Glacier Reports Results of Annual and Special General Meeting

VANCOUVER, British Columbia, June 26, 2019 (GLOBE NEWSWIRE) -- Glacier Media Inc. (TSX:GVC) ("Glacier" or the "Company") reports the voting results of the Annual General Meeting of its shareholders held on June 25, 2019 in Vancouver, British Columbia. 

The following six nominees were re-elected as directors of the Company by the following votes:

At the meeting, shareholders approved the extension of the expiry date of the 1,115,000 share purchase warrants held by Madison Venture Corporation with an exercise price of $4.48 per share to June 28, 2029. 96.77% of the votes cast by shareholders, excluding the votes of Madison Venture Corporation and its subsidiaries, approved the extension.

In addition, at the meeting, shareholders also passed a special resolution with 99.93% of shareholders voting in favour of the consolidation of the common shares of Glacier on the basis of one new share for every five old shares.  Glacier will provide shareholders with further details on the timing of the share consolidation.

In addition, shareholders also approved the advisory resolution of the Company's approach to executive compensation with 99.26% of shareholders voting in favour and PricewaterhouseCoopers, LLP, Chartered Accounts was re-appointed as the auditor for the Company.

Shares in Glacier are traded on the Toronto Stock Exchange under the symbol GVC. 

For further information please contact Mr. Orest Smysnuik, Chief Financial Officer, at 604-708-3264. 

About the Company:  Glacier Media Inc. is an information & marketing solutions company pursuing growth in sectors where the provision of essential information and related services provides high customer utility and value. Glacier's strategy is implemented through two operational areas: content and marketing solutions; and data, analytics and intelligence.