Over 10 mill shares at .19. Clearly undervalued!
ALL RESOLUTIONS APPROVED AT ALGAEBIO'S ANNUAL SHAREHOLDERS MEETING
All Resolutions Approved at AlgaeBio’s Annual Shareholders Meeting
Calgary, Alberta--(Newsfile Corp. - December 20, 2012) - Algae Biosciences Corporation (TSXV: ABV) (“AlgaeBio”) is pleased to announce that its shareholders have approved all resolutions at the Annual Shareholders’ Meeting in Phoenix, Arizona, USA on Wednesday, Dec. 19, 2012. The following resolutions were approved:
Appointment of Hein & Associates, Certified Public Accountants and Advisors, as Auditors of the Company for the year ending Sept. 30, 2013;
Re-election of four members of the Board of Directors to serve until the next Annual Shareholders Meeting;
Amendment of the Corporation’s existing stock option plan; and
Approval for the issuance of 10,255,463 Common Shares at a deemed price of $0.19 in connection with the purchase of the interests of International IP Holdings, LLC.
.05 sounds pretty cheap compared to .19! There's no way the big players will let this stay here. ABV has nowhere but up to go.