Cansortium Announces Filing of Supplement to its Management Information Circular and New Annual Meeting Date
Shareholders Must Recast their Votes to be Counted
The Company, in recognition of comments from certain shareholders, also wishes to announce that two additional nominees will be proposed for election as directors at the annual general and special meeting of shareholders now scheduled to be held on
The board of directors has now set the number of directors to be elected at six and the Company is proposing six nominees for election to the board of directors instead of five nominees, as Mr.
Shareholders should disregard the form of proxy or voting instruction forms that were delivered to them with the prior notice of meeting and Circular. A new form of proxy or voting instruction form will be provided to shareholders together with an amended notice of meeting and the Supplement.
For shareholders that have already provided voting instructions using their initial form of proxy, voting instruction form or control number, those instructions are no longer valid. Shareholders must provide new voting instructions for their shares to be voted, and should refer to the Supplement and new proxy and voting instruction forms.
A copy of the amended notice of meeting, Supplement and new form of proxy will be available under the Company's corporate profile on SEDAR at www.sedar.com.
The result of the aforementioned six director nominees set out in the Supplement is that two incumbent directors, Mr.
"Neal and David have worked tirelessly for more than two years to support the Company's operations and solidify its balance sheet," said CEO
Certain information in this news release may constitute forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved". In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates, and projections regarding future events. Forward-looking information is necessarily based on many opinions, assumptions, and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in the public documents of the Company available at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect the Company; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.
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