TSXV:ISD.H - Post by User
Post by
gltaisignlongson Feb 10, 2022 10:12pm
259 Views
Post# 34418966
Control person update
Control person updateAs announced in our press release of February 3, 2022, we have solicited by email, shareholder approval to accept Joe Kozar as a control person in iSIGN. Control person being an individual with 20% ownership of iSIGN's issued and outstanding shares. For control person status to be granted, consent from shareholders holding 50% of iSIGN's outstanding shares, excluding those shares held by the parties to the forbearance agreement, is required. We started the email process on Tuesday, February 8 after receiving approval from the TSX-V on the content of the letter and have received overwhelming support from shareholders. We anticipate filing the consents with the TSX-V by end of day today and closing this endeavour with consent from holders of approximately 103.3 million shares, roughly 150% of the targeted number.