SAN FRANCISCO and TEL AVIV, Israel, July 27, 2018 (GLOBE NEWSWIRE) -- Kalytera Therapeutics, Inc. (the “Company”, or “Kalytera”) (TSXV:KALY) (OTCQB:KALTF) announced today that the annual and special meeting of Kalytera shareholders, scheduled for, and convened on, July 27, 2018 was adjourned due to the lack of requisite quorum.
In accordance with the articles of the Company, the annual and special meeting has been adjourned to Friday, August 3, 2018 at 10:00 a.m. at Torys LLP, 79 Wellington St. West, 33rd Floor, TD South Tower, Toronto, Ontario (the “Adjourned Meeting”).
The Company’s articles provide that the quorum for the transaction of business at a meeting of shareholders is two shareholders represented in person or by proxy holding in aggregate at least 10% of the issued shares.
At the Adjourned Meeting to be held on August 3, 2018, the Company’s articles provide that if the 10% quorum is not present then the shareholders represented in person or by proxy at the meeting shall nonetheless constitute a quorum.