Typhoon Changes Its Information Circular
August 28 2020 - 8:30AM
PR Newswire (Canada)
PIEDMONT, QC, Aug. 28, 2020
/CNW Telbec/ - Typhoon Exploration Inc. (TSX-V: TYP)
("Typhoon" or "the Company") announces the following changes the
information circular issued for its Annual general meeting to be
held on September 9th.
The Company has decided to:
- Lower the salaries of Mr. Ghislain Morin (CEO) and
Mr. Serge Roy (Chairman of the Board) by 50%, for the
duration of one (1) year starting September 1, 2020;
- Lower by 50% the provisions of Mr. Morin's and
Mr. Roy's employment contracts;
- Cancel the purchase of a property belonging
to 9400-4579 Quebec Inc.
Since the arrival of the new Board of directors in
November 2019, market capitalization has tripled. Typhoon's
new leadership is currently developing an operating strategy to
increase the value of the Company's assets for the benefit of its
shareholders.
The TSX Venture Exchange and its regulatory
service provider (as defined by the TSX-V Venture Exchange rules)
cannot be held responsible for the accuracy or veracity of this
press release.
SOURCE Typhoon Exploration Inc.
Copyright 2020 Canada NewsWire
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