MGX Minerals Announces Annual General and Special Meeting Results
January 16 2019 - 9:21AM
InvestorsHub NewsWire
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MGX Minerals Announces Annual General and Special
Meeting Results
VANCOUVER, BC -- January 16, 2019
-- InvestorsHub NewsWire -- MGX Minerals Inc. (“MGX”
or the “Company”) (CSE:
XMG / FKT:
1MG / OTCQB:
MGXMF) is pleased to
report that shareholders voted in favor of all resolutions brought
forth at the Company’s annual general and special meeting of
shareholders (the “Meeting”) held on Friday, January 11, 2019 in
Vancouver, British Columbia.
At the Meeting 17.7% of shares on record were
voted. The ordinary resolutions proposed and approved at the
Meeting included:
-
The number of Directors was set to
five;
-
The five members re-elected to the Board of
Directors included: Jared Lazerson, Lyndon Patrick, Michael
Reimann, Andris Kikauka and Christopher
Wolfenberg;
-
Adam Sung Kim Ltd. was re-appointed as auditor of
the Company; and
- The existing 10%
rolling stock option plan was
approved.
MGX shareholders also approved the special
resolution to authorize a plan of arrangement involving MGX, its
shareholders and its wholly-owned subsidiary, MGX Renewables Inc.
(the “Reorganization Resolution”). Under the plan of arrangement,
MGX shareholders of record on June 29, 2018 would receive one MGX
Renewables Inc. share for each 12.4163 MGX shares then held, and
MGX shareholders of record on October 22, 2018 would receive on MGX
Renewables Inc. share for each 59.8186 MGX shares then held as a
return of capital. The Reorganization Resolution was approved by
approximately 98.06% of the votes cast by MGX shareholders
represented in person or by proxy at the
Meeting.
As previously announced, with respect to MGX
Renewables Inc., the Company will complete a spin-out of 40% of the
common shares of MGX Renewables Inc. to shareholders pursuant to a
plan of arrangement as part of a going public transaction planned
for February 2019.
About MGX
Minerals
MGX Minerals is a diversified Canadian resource and
technology company with interests in global advanced material,
energy and water assets.
Contact
Information
Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com
Neither the Canadian Securities Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the Canadian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Forward-Looking
Statements
This press release contains forward-looking
information or forward-looking statements (collectively
"forward-looking information") within the meaning of applicable
securities laws. Forward-looking information is typically
identified by words such as: "believe", "expect", "anticipate",
"intend", "estimate", "potentially" and similar expressions, or are
those, which, by their nature, refer to future events. The Company
cautions investors that any forward-looking information provided by
the Company is not a guarantee of future results or performance,
and that actual results may differ materially from those in
forward-looking information as a result of various factors. The
reader is referred to the Company's public filings for a more
complete discussion of such risk factors and their potential
effects which may be accessed through the Company's profile on
SEDAR at www.sedar.com.
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