Feb 16, 2018   SOURCE: PR NewsWire

TerraVest announces 2017 annual and special meeting of shareholders results and its name change to TerraVest Industries Inc.

VEGREVILLE, AB, Feb. 16, 2018 /CNW/ - TerraVest Capital Inc. (TSX: TVK) held its annual and special meeting of shareholders on February 12, 2018 (the "Meeting"). A total of 12,319,498 common shares (representing approximately 67.25% of the outstanding common shares) were represented in person or by proxy.

As part of the Meeting, shareholders approved and authorized an amendment to TerraVest's articles to change the name of TerraVest Capital Inc. to TerraVest Industries Inc. No change is being made to the stock symbol, as TerraVest will continue trading on the Toronto Stock Exchange under the symbol "TVK".

TerraVest will begin trading under the new name effective at the start of trading on or about February 28, 2018.

The complete voting results from the Meeting are as follows:

1. Election of Directors

Each of the 6 nominees listed in the Management Proxy Circular was elected as a Director of TerraVest.

    Nominee   Votes For            % For        Votes Withheld         % Withheld
    -------   ---------            -----        --------------         ----------

     Charles
     Pellerin           11,657,706       94.65%               658,292             5.35%
     --------           ----------        -----                -------              ----

     Blair
     Cook               12,308,748       99.94%                 7,250             0.06%
     -----              ----------        -----                  -----              ----

     Dale
     H.
     Lanuik             11,657,706       94.65%               658,292             5.35%
     ------             ----------        -----                -------              ----

     Dustin
     Haw                11,657,706       94.65%               658,292             5.35%
     ------             ----------        -----                -------              ----

     Rocco
     Rossi              12,308,748       99.94%                 7,250             0.06%
     -----              ----------        -----                  -----              ----

     Mick
     MacBean            12,308,748       99.94%                 7,250             0.06%
     -------            ----------        -----                  -----              ----

2. Appointment of Auditors named in the Management Proxy Circular

Raymond Chabot Grant Thornton LLP were appointed as auditors of TerraVest until the close of the next annual general shareholders' meeting and the Directors were authorized to fix the remuneration of the auditors.

    Votes For  % For        Votes Withheld       % Withheld
    ---------  -----        --------------       ----------

    12,311,348       99.93%               8,150             0.07%
    ----------        -----                -----              ----

3. Approval of Special Resolution to Change the Name of TerraVest to "TerraVest Industries Inc."

The Special Resolution authorizing and approving an amendment to the Corporation's articles to effect the change of the TerraVest's name to "TerraVest Industries Inc.", or such other name as the board of directors of TerraVest may deem appropriate was passed by the Shareholders.

    Votes For  % For        Votes Withheld       % Withheld
    ---------  -----        --------------       ----------

    12,313,948       99.95%               5,550             0.05%
    ----------        -----                -----              ----

SOURCE TerraVest Capital Inc.