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MONTREAL, March 29, 2018 /CNW Telbec/ - Ecolomondo
Corporation (TSXV: ECM) (the "Company" or "Ecolomondo")
wishes to inform its shareholders that, during the Company's annual
general meeting of shareholders (the "AGM") held on
March 28, 2018, the shareholders
approved every resolution that was presented to them. The
resolutions were included in the information circular sent to the
Company's shareholders and filed on SEDAR on March 7th, 2018 (the "Information
Circular"). The shareholders approved namely: (i) the reduction
in the number of persons on the board of directors from nine to
seven; (ii) the election of the directors of the Company (for
further information on the elected directors, please refer to the
Information Circular) and (iii) the appointment of auditors.
The AGM was duly constituted and the quorum was confirmed as
shareholders and proxy holders representing 85.69% of the issued
and outstanding common shares of the Company were represented at
the AGM.
About Ecolomondo Corporation
Ecolomondo is a cleantech Canadian company that is
commercializing its waste-to-products technology. The Thermal
Decomposition Process ("TDP") converts hydrocarbon waste
into marketable commodity end-products, namely carbon black
substitute, oil, gas and steel. Technologies such as Ecolomondo's
are expected to play an important role in resource recovery and
sustainability in the circular economy.
Management believes that technological breakthroughs in areas of
process optimization, automation, end-product processing and
safety, position Ecolomondo to become an industry leader.
The Company's main revenues will come from the sale of TDP
turnkey facilities and royalties from their operations. TDP
facilities will generate revenues from the sale of end-products,
tipping fees and carbon credits. Ecolomondo's first focus is scrap
tires as a feedstock, because they yield end-products with the
highest commercial value, especially the recycled carbon black.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
www.ecolomondo.com
SOURCE Ecolomondo Corp