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TSXV: MIRA-P.V
TORONTO, Oct 28, 2020 /CNW/ - GURU Organic
Energy Corp. (formerly Mira X Acquisition Corp.) (the
"Company") is pleased to announce that at its annual general
and special meeting held on October 28,
2020 (the "Meeting"), shareholders of the Company
("Shareholders") approved all matters brought before them,
including: (i) the increase of the number of directors of the
Company from three (3) to six (6) upon the effective time (the
"Effective Time") of the completion of the proposed
qualifying transaction with 6384269 Canada Inc. ("GURU");
(ii) approval of an omnibus incentive plan and the incentive stock
option limit for omnibus plan participants working or resident in
the United States to be effective
as of the Effective Time; (iii) the name change of the Company to
"GURU Organic Energy Corp." (the "Name Change"); (iv) the
consolidation of the issued and outstanding common shares in the
capital of the Company (the "Commons Shares") on the basis
of one (1) post-consolidation Common Share for every 83.846
pre-consolidation Common Shares (the "Consolidation");
(v) the continuance (the "Continuance") of the Company from
the Province of Ontario into the
Federal jurisdiction of Canada in
accordance with the Canada Business Corporations Act; and
(vi) the ratification of the new general by-laws of the Company
following the Continuance.
All annual matters that were put before Shareholders at the
Meeting were approved, including the election of directors to serve
before and after the Effective Time, and appointment of the
Company's auditor.
Additional information concerning the Meeting is available in
the Company's management information circular dated September 28, 2020.
Consolidation of Common Shares and Name Change
Following the conclusion of the Meeting, the Company filed
articles of amendment with the Ontario Ministry of Government
Services to effect the Consolidation and the Name Change.
The completion of the qualifying transaction with GURU is
expected to occur on October 29,
2020.
Forward-Looking Statements
This release includes forward-looking information within the
meaning of Canadian securities laws regarding the Company and its
businesses, which may include, but are not limited to, statements
with respect to completion of the proposed business combination
with GURU, the implementation of an omnibus incentive plan, the
Continuance of the Company and other factors. Often but not
always, forward-looking information can be identified by the use of
words such as "expect", "intends", "anticipated", "believes" or
variations (including negative variations) of such words and
phrases, or state that certain actions, events or results "may",
"could", "would" or "will" be taken, occur or be achieved. Such
statements are based on the current expectations and views of
future events of the management of each entity, and are based on
assumptions and subject to risks and uncertainties. Although the
management of each entity believes that the assumptions underlying
these statements are reasonable, they may prove to be incorrect.
The forward-looking events and circumstances discussed in this
release may not occur and could differ materially as a result of
known and unknown risk factors and uncertainties affecting the
companies. Although Mira X has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results to differ from those anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on any
forward-looking statements or information. No forward-looking
statement can be guaranteed. Except as required by applicable
securities laws, forward-looking statements speak only as of the
date on which they are made and Mira X does not undertake any
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise.
Cautionary Statement
Completion of the proposed transaction with GURU is subject
to a number of conditions. There can be no assurance that the
proposed transaction will be completed as proposed or at
all.
Investors are cautioned that, except as disclosed in the
filing statement prepared in connection with the proposed
transaction, any information released or received with respect to
the proposed transaction may not be accurate or complete and should
not be relied upon. Trading in the securities of the Company should
be considered highly speculative.
Neither the Toronto Stock Exchange nor the TSX Venture
Exchange. has in any way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents
of this news release. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE GURU Organic Energy Corp. (formerly Mira X Acquisition
Corp.)
