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Verde Agritech shareholders approve all matters at annual meeting

The company said shareholders approved all matters at its annual and special meeting held May 24

potash field
Verde Agritech has the biggest potash mine in Brazil

Verde Agritech PLC (TSE:NPK) (OTCMKTS:AMHPF) unveiled news Monday that shareholders approved all matters at its annual and special meeting held May 24 in Toronto. 

At the meeting, shareholders elected a number of directors of the company: Alysson Paulinelli, Paulo Sergio, Ribeiro Machado, Cristiano Veloso, Getulio Lamartine, Renato Gomes and Michael St. Aldwyn.

Verde promotes sustainable agriculture through the development of its Cerrado Verde project, which is the source of a potassium-rich deposit. The company hosts the biggest potash mine in Brazil. 

READ: Verde Agritech sold 1,093 tonnes of fertilizer in first three months of 2019

In a statement, the company noted shareholders adopted the directors’ report, the audited statement of accounts and the auditors report for 2018 and appointed  BDO LLP as auditors of the company.

Shareholders also approved the company's proposal to authorize the company’s directors to fix their remuneration and issuance of ordinary shares to directors and management. 

READ: Verde Agritech has cash flow, huge expansion plans, and a high quality product that is being lapped up by Brazilian farmers

The firm recently reported it has sold 1,093  tonnes of its Super Greensand fertilizer in the first quarter ending March, leading to revenue of $154,000 as it continues to advance its project in Brazil. That equates to $141 of revenue per each tonne sold. 

Shares of Verde Agritech were at C$0.69 on Monday. 

Contact Katie Lewis@proactiveinvestors.com

Quick facts: Verde AgriTech Plc

Price: 0.62 CAD

Market: TSX
Market Cap: $29.1 m

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