Cedarmont Capital Corp. Announces Voting Results of its Special Meeting of Shareholders
December 01 2021 - 12:13PM
Cedarmont Capital Corp. (the “
Company” or
“
Cedarmont”) (TSXV:CCCA.P), a capital pool company
pursuant to policies of the TSX Venture Exchange (the
“
Exchange”), is pleased to announce the voting
results of its special meeting of shareholders held on November 29,
2021 (the “
Meeting”), as set out in the Company’s
management information circular dated October 25, 2021 delivered in
connection with the Meeting (the “
Circular”).
As previously announced, the Company entered
into a definitive business combination agreement (the
“Definitive Agreement”) with Shiny Bud Inc.
(“Shiny Bud”) and Mihi Inc.
(“Mihi”) dated September 22, 2021, to complete a
proposed business combination (the
“Transaction”), upon completion of which the
resulting issuer (the “Resulting Issuer”) will
carry on the business of Shiny Bud and Mihi. Pursuant to the
Definitive Agreement, the Company agreed to call the Meeting to
seek shareholder approval of the matters set out in the Circular,
which was necessary in order for the Company to be able to satisfy
certain conditions to the completion of the Transaction.
Shareholders approved all of the matters set out
in the Circular, including (i) the election of the Resulting Issuer
board of directors to hold office following completion of the
Transaction, (ii) the appointment of BDO Canada LLP as auditor of
the Company following completion of the Transaction, and (iii) the
approval of a new long-term omnibus incentive plan effective upon
completion of the Transaction. The total number of shares
represented in person or by proxy at the Meeting was 3,395,000,
representing 26.1% of the total issued and outstanding shares in
the capital of the Company, all of whom voted in favour of the
matters set out in the Circular.
For further information:
Cedarmont Capital Corp. Jaimie GrossmanChief
Executive Officer416-369-5265jaimie.grossman@gmail.com
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy
or accuracy of this release.
Cautionary Statement Regarding Forward
Looking Information
This news release contains “forward-looking
information” within the meaning of Canadian securities legislation.
Forward-looking information generally refers to information about
an issuer’s business, capital, or operations that is prospective in
nature, and includes future-oriented financial information about
the issuer’s prospective financial performance or financial
position. The forward-looking information in this news release
includes disclosure about the anticipated closing of the
Transaction. Cedarmont made certain material assumptions, including
but not limited to: prevailing market conditions; general business,
economic, competitive, political and social uncertainties; and
delay or failure to receive board, shareholder or regulatory
approvals to develop the forward-looking information in this news
release. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Actual results may vary from the forward-looking
information in this news release due to certain material risk
factors. These risk factors include, but are not limited to:
adverse market conditions; the inability of the Company to complete
the Transaction; as well as those risk factors discussed or
referred to in disclosure documents filed by Cedarmont with the
securities regulatory authorities in certain provinces of Canada
and available at www.sedar.com. The foregoing list of material risk
factors and assumptions is not exhaustive. Should any factor affect
Cedarmont in an unexpected manner, or should assumptions underlying
the forward looking information prove incorrect, the actual results
or events may differ materially from the results or events
predicted. Any such forward-looking information is expressly
qualified in its entirety by this cautionary statement. Moreover,
Cedarmont does not assume responsibility for the accuracy or
completeness of such forward-looking information. The
forward-looking information included in this news release is made
as of the date of this news release and Cedarmont undertakes no
obligation to publicly update or revise any forward-looking
information, other than as required by applicable law.
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