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EX-99.1 - EXHIBIT 99.1 - TRI VALLEY CORPex99_1.htm


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
 CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
June 18, 2010


Tri-Valley Corporation
(Exact name of registrant as specified in its charter)

Delaware
     
001-31852
     
94-1585250
(State or other jurisdiction of
incorporation or organization)
     
(Commission File Number)
     
(IRS Employer
Identification No.)

4550 California Blvd., Suite 600
Bakersfield, California 93309
(Address of principal executive office)

Issuer's telephone number:  661-864-0500

Section 5                      Corporate Governance and Management

Item 5.07                      Submission of Matters to a Vote of Security Holders.
 
At the Tri-Valley Corporation annual meeting of stockholders held on June 18, 2010, the stockholders elected each of the following individuals to serve on the Board of Directors for a one year term, by the following votes.

Proposal #1
Nominees
Votes For
Votes Withheld
Paul W. Bateman
18,810,076
1,125,784
Edward M. Gabriel
18,826,834
1,109,026
G. Thomas Gamble
18,805,476
1,130,384
Henry Lowenstein
18,813,604
1,122,256
James S. Mayer
18,818,304
1,117,556
Loren J. Miller
18,805,746
1,130,114

 
 

 
Shareholders also approved the issuance of shares of common stock upon exercise of warrants pursuant to a Securities Purchase Agreement dated April 6, 2010 (the “Purchase Agreement”) between the Company and six institutional investors, by the following vote:

 
Votes For
Votes Against
Abstain
Proposal #2
Issuance of Common Stock Pursuant to Securities Purchase Agreement
18,689,320
1,058,155
188,385

Finally, shareholders approved the future issuance of up to 10,000,000 shares of common stock below the greater of the common stock’s book value or market value at the time of the sale, in a future sale on terms to be approved by the Company’s Board of Directors, by the following vote.

 
Votes For
Votes Against
Abstain
Proposal #3
Issuance of Up to 10,000,000 Shares of Common Stock in a Future Sale
18,294,930
1,470,995
169,935


Section 8                      Other Events

Item 8.01                      Other Events

During the shareholders’ meeting on June 18, Maston N. Cunningham, the Company’s President and Chief Executive Officer, made a PowerPoint presentation summarizing the Company’s current business affairs.  The presentation is attached to this Report as Exhibit 99.1.


Section 9                      Financial Statements and Exhibits

Item 9.01                      Financial Statements and Exhibits

Exhibit 99.1                      Annual Meeting Presentation


Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  June 21, 2010
TRI-VALLEY CORPORATION
/s/ John E. Durbin
 
John E. Durbin, Chief Financial Officer