AVANTE LOGIXX INC. ANNOUNCES VOTING RESULTS FROM ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS
30 September 2022 - 10:43AM
GlobeNewswire Inc.
Avante Logixx Inc. (“
Avante” or the
“
Company”) (TSXV: XX) is pleased to announce the
results of its annual general and special meeting of shareholders
held on September 29, 2022 (the “
Meeting”).
The Company put forward the following
resolutions to be voted on by shareholders at the Meeting: (i) to
set the number of directors at five (5); (ii) the election of
directors; (iii) to appoint RSM Canada LLP as auditors of the
Company until the next annual meeting of shareholders of the
Company; (iv) to approve the Company’s amended and restated 10%
rolling stock option plan; and (v) to authorize the Corporation to
change its name from Avante Logixx Inc. to Avante Corp. Resolutions
(i) to (v) were approved by shareholders.
A total of 10,512,786 Common Shares of the
26,489,438 Common Shares of the Company that were outstanding as at
the record date were voted at the Meeting, representing 39.687% of
the Common Shares.
The results are as follows:
1. SETTING
OF NUMBER OF DIRECTORS
Votes For |
% of Votes For |
Votes Against |
% of Votes Against |
10,215,020 |
97.596 |
251,573 |
2.404 |
2. ELECTION
OF DIRECTORS
Nominee |
Votes For |
% of Votes For |
Votes Withheld |
% of Votes Withheld |
Daniel Argiros |
10,214,093 |
97.588 |
252,500 |
2.412 |
Wade Burton |
10,464,093 |
99.976 |
2,500 |
0.024 |
Robert Klopot |
10,214,093 |
97.588 |
252,500 |
2.412 |
Emmanuel Mounouchos |
9,796,793 |
93.601 |
669,800 |
6.399 |
Leland Verner |
10,214,093 |
97.588 |
252,500 |
2.412 |
3. REAPPOINTMENT
OF AUDITOR
Votes For |
% of Votes For |
Votes Withheld |
% of Votes Withheld |
10,510,286 |
99.976 |
2,500 |
0.024 |
4. APPROVAL
OF STOCK OPTION PLAN
Votes For |
% of Votes For |
Votes Against |
% of Votes Against |
9,748,695 |
93.141 |
717,898 |
6.859 |
5. APPROVAL
OF CORPORATE NAME CHANGE
Votes For |
% of Votes For |
Votes Against |
% of Votes Against |
10,511,213 |
99.985 |
1,573 |
0.015 |
Each of the directors elected at the Meeting, being Daniel
Argiros, Wade Burton, Robert Klopot, Emmanuel Mounouchos and Leland
Verner, will hold office until the next annual meeting of the
shareholders 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 18, 2022, which is available under Avante’s issuer
profile at www.sedar.com.
About Avante Logixx Inc.
Avante Logixx Inc. (TSXV: XX), provides high-end
security services through its wholly owned subsidiary, Avante
Security Inc., serving residential customers located in Toronto and
Muskoka regions of Ontario, Canada. With an experienced team,
a focus on customer service excellence and development of
innovative solutions, we remain committed to providing our
shareholders with exceptional returns. Please visit our
website at www.avantelogixx.com.
Avante Logixx Inc.Emmanuel
Mounouchos CEO and Board Chair416 923 6984
manny@avantesecurity.com
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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.
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