ICEsoft Announces Results of Special Shareholder Meeting
November 23, 2021 / by news release
CALGARY, ALBERTA, November 23, 2021, ICEsoft Technologies Canada Corp. (the “Corporation” or the “Company” or “ICEsoft”) is pleased to announce the results of the special meeting of shareholders.
Greater than 99% of shares of the corporation voted in favor to fix the number of Directors at four (4) and to reappoint Mr. Bruce Derrick to the Board.
Bruce W. Derrick holds a business degree with a minor in accounting as well as an MBA in Finance and Real Estate. Mr. Derrick has 40 years of experience in project financing for commercial real estate projects. Mr. Derrick currently contributes to the boards of several private companies and is a major shareholder of ICEsoft.
Further, 98% the shares of the corporation voted in favor of a 10:1 stock compression. The corporation is now conducting the steps required to undertake the stock compression and expects the consolidation to take place in 2022. Shareholders will receive further information with the required instructions to enact the stock compression.
The shareholders also approved the amendments to the articles of incorporation and amendments to the By-Laws of the corporation with >99% in favor. More information on the details of these changes can be found in the special meeting circular.
As a final voting matter, 98% of the shares held voted in favor of ratifying the company’s stock option plan as further detailed in the Special Meeting Information Circular.