In This Article:
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2024) - Velocity Minerals Ltd. (TSXV: VLC) ("Velocity" or the "Company") reports the results of its annual general meeting (the "Meeting") of shareholders held on June 18, 2024 in Vancouver, British Columbia. All the motions presented to the shareholders were approved.
Votes representing 149,815,984 shares were cast, representing 76.36% of the issued and outstanding shares at the record date. A summary of the Meeting results is outlined below.
| Motion | Votes for the Motion | Percentage of Votes in Favour |
| Number of Directors | 149,550,960 | 99.82% |
| Keith Henderson | 149,540,746 | 99.82% |
| Mark Cruise | 149,540,746 | 99.82% |
| Daniel Marinov | 149,540,746 | 99.82% |
| Gerrie van der Westhuizen | 149,805,770 | 99.99% |
| Michelle Roth | 149,540,960 | 99.82% |
| Appointment of Auditor | 149,815,984 | 100% |
| Ratification and Approval of Stock Option Plan | 149,264,960 | 99.63% |
About Velocity Minerals Ltd.
Velocity is a precious metal and copper explorer focused in Europe. In Bulgaria, Velocity has a 70% interest in the Tintyava property, which includes the prefeasibility-stage Rozino deposit. Velocity also has a 70% interest in the Momchil property (which includes the Obichnik project), a 70% interest in the Nadezhda property (which includes the Makedontsi project), and a 70% interest in the Dangovo property (which is contiguous with the Makedontsi project). The Company holds a 100% interest in the Iglika copper-gold exploration property. The Company has entered into an agreement to acquire a 75% interest in the Zlatusha copper-gold exploration property.
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, 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. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "will", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Property in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Property, and the Company's ability to comply with environmental, health and safety laws.