/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, May 31, 2018 /CNW/ - UrtheCast Corp. (TSX: UR)
("UrtheCast" or the "Company") announced today that
it has filed a management information circular (the
"Circular") for its annual and special shareholder meeting
(the "Meeting") scheduled for 10:30
a.m. (Vancouver time) on
June 25, 2018 at the Pan Pacific
Hotel Vancouver at 300-999 Canada Place, Vancouver, BC. The purpose of the Meeting is,
among other things, to elect directors to the board of directors of
UrtheCast (the "Board"). The Company also announced
that Tye Burt resigned as Chair of the Board and a director of
UrtheCast effective as of May 30,
2018 and will not be continuing until June 25, 2018, as announced on May 30, 2018. The Board has appointed
Adam M. Vore as Interim Chair until
the Meeting after which point the reconstituted Board will appoint
a Chair.
Details on the matters to be considered at the Meeting are
described in full in the Circular. An electronic copy of the
Circular is available on SEDAR at www.sedar.com under UrtheCast's
issuer profile and on the Company's website at
www.urthecast.com.
About UrtheCast
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, through its
subsidiary Deimos Imaging, S.L.U., including two satellites,
Deimos-1 and Deimos-2, to produce imagery data for partners and
customers in multiple markets. UrtheCast processes and distributes
imagery data and value-added products on behalf of the PanGeo
Alliance, a network of seven satellite operators with a combined 13
medium- and high-resolution EO sensors. UrtheCast is developing a
satellite constellation designed to capture high-quality, medium
resolution optical imagery of the Earth's entire landmass
(excluding Antarctica) every day,
called UrtheDailyâ„¢. UrtheCast is also developing the world's first
fully-integrated constellation of sixteen multispectral optical and
SAR satellites, called OptiSARâ„¢. Common shares of UrtheCast trade
on the Toronto Stock Exchange as ticker "UR".
For more information, visit UrtheCast's website at
www.urthecast.com.
Forward Looking Information
This release contains certain information which, as presented,
constitutes "forward-looking information" or "forward-oriented
financial 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", "plan", "explore" and "expect", statements that an
action or event "may", "should" or "will" be taken or occur, or
other similar expressions. 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 as at the date of this
press release, 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; as well as
those factors and assumptions discussed in UrtheCast's annual
information form dated April 2, 2018,
which is available under UrtheCast's SEDAR profile at
www.sedar.com. UrtheCast cautions readers that such factors and
uncertainties are not exhaustive and that should certain risks or
uncertainties materialize, or should underlying estimates or
assumptions prove incorrect, actual results, performance or
achievements may vary significantly from those expected. There can
be no assurance that the actual strategies, results, performance,
events or activities anticipated by the Company will be realized
or, even if substantially realized, that they will have the
expected consequences to, or effects on, the Company.
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.