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Tectonic Metals says shareholders re-elect board of directors; adds market-making service

Antonio Reda, Curt Freeman, Allison Rippin Armstrong, Mel Benson and Michael Roper will remain as the board's five members

Mining equipment and people wearing hard hats
Tectonic, based in Vancouver, is focused on the acquisition, exploration and development of mineral resources from district-scale projects in politically stable jurisdictions

Tectonic Metals Inc (CVE:TECT) announced Friday that all the measures put up for a vote at its annual general meeting of shareholders were approved, and revealed that it has initiated a market-making service to improve trading in its shares.

The mineral exploration company's shareholders re-elected directors Antonio Reda, Curt Freeman, Allison Rippin Armstrong, Mel Benson and Michael Roper to the board and kept the number of directors set at five. 

Davidson & Company LLP was also reappointed as auditor and Tectonic’s existing stock option was approved.

READ: Alaskan Native Regional Corporation Doyton to become Tectonic Metals largest shareholder

Additionally, Tectonic hired Venture Liquidity Providers Inc to serve as a market maker for the company. VLP will trade shares of the company on the TSX Venture exchange with the goal of maintaining an orderly market and increasing the liquidity of its shares.

Tectonic has agreed to pay $5,000 monthly for the next year, and the deal can be terminated at any time by either party.

Tectonic, based in Vancouver, is focused on the acquisition, exploration and development of mineral resources from district-scale projects in politically stable jurisdictions. Its operations include the Northway project in the US state of Alaska.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Quick facts: Tectonic Metals

Price: 0.225 CAD

TSX-V:TECT
Market: TSX-V
Market Cap: $14.68 m
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Full interview: Tectonic Metals brings on partner as Doyon Limited invests...

Tectonic Metals (CVE: TECT) President and CEO Tony Reda and Pres and CEO of Doyon limited Aaron Shutt joined Steve Darling from Proactive Vancouver with details about Doyon taking a large stake to become the lead investor in Tectonic Metals. Reda telling Proactive about the partnership and why...

on 15/4/20

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