TSX:TLO - Post Discussion
Post by
CravingProfits on Jun 23, 2021 9:39pm
R/S uncertainty.....
Furthermore at the AGM, shareholders of the Company:
(i) voted in favour of authorizing the Company to effect a combination of the common shares of the Company (the "Consolidation") on the basis of one (1) post-Consolidation common share of the Company for up to ten (10) pre-Consolidation common shares, as determined by the directors of the Company, in their sole discretion; and
(ii) voted in favour of appointing MNP LLP as auditors of the Company for the ensuing year and authorizing the directors to fix their remuneration.
For greater certainty and notwithstanding the foregoing, the directors of the Company have not yet determined to effect the Consolidation and may elect not to proceed with the Consolidation, in their sole discretion (subject to fiduciary and statutory duties). The directors will continue to assess market conditions and the interests of the Company and shareholders before proceeding to effect the Consolidation, if at all. To be effective, the Consolidation must also be approved by the Toronto Stock Exchange.
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