Avante Logixx Inc. Announces Results Of Annual General Meeting
September 18 2020 - 9:44AM
Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF) (“Avante” or the
“Company”) is pleased to announce its results of its annual general
and special meeting of shareholders held on September 17, 2020 (the
“Meeting”).
The Company put forward the following
resolutions to be voted on by shareholders at the Meeting: (i) the
election of directors; (ii) to appoint RSM Canada LLP as
auditor of the Company for the 2021 fiscal year; (iii) the
ratification of the Company’s Stock Option Plan; and (iv) a
shareholder proposal. Resolutions (i) to (iii) were approved by
shareholders. Resolution (iv) was not passed.
A total of 10,047,482 Common Shares of the
21,192,004 Common Shares of the Company that were outstanding as at
the record date were voted at the Meeting, representing 47.41% of
the Common Shares.
The results are as follows:
|
Voted For |
Voted Withhold |
|
Voted For |
Voted Withhold |
1. Election of
Directors |
|
|
|
|
|
Samuel L. Duboc |
10,031,062 |
15,500 |
|
99.846 |
% |
0.154 |
% |
Carol Osler |
10,031,062 |
15,500 |
|
99.846 |
% |
0.154 |
% |
Craig Campbell |
10,030,462 |
16,100 |
|
99.840 |
% |
0.160 |
% |
Stewart Lyons |
10,031,062 |
15,500 |
|
99.846 |
% |
0.154 |
% |
Joseph Leeder |
10,031,062 |
15,500 |
|
99.846 |
% |
0.154 |
% |
2. Appointment of
Auditor |
10,031,982 |
15,500 |
|
99.846 |
% |
0.154 |
% |
|
|
|
|
|
|
|
Voted For |
Voted Against |
|
Voted For |
Voted Against |
3. Ratification of
Stock Option Plan |
7,622,416 |
2,424,146 |
|
75.871 |
% |
24.129 |
% |
4. Shareholder
Proposal |
2,416,407 |
7,630,155 |
|
24.052 |
% |
75.948 |
% |
Each of the directors elected at the Meeting,
being Samuel L. Duboc, Carol Osler, Craig Campbell, Stewart Lyons,
and Joseph Leeder will hold office until the next annual meeting of
the Company or until their earlier resignation or removal.
Further information with respect to the matters
considered at the Meeting can be found in the management
information circular dated August 17, 2020, which is available
under Avante’s issuer profile at www.sedar.com.
This news release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities described herein in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. This news release does
not constitute an offer of securities for sale in the United
States. The securities described herein have not been, nor will
they be, registered under the United States Securities Act of 1933,
as amended, and such securities may not be offered or sold within
the United States absent registration under U.S. federal and state
securities laws or an applicable exemption from such U.S.
registration requirements. About Avante Logixx
Inc.
Avante Logixx Inc. (TSXV: XX) is a Toronto based
provider of high end security services. We acquire, manage and
build industry leading businesses which provide specialized,
mission-critical solutions that address the needs of our customers.
Our businesses continuously develop innovative solutions that
enable our customers to achieve their objectives. With an
experienced team and a proven track record of solid growth, we are
taking steps to establish a broad portfolio of security businesses
to provide our customers and shareholders with exceptional returns.
Please visit our website at www.avantelogixx.com and consider
joining our investor email list.
Avante Logixx Inc.
Craig CampbellCEO(416)
923-6984craig@avantelogixx.com
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