TORONTO, May 4, 2022
/CNW/ - Trillium Acquisition Corp. (TSXV: TCK.P) ("Trillium"
or the "Company") is pleased to announce that at its Annual
General and Special Meeting held on May 3,
2022 (the "Meeting"), it has received the necessary
shareholder approval for all proposed amendments including
disinterested shareholder approval for bringing the Company's
practices and operations in line with the January 1, 2021 revisions to TSX Venture Exchange
(the "Exchange") Policy 2.4 "Capital Pool Companies"
("Policy 2.4"), as previously announced on March 24, 2022. In particular, shareholders
have approved:
- amendments to the Company's stock option plan to, among other
things, to become a 10% rolling option plan prior to the Company
completing its Qualifying Transaction in accordance with Exchange
policies (a "QT");
- removal of the consequences associated with the Company not
completing a QT within 24 months of the Company's date of listing
on the Exchange;
- amendments to the escrow release conditions and certain other
provisions of the Company's escrow agreement, including allowing
the Company's escrowed securities to be subject to an 18-month
escrow release schedule;
- permitting payment of a finder's fee or commission to a
Non-Arm's Length Party to the Company upon completion of a QT;
- the appointment of Richter LLP as the auditor of the Company
for the ensuing year;
- setting the number of directors of the Company at four;
and
- the election of Kelly Hanczyk,
Theodore Manziaris, Deborah Bell and
David Davies as directors of the
Company until Trillium's next annual general meeting or until such
time as their successors are duly elected or appointed in
accordance with the Business Corporations Act and the
Company's constating documents.
Please refer to the Company's March 24,
2022 news release, notice of annual general and special
meeting of shareholders dated March 30,
2022 and management information circular dated March 30, 2022 for further details with respect
to the above matters and the amendments adopted in accordance with
the revised Policy 2.4.
About Trillium
Trillium is a CPC within the meaning of the policies of the TSX
Venture Exchange that has not commenced commercial operations and
has no assets other than cash. Except as specifically contemplated
in the CPC policy, until the completion of its Qualifying
Transaction (as defined in the policies of the TSX Venture
Exchange), the Company will not carry on business, other than the
identification and evaluation of companies, business or assets with
a view to completing a proposed Qualifying Transaction.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Trillium Acquisition Corp.
