TORONTO, Sept. 13, 2018 (GLOBE NEWSWIRE) -- Apogee Opportunities Inc. (NEO: APE) (“Apogee” or the “Company”) announced today the results from its Annual and Special Meeting of Shareholders which took place on September 12, 2018 (the “Meeting”). The Company is pleased to announce that all nine resolutions presented were passed by the requisite majority of shareholders at the Meeting. The full text of each resolution is contained in the Company’s management information circular, which is available on SEDAR under the Company’s corporate profile at www.sedar.com.
The Meeting was held to approve, among other things, the proposed business combination (the “Business Combination”) between the Company and ANM, Inc. (“Halo”), pursuant to which, upon completion, the combined entity (the “Resulting Issuer”) would carry on the business of Halo, as further described in the Company’s press release dated May 9, 2018. In connection with the Business Combination, the Company received conditional approval to list the common shares of the Resulting Issuer on the Aequitas NEO Exchange Inc. (the “NEO Exchange”), subject to the successful completion of certain conditions.
Among the nine resolutions presented and approved at the Meeting, the shareholders approved: (i) the election of the three current directors of Apogee; (ii) the election of six directors of the Resulting Issuer, which is to be conditional on and effective following the successful completion of the Business Combination; and (iii) the proposed Business Combination. The resolution approving the Business Combination was passed by 99.65 % of the 1,370,794 million votes cast on the resolution at the Meeting. Closing of the Business Combination is expected to occur on or prior to September 28, 2018.
The following is a summary of the voting results for the election of the three directors of the Company and the voting results for the conditional election of the six directors of the Resulting Issuer:
|Matter Voted Upon||Voting Results|
|Election of Apogee Directors||The three nominees proposed as directors of the Company were elected to hold office until the next annual meeting of shareholders or until their successor is duly elected or appointed. The shares were voted as follows:|
|Votes For||% For||Votes|
|G. Scott Paterson||1,366,325||99.67%||4,469||0.33%|
|Conditional Election of Resulting Issuer Directors||The six nominees proposed as directors of the Resulting Issuer were elected to hold office effective following the successful completion of the Business Combination until the next annual meeting of shareholders of the Resulting Issuer or until their successor is duly elected or appointed. The shares were voted as follows:|
|Votes For||% For||Votes|
|G. Scott Paterson||1,364,779||99.58%||5,817||0.42%|
|Philip van den Berg||1,365,779||99.63%||5,014||0.37%|
For more information, please contact:
G. Scott Paterson
Chairman of board of directors of Apogee
Tel: +1 (416) 917-1964
Apogee Opportunities Inc. was incorporated under the laws of the Province of British Columbia on May 25, 1987 to engage in mineral exploration and development. The Company was continued under the laws of the Province of Ontario on January 21, 2005. Apogee is listed on the NEO Exchange under the symbol “APE”. The Company’s head office is located at 65 Queen Street West, Suite 805, Toronto, Ontario M5H 2M5.