Yangaroo Re-Elects Board and Announces Amended Stock Option Plan
July 05 2017 - 9:00AM
YANGAROO Inc. (the “Company”) (TSX-V:YOO),
(OTC:YOOIF), the industry's leading secure digital media management
and distribution company (the “Company”), is pleased to announce
the voting results from the Company's Annual General and Special
Meeting of shareholders held on June 28th, 2017 (the "Meeting").
The five nominees as proposed by the Company
were re-elected to the board of directors, being Mr. Gary Moss, Mr.
Anthony Miller, Mr. Howard Atkinson, Mr. Gerry Hurlow, and Mr.
Philip Benson, and the shareholders approved a resolution
appointing Collins Barrow Toronto LLP as auditors for the Company
for the ensuing year.
The shareholders also approved a new 12% fixed
stock option plan. As the Company currently has 61,208,140 common
shares issued and outstanding, subject to the approval of the TSX
Venture Exchange, the Company can grant up to 7,344,976 stock
options, and such number of common shares will be reserved for
issuance.
About YANGAROO:
YANGAROO is a company dedicated to digital media
management. YANGAROO’s patented Digital Media Distribution
System (DMDS) is a leading secure B2B digital cloud based solution
focused on the music and advertising industries. The DMDS solution
provides more accountable, effective, and far less costly digital
management of broadcast quality media via the Internet. It replaces
the physical, satellite and closed network distribution and
management of audio and video content, for music, music videos, and
advertising to television, radio, media, retailers, and other
authorized recipients. The YANGAROO Awards platform is now the
industry standard and powers most of North America’s major awards
shows.
YANGAROO has offices in Toronto, New York, and
Los Angeles. YANGAROO trades on the TSX Venture Exchange (TSX-V)
under the symbol YOO and in the U.S. under OTCBB: YOOIF.
The statements contained in this release that
are not purely historical are forward-looking statements and are
subject to risks and uncertainties that could cause such statements
to differ materially from actual future events or results. Such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
For YANGAROO Investor Inquiries:
Gary Moss
Phone: (416) 534-0607
gary.moss@yangaroo.com
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