Vancouver, BC / ACCESSWIRE / June 5, 2014 / Viridis Energy Inc. (“Viridis” or the “Company”) (TSXV: VRD) (OTC:VRDSF), “) today announced the results of its annual meeting of shareholders (the “Meeting”) held June 3, 2014 at the Company’s registered office in Vancouver, BC. A total of 110,148,976 common shares, representing 79.56% of all issued and outstanding common shares of the Corporation, were represented in person or by proxy at the Meeting. Viridis Energy hereby announces that shareholders of the Corporation (the “Shareholders”) voted in favour of all items of business put forth at the Meeting by the Corporation.
The complete voting results for each item of business at the Meeting are as follows:
ELECTION OF DIRECTORS
The Board of directors of the Corporation fixed to five (5) the number of directors (the “Directors”) to be elected at the Meeting. Each of the five nominees listed in the Company’s Management Information Circular dated April 29, 2014 were elected as a Director of Viridis Energy until the end of the next annual meeting of Shareholders of the Company or until their successors are appointed. All of the nominee Directors were currently members of the Corporation’s Board of directors, with one addition, Michele Rebiere, Viridis Energy CFO.
APPOINTMENT OF AUDITORS
MNP LLP, Chartered Professional Accountants, was re-appointed as auditors of Viridis Energy until the close of the next annual general Shareholders’ meeting.
CONSOLIDATION OF THE COMPANY’S ISSUED AND OUTSTANDING SHARES
Viridis Energy proposed to consolidate the Company’s issued and outstanding shares on the basis of not more than ten (10) pre-consolidation common shares being consolidated into one (1) new post-consolidation common share, with all resulting fractional shares being rounded down to the nearest whole number. During the Meeting, Shareholders voted in favour of the share consolidation, which will now revert to the option of the Board of Directors as to the timing and the precise consolidation ratio. Should the Board proceed with the consolidation, it may only do so with the approval of the TSX Venture Exchange.
Neither 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 release.
Viridis Investor Contact:
Yvonne L. Zappulla
Grannus Financial Advisors, Inc.
Chief Financial Officer
Viridis Energy Inc
About Viridis Energy Inc.
Viridis Energy Inc. (TSXV:VRD) (OTC:VRDSF) is a publicly traded, “Cleantech” manufacturer and distributor of renewable energy providing wood waste biomass fuel to global residential and industrial markets. Located in Vancouver, B.C., Viridis Energy operates Viridis Merchants (Canada) Ltd., Okanagan Pellet Company, Scotia Atlantic Biomass Company and Viridis Merchants Inc., thus providing the company with vertical integration for distribution and manufacturing as well as coast to coast national presence. For more information on Viridis Energy Inc. please refer to the company website at www.viridisenergy.ca.
SOURCE: Viridis Energy Inc.