The Corporation announced that (a) the resolution to amend the Notice of Articles and Articles of Corporation, in one or more amendments, to: (i) provide that the Class B shares of the Corporation automatically convert into common shares, rather than proportionate voting shares, upon closing of the Qualifying Acquisition; (ii) create a class of preferred shares, issuable in series; and (iii) remove the Class A restricted voting shares, Class B shares and proportionate voting shares of the Corporation, and (b) the resolution to authorize the board of directors to adopt an omnibus incentive plan, were each approved by the affirmative vote of 88.9% and 87.2%, respectively, of the votes represented at the Meeting. Each of the foregoing resolutions are conditional upon closing of the Qualifying Acquisition. In addition, the resolution to extend the date by which the Corporation has to consummate a qualifying acquisition from
A copy of the complete report on voting at the Meeting is available under the Corporation's profile on SEDAR at www.sedar.com.
This press release may contain forward–looking information within the meaning of applicable securities legislation, which reflects the Corporation's current expectations regarding future events. Forward–looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Corporation's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward–looking information. The Corporation does not undertake any obligation to update such forward–looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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