Trench Metals Corp (TMC)

[~ Blue ~]

they posted the news something boiling new director Mark Ferguson


NOVATEQNI CORPORATION
Suite 200, Bay 6, 4500
– 5
th
Street N.E.
Calgary, Alberta
T2E 7C3
NEWS RELEA
SE
NOVA
TEQNI
RECEIVES
SHAREHOLDER A
PPROVA
L
FOR CONSOLIDA
TION A
ND CONTINUA
TION
May 24, 2019 – Calgary,
Alberta
– NovaTeqni
Corporation
(TSXV:
NTQ) (the “
Company
”)
announces
that all matters presented at the annual general and special meeting (the “
Meeting
”)
of the shareholders
of the Company,
held on May 21, 2019, were approved.
At the Meeting,
shareholders
approved a consolidation
(the “
Consolidation
”) of the Company’s
outstanding
share capital on a ratio of up to ten (10) pre-Consolidation
common
shares
for every one (1)
post-Consolidation
common
share, and a continuation
(the “
Continuation
”) of the Company
under the
Business Corporations Act
(British Columbia).
The Company
intends
to move forward
with the Consolidation,
and the Continuation,
immediately.
The Consolidation
will be completed
on the basis of ten (10) pre-Consolidation
common
shares for every one (1) post-Consolidat
ion common
share,
following
which the
Company is expected to
have approximately 3,794,746 common shares outstanding.
Completion
of the Consolidation,
and the Continuation,
remain
subject
to the approval
of the
TSX Ventu
re Exchange. Further information regarding the Consolidation, and the Cont
inuation,
is available
in the management
information
circular
mailed
to shareholders
of record in
connection
with the Meeting,
a copy of which is available
under the Company’s
profile on
SEDAR (www.sedar.com).
The Company will provide further information regarding the effective
date of the Consolidation, and the Continuation, as soon as it becomes available.
At the Meeting,
shareholders
also approved
a reconstitution
of the Company’
s board of
directors.
The board of directors
now consists
of Jean Pomerleau,
Scott Davis and Mark
Ferguson.
For further information, contact
Jean Pomerleau
at [e-mail]
.
On behalf of the Board,
NOVA
TEQNI CORPORATION
Jean Pomerleau, President