OTCPK:RMMRF - Post by User
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Stockh2021on Jul 26, 2021 11:09am
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Post# 33604262
announcement
announcement 2021-07-19 06:39 ET - News
Mr. Rob Hutchison reports
RMR SCIENCE TECHNOLOGIES INC. ANNOUNCES SHAREHOLDER APPROVAL OF THE PROPOSED CHANGES IN ACCORDANCE WITH NEW CPC POLICY.
RMR Science Technologies Inc.'s shareholders have approved the adoption of the new TSX Venture Exchange Policy 2.4 -- Capital Pool Companies, which became effective on Jan. 1, 2021. The company intends to implement certain amendments to further align its policies with the new CPC policy.
Pursuant to the new CPC policy, in order for the company to meet with the new CPC policy, it is required to obtain the approval of disinterested shareholders of the company. As a result, the company is issuing an information circular to be followed by a vote by proxy and a Zoom meeting, which was held on June 1, 2021. The special meeting dealt with two matters, which both were passed by the disinterested shareholders: to remove the consequences of failing to complete a qualifying transaction (QT) within 24 months of the company's date of listing on the exchange; and to amend certain provisions of the company's escrow agreement dated Aug. 2, 2018, among the company, Computershare Investor Services Inc. and certain security holders of the company. At the meeting held on June 1, 2021, chaired by Rob Hutchison, the votes were tallied and provided from Computershare to Mr. Hutchison showing that all shares voted by disinterested shareholders were in favour of both items provided for in the information circular, there were no votes cast against or abstained from disinterested shareholders who voted. The interested shareholders who did not vote or whose shares were excluded from voting were Judi Dalling, chief financial officer; Mr. Hutchison; Ronald Erickson, director; and Robin Hutchison, president, for a total of 2.6 million shares.
About RMR Science Technologies Inc.
RMR is designated as a capital pool company under exchange Policy 2.4. RMR has not commenced commercial operations and has no assets other than cash. RMR's objective is to identify and evaluate businesses or assets with a view to completing a qualifying transaction. Any proposed qualifying transaction must be approved by the exchange and, in the case of a non-arm's-length qualifying transaction, must also receive majority approval of the minority shareholders.
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