CALGARY,
AB, Dec. 4, 2023 /CNW/ - CE Brands Inc. (TSXV:
CEBI) (the "Corporation"), a data-driven
consumer-electronics company, is pleased to announce the results of
the Corporation's Special Meeting of Shareholders held December 4, 2023 (the "Meeting"). At the
meeting, the special resolution, as set out in the Management
Information Circular dated November 3,
2023, to authorize the Corporation to consolidate the Common
Shares of the Corporation on a ten (10) for one (1) basis and amend
and file articles of amendment providing for such consolidations
(the "Consolidation") was approved.
A total of 385,173,548 common shares of the Corporation were
voted at the Meeting, representing approximately 86% of the total
number of issued and outstanding shares. Further details on the
Consolidation are contained in the management information circular
of the Company dated November 3, 2023
(the "Circular"), which has been filed and is available under the
Company's profile on SEDAR+ at www.sedarplus.com.
The Consolidation is subject to the approval of the TSX Venture
Exchange.
A copy of the letter of transmittal will be available on the
Company's profile on SEDAR+ at www.sedarplus.com.
About the Corporation
The Corporation develops products with leading manufacturers and
iconic brand licensors by utilizing data that identifies key market
opportunities.
Neither the TSX Venture Exchange nor its regulation services
provider (as defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this press
release.
Forward-Looking Information
This press release
contains forward–looking statements and forward–looking information
within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "will", "outlook" and similar
expressions are intended to identify forward–looking information or
statements. More particularly and without limitation, this press
release contains forward–looking statements, information regarding
the approval of the TSX Venture Exchange and the anticipated
posting of the transmittal letter on SEDAR and the Company's
website. These forward–looking statements and information are based
on certain key expectations and assumptions made by the Company in
light of its experience and its perception of historical trends,
current conditions and expected future developments, as well as
other factors that the Company believes are appropriate in the
circumstances. Although the Company believes that the expectations
and assumptions on which such forward–looking statements and
information are based are reasonable, undue reliance should not be
placed on the forward–looking statements and information as the
Company cannot give any assurance that they will prove to be
correct. Since forward–looking statements and information address
future events and conditions, by their very nature they involve
inherent risks and uncertainties. Actual results could differ
materially from those currently anticipated due to a number of
factors and risks. These include, but are not limited to; the risks
set out in the section "Matters to be Acted on at the Meeting –
Approval of the Share Consolidation – Risks Associated with the
Share Consolidation" within the Circular. Readers are cautioned
that the foregoing list of risks and uncertainties is not
exhaustive. Additional information on these and other risk factors
that could affect the Company's operations or financial results may
be accessed through the SEDAR+ website (www.sedarplus.com). The
forward–looking statements and information contained in this press
release are made as of the date hereof and the Company does not
undertake any obligation to update publicly or revise any
forward–looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws.
SOURCE CE Brands Inc.