Elixxer Ltd. V.QBA

LGC CAPITAL Announces Results of Annual Meeting, Appointment

[massimiliano]

LGC CAPITAL Announces Results of Annual Meeting, Appointment of New Chairman and Approval of Name Change to Elixxer Ltd. V.LG | 47 minutes ago MONTRAL, May 23, 2019 (GLOBE NEWSWIRE) -- LGC Capital Ltd. (TSXV: LG) (OTCQB: LGGCF) ("LGC" or the Corporation) is pleased to announce the results of its annual and special meeting of shareholders (the Meeting) held yesterday in Montreal, Quebec. At the Meeting, all five of the nominees listed in the Corporations management information circular dated April 17, 2019 were elected as directors, all with a vote of more than 92% of the shares voted in their favour. Accordingly, the directors of LGC for the ensuing year are Mohammed Ghafari, Mazen Haddad, Rafi Hazan, David Lenigas and Ferras Zalt. At the Meeting, shareholders adopted a special resolution approving a change in the name of the Corporation to Elixxer Ltd. or such other name as the Corporations directors may determine. The special resolution was supported by 98.94% of the votes cast at the Meeting. The Corporation intends to proceed with the name change as expeditiously as possible. Shareholders also adopted: a special resolution approving the creation of an unlimited number of preferred shares in the capital stock of the Corporation, with a vote of 95.11% in favour said special resolution; a resolution ratifying and confirming an amendment to the Corporations 2016 Stock Option Plan so as to increase the number of common shares that can be issued thereunder, with a vote of 95.05% in favour of said resolution; and a resolution ratifying and confirming certain grants of stock options to three executive officers of the Corporation pursuant to the 2016 Stock Option Plan, with a vote of 94.23% of disinterested shareholders in favour of said resolution. At the Meeting, shareholders also re-appointed Ernst & Young LLP, Chartered Accountants, as the Corporations auditor. Immediately following the Meeting, the Corporations board of directors convened to appoint LGCs executive officers for the ensuing year. The Corporation is pleased to announce that Mr. Ferras Zalt has been named as the new Chairman of the Corporations board of directors. Mr. Mazen Haddad was re-appointed as the Corporations Chief Executive Officer, Mr. Mark Shinners was re-appointed as the Corporations Chief Financial Officer, Mr. John McMullen was re-appointed as the Corporations President, Mr. Remy di Meglio was re-appointed as the Corporations Chief Operating Officer, and Mr. Michael Kozub was re-appointed as the Corporations Corporate Secretary. For further information please contact: President, John McMullen, [phone], [e-mail] Chief Financial Officer, Mark Shinners, [e-mail] Caution Regarding Press Releases Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. image: https://www.globenewswire.com/newsroom/ti?nf=NzYyNjA3NiMyOTUxMzg5IzIxODI5MjQ= image: https://ml.globenewswire.com/media/3b1fe9e0-6bd1-4caa-8d9e-75d31a7ac09b/small/lgc-png.png Primary Logo GlobeNewswire May 23, 2019 - 5:00 AM PDT Tags: DRUG-MANUFACTURERS-MAJOR HEALTHCARE Share0 Tweet0 Share1 Related News Stockhouse @ the Bell: US / China speedbumps shake North American markets 16 hours ago Recent U.S. Press Releases SORL Auto Parts Announces Formation of a Special Committee to Evaluate Non... 6 minutes ago AUTO-TRUCK-DEALERSHIPS | CONSUMER CYCLICAL Hamilton Thorne Reports Financial and Operational Results for the Quarter... 12 minutes ago HEALTHCARE | MEDICAL-DEVICES UPDATE - OrgHarvest Launches Reg A+ on TruCrowd's Cannabis Focused Funding... 16 minutes ago INTERNET-CONTENT-INFORMATION | TECHNOLOGY More Press Releases Read more at https://stockhouse.com/news/press-releases/2019/05/23/lgc-capital-announces-results-of-annual-meeting-appointment-of-new-chairman-and#drIXbiQxIVxpBVRD.99