Tethyan Resources Announces Result of General and Special Meeting

TETHYAN RESOURCES ANNOUNCES RESULTS OF GENERAL AND SPECIAL MEETING

JERSEY, UK, Nov. 1, 2017 – Tethyan Resources plc (the “Company“) (AIM: TETH) (TSXV: TETH) announces that, at the general and special meeting of the Company held earlier today, all resolutions were passed as set out in the Notice of Meeting dated October 4, 2017, including the resolution to cancel the admission of its ordinary shares (“Ordinary Shares“) to trading on AIM.

As previously announced, the last day of trading of the Ordinary Shares will be November 9, 2017 and cancellation of admission to trading on AIM will take place with effect from 7.00 a.m. on November 10, 2017. The Company’s shareholders will still be able to trade Ordinary Shares on the TSXV.

A summary of the votes lodged by proxy is as follows:

Resolution 1 – cancellation of the Company’s Ordinary Shares from trading on AIM

Number of votes cast

% of votes cast

For

83,526,252

98.75

Against

1,061,555

1.25

Abstained

 

Resolution 2 – consolidation of share capital

Number of votes cast

% of votes cast

For

84,526,252

99.93

Against

61,555

0.07

Abstained

 

About Tethyan

Tethyan Resources Plc (“Tethyan Resources”) is a gold and base metal mineral exploration company incorporated in England & Wales (company registration number 3781581). Tethyan Resources listed on AIM (TETH.L) in 2004 and commenced trading on the TSX Venture Exchange on September 6, 2017, under the symbol “TETH”.

Tethyan Resources is focused on the Tethyan Metallogenic Belt in Eastern Europe, mainly Serbia, where it is acquiring and exploring a portfolio of quality precious and base metals projects with known mineralisation and compelling drill targets.

Tethyan emphasises responsible engagement with local communities and stakeholders, and is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety and environmental management.

More information can be found on our website: www.tethyan-resources.com.

Cautionary Note

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the last day of trading of the Ordinary Shares, the cancellation of admission to trading on AIM and the trading of the Ordinary Shares on the TSXV. Generally, forward-looking information can be identified by the use of forward-looking terminology and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary regulatory approvals, capital expenditures and other costs, and financing and additional capital requirements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

View original content: http://www.newswire.ca/en/releases/archive/November2017/01/c4598.html

Tethyan Resources PLC, Peter Mullens (CEO), +44 1534 881 885, pjm@tethyan-resources.com