.
- Overwhelming shareholder approval (99.99901%) for the Bulgarian asset sale
- High shareholder participation rate of 94.12% demonstrates strong engagement
- Complete divestment of Bulgarian assets reduces company's operational portfolio
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2025) - Velocity Minerals Ltd. (TSXV: VLC) (OTCQB: VLCJF) ("Velocity" or the "Company") announces, further to its news releases dated October 1, 2024, November 29, 2024, December 17, 2024 and February 28, 2025, that shareholders have overwhelmingly voted in favour of a special resolution approving the sale of the Company's Bulgarian assets (see Notice of Meeting and Management Information Circular available for download on the Company's web site and on its SEDAR+ profile at www.sedarplus.ca). The special resolution had to be approved by not less than two-thirds of the votes cast at the special meeting of shareholders held April 15, 2025 (the "Meeting"). At the Meeting, shareholders representing an aggregate of
Detailed Voting Results
| Shares Voted FOR | 185,584,036 | |
| Shares Voted AGAINST | 1,840 | |
| Total Shares Voted | 185,585,876 |
On Behalf of the Board of Directors
"Keith Henderson"
President & CEO
For further information, please contact:
Keith Henderson
Phone: +1-604-484-1233
E-mail: info@velocityminerals.com
Web: www.velocityminerals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the completion of the asset sale transaction, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, requirements for additional capital, actual results of exploration activities, including on the Company's projects, the estimation or realization of mineral reserves and mineral resources, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals (including TSX Venture Exchange acceptance), permits or financing or in the completion of development or construction activities, risks relating to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company's business, financial condition and results of operations, changes in laws, regulations and policies affecting mining operations, title disputes, the timing and possible outcome of any pending litigation, environmental issues and liabilities, as well as the risk factors described in the Company's annual and quarterly management's discussion and analysis and in other filings made by the Company with Canadian securities regulatory authorities under the Company's profile at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake any obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248703
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