VANCOUVER, August 12, 2019 /CNW/ - Katipult Technology Corp. ("Katipult" or the "Company") (TSXV: FUND) today announced the voting results from its annual and special meeting of shareholders held August 12, 2019 in Vancouver, British Columbia.
Shareholders voted in favour of all items of business put forward at the meeting, including the appointment of RSM Alberta LLP as auditors and the election of all director nominees.
At the AGM, David Jaques and Paul Sun did not stand for re-election as Directors. Accordingly the size of the Board has been reduced to five (from seven) with the Independent Directors being Marcus Shapiro, Jeff Dawson and Brian Craig, and the Executive Directors being Katipult’s Co-Founders, Brock Murray and Pheak Meas.
Marcus Shapiro, Chair of the Board, commented: “David Jaques and Paul Sun joined the Board of Katipult in August 2017 in the lead-up to the listing of the Company on the TSXV in November 2017. They have both played an integral part in the development of the Company as it has moved to be a public company. David served for two years as Chair of the Compensation and Governance Committee, while Paul served for two years on the Audit Committee and also brought his Canadian capital markets experience and contacts to bear for the benefit of the business. On behalf of the Board and Management, I would like to thank each of them for their service to the Company and wish them both well in their future endeavors. Katipult moves into the new year with a leaner Board and the opportunity to refresh its composition as new Directors may be identified to join the Board.”
Neither the 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.
Cautionary Note Regarding Forward Looking Statements: Certain disclosures in this release, including statements regarding the future composition of the Board constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including, but not limited to, the Company's product will continue to operate as expected, the industry will continue to see value in the Company's product. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
SOURCE Katipult Technology Corp.