Calgary, Alberta--(Newsfile Corp. - February 1, 2019) - Robix Environmental Technologies, Inc. (CSE: RZX) (FSE: R0X) ("Robix" or the "Corporation") announces the results of the special meeting of the shareholders of Robix held on December 21, 2018. Each of the resolutions put forth at the meeting by the shareholder group was passed by the shareholders. In particular, the shareholders of Robix approved the following resolutions at the meeting: 1) fixing the number of directors of the Corporation at five (5); 2) re-appointing Mark Bentsen and Dale Oleksyn as directors of the Corporation; 3) removing Robin Ray and Josh MacNevin as directors of the Corporation; and 4) the election of James Tworek, Joseph Korec, and Aziz Khadem as new directors of the Corporation.
In addition, as a result of certain matters being disputed by the previous Board of Directors of Robix, and as a result of an Application brought by Robin Ray, a former director of Robix, and opposed at the time by two other directors of Robix, the Court of Queen's Bench of Alberta granted an interim order (the "Order") effective June 1, 2018 which stipulated that:
1) As of June 1, 2018, Peter Teunissen, Chief Financial Officer of Robix, was appointed as manager of Robix on an interim basis until the Application brought by Robin Ray is resolved. Mr. Ray's Application is scheduled to be heard on February 6, 2019; and
2) Mr. Teunissen shall regularly report to the Board of Directors respecting management of the business and affairs of Robix, including but not limited to reporting on any instructions given to legal counsel for Robix, including providing details of any transactions, and providing bi-annual financial reporting respecting any costs from Mr. Teunissen's management duties.
The Order also initially contained a stipulation that the Board of Directors not be changed at any shareholder meeting of the Corporation until the Application brought by Mr. Ray has been dealt with in a Special Chambers hearing (presently scheduled for February 6, 2019). However, this aspect of the Order was overturned by the Alberta Court of Appeal on October 11, 2018, with the result that the Corporation was no longer barred from considering changes to its Board of Directors at any shareholder meeting.
The Corporation will provide a further update to shareholders on its operations following the initial strategy meetings of its new Board of Directors.