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Verde Announces Results of the 2017 Annual and Special Meeting of Shareholders

TORONTO, June 30, 2017 (GLOBE NEWSWIRE) -- Verde AgriTech (TSX:NPK) ("Verde” or the “Company”) held its Annual and Special Meeting (“ASM”) of shareholders on Thursday June 29, 2017 in Toronto, Canada and is pleased to announce that its shareholders approve all items put before them.

At the ASM, all director nominees were elected as directors of the Company. In addition, shareholders adopted the Directors’ Report, the Audited Statement of Accounts and the Auditors’ Report for the year ended December 31, 2016 and appointed BDO LLP as auditors of the Company for the ensuing year. Shareholders also approved the Company’s proposal to authorise the directors of the Company to fix their remuneration and the issuance of ordinary shares to directors and management. The results of the vote on election of directors are as follows:

Item Voted Upon Voting Result
Election of Directors nominated
in the Company’s management
information circular dated May
26th, 2017

*  The nominees proposed by management were elected by ballot by shareholders, as follows:

                                                                 Votes For  Votes Withheld

Alysson Paulinelli                                     4,426,136            423,666

                                                                  (91.26%)             (8.74%)

Paulo Sergio Ribeiro Machado                4,666,246            183,556

                                                                  (96.22%)             (3.78%)

Cristiano Veloso                                       4,825,737              24,065

                                                                  (99.50%)             (0.50%)

Getulio Lamartine                                    4,465,236             384,566

                                                                  (92.07%)             (7.93%)

Renato Gomes                                        4,455,127             394,675

                                                                 (91.86%)              (8.14%)  
Special Business to approve the
issuance of ordinary shares to
directors and management
*  The resolution was approved by shareholders by ballot, as follows:


                                                               Votes For     Votes Against

                                                               1,817,547              255,886  
(87.66)             (12.34%)

About Verde AgriTech

Verde AgriTech promotes sustainable and profitable agriculture through the development of its Cerrado Verde Project. Cerrado Verde, located in the heart of Brazil’s largest agricultural market, is the source of a potassium-rich deposit from which the Company intends to produce solutions for crop nutrition, crop protection, soil improvement and increased sustainability.

For additional information please contact:

Cristiano Veloso, President & Chief Executive Officer

Tel: +55 (31) 3245 0205; Email:

Cautionary Language and Forward Looking Statements

Neither the TSX nor its regulation services provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. This press release contains certain "forward looking statements", which include but is not limited to, statements with respect to the future financial or operating performance of the company, its subsidiaries and its projects, and statements regarding use of proceeds. Forward looking statements can generally be identified by the use of words such as "plans", "expects", or "does not expect" or "is expected", "anticipates" or "does not anticipate", or "believes", "intends", "forecasts", "budget", "scheduled", "estimates" or variations of such words or phrases or state that certain actions, event, or results "may", "could", "would", "might", or "will be taken", "occur" or "be achieved". Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by said statements. There can be no assurances that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in said statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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