VANCOUVER, Aug. 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, Messrs. 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.
Forward-Looking Statement:
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.
