VANCOUVER, May 5, 2017 /CNW/ - UrtheCast Corp. (TSX:UR)
("UrtheCast" or the "Company"), in accordance with the requirements
of the Toronto Stock Exchange, today announces that the six
nominees listed in its management proxy circular dated March 29, 2017 were re-elected as directors of
the Company. The detailed results of the vote held at the Company's
Annual General Meeting of Shareholders (the "Meeting") on
May 4, 2017 in Vancouver, British Columbia, are set out
below.
A total of 26,647,707 common shares were voted in connection
with the Meeting, representing approximately 22.44% of the issued
and outstanding common shares of the Company. On a vote by ballot,
each of the following nominees proposed by management was
re-elected as a director of UrtheCast to hold office until the next
annual general meeting of shareholders or until their successors
are elected or appointed:
Nominee
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
Tye W.
Burt
|
23,484,279
|
95.32
|
1,152,960
|
4.68
|
Wade
Larson
|
24,472,781
|
99.33
|
164,458
|
0.67
|
William M.
Evans
|
23,408,672
|
95.01
|
1,228,547
|
4.99
|
Greg
Nordal
|
23,384,672
|
94.92
|
1,252,547
|
5.08
|
Letitia A.
Long
|
24,479,477
|
99.44
|
137,762
|
0.56
|
James
Topham
|
23,224,979
|
94.27
|
1,412,260
|
5.73
|
ABOUT URTHECAST CORP.
UrtheCast Corp. is a Vancouver-based technology company that serves
the rapidly evolving geospatial and geoanalytics markets with a
wide range of information- rich products and services. The Company
operates Earth Observation (EO) sensors in space, including two
satellites, Deimos-1 and Deimos-2, to produce imagery data that is
displayed on UrtheCast's cloud-based web platform and sold to
partners and customers. Through its subsidiary Deimos Imaging,
UrtheCast processes and distributes imagery data and value-added
products on behalf of the PanGeo Alliance, a network of eight
satellite operators with a combined 15 medium- and high-resolution
EO sensors. UrtheCast is also developing and expects to launch two
EO satellite constellations: the world's first fully-integrated
constellation of sixteen multispectral optical and SAR satellites,
called OptiSAR™, and an eight-satellite constellation designed to
capture high-quality, medium- resolution optical imagery of the
Earth's entire landmass (excluding Antarctica) every day, called UrtheDaily™.
Together, the Company believes these constellations will
revolutionize monitoring of our planet with medium- and
high-resolution, high-coverage and high-revisit imagery in all
weather conditions. Common shares of UrtheCast trade on the Toronto
Stock Exchange as ticker "UR".
Forward Looking Information
This release contains certain information which, as presented,
constitutes "forward-looking information" within the meaning
of applicable Canadian securities laws. Forward-looking information
involves statements that relate to future events and often
addresses expected future business and financial performance,
containing words such as "anticipate", "believe", "plan", and
"expect", statements that an action or event "may", "might",
"could" or "will" be taken or occur, or other similar expressions
and includes, but is not limited to: UrtheCast's expectations with
respect its current sensors and proposed OptiSAR™ and
UrtheDailyTM constellations; its plans for
and timing of expansion of its product offering and value-added
services; and its future growth and operations plans. Such
statements reflect UrtheCast's current views with respect to future
events. Such statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
UrtheCast, are inherently subject to significant uncertainties and
contingencies. Many factors could cause UrtheCast's actual results,
performance or achievements to be materially different from any
future results, performance, or achievements that may be expressed
or implied by such forward-looking statements, including, among
others: any delays or failures in the design, development,
construction, launch and operational commissioning of the proposed
OptiSAR™ or UrtheDailyTM constellations; the Company
being unable to adequately finance the development, building,
launch and commissioning of the UrtheDaily Constellation or to
convert the remaining MOUs and other customer discussions in
respect of the OptiSAR™ constellation into binding, definitive
agreements; the inability of the confidential OptiSAR customer
described in this press release to obtain budgetary approval from
government or to otherwise comply with its obligations under the
binding agreement for the purchase and operation of two satellites;
any failure by Geosys, the Government of Canada or one of UrtheCast's third-party
lenders to comply with the terms of their respective contracts with
UrtheCast, and UrtheCast's ability to comply with any of its
covenants thereunder; the decline of key relationships in, or
termination of, the PanGeo Alliance of EO satellite operators; loss
of key EO imagery sales contracts or customers; failures aboard the
ISS or the Deimos-1 or Deimos-2 satellites; failure to obtain, or
loss of, regulatory approvals, as well as those factors and
assumptions discussed in UrtheCast's annual information form dated
March 28, 2017, (the "AIF"), which is
available under UrtheCast's SEDAR profile at www.sedar.com.
Forward-looking information is developed based on assumptions about
such risks, uncertainties and other factors set out herein, in the
AIF, and as disclosed from time to time on UrtheCast's SEDAR
profile. UrtheCast undertakes no obligation to update
forward-looking statements except as required by Canadian
securities laws. Readers are cautioned against attributing undue
certainty to forward-looking statements.
SOURCE UrtheCast Corp.