EDMONTON, Alberta, May 09, 2018 (GLOBE NEWSWIRE) -- Liquor Stores N.A. Ltd. ("Liquor Stores" or
the "Company") held its annual and special meeting of shareholders on May 9, 2018 (the
"Meeting").
The Company is pleased to announce that, at the Meeting, shareholders approved an amendment to the Company's
articles to change the name of Liquor Stores to Alcanna Inc., which is effective immediately. In conjunction with the name change,
the Company's stock symbol will be changed to "CLIQ" on the Toronto Stock Exchange. The Company's common shares and convertible
subordinated debentures will commence trading on the Toronto Stock Exchange under the new name and new stock symbol, CLIQ, within
2-3 business days.
The new name reflects the expansion of the Company's business into two divisions: alcohol and cannabis. By
combining the words "Alcohol" and "Cannabis", the proposed name better reflects the Company's new strategic direction. The change
in name also signals a transformational change in the Company’s strategy and objective to strive for growth and innovation.
The complete voting results from the Meeting are as follows:
- Fixing the Number of Directors to be Elected at Nine
The number of directors to be elected at the Meeting was fixed at nine (9).
|
Votes For |
% |
Votes Against |
% |
|
17,903,506 |
99.5 |
90,639 |
0.5 |
| |
|
|
|
- Election of Directors
Each of the nine (9) nominees listed in the Management Information Circular of the Company was elected as a
Director of the Company.
|
Director Nominee |
Votes For |
% |
Votes Withheld |
% |
| John
Barnett |
17,744,461 |
98.61 |
250,183 |
1.39 |
| Neil
Belot |
17,716,024 |
98.45 |
278,620 |
1.55 |
| Terry
Booth |
17,720,757 |
98.48 |
273,857 |
1.52 |
| Derek
Burney |
17,700,137 |
98.36 |
294,507 |
1.64 |
| James
F.C. Burns |
17,744,099 |
98.62 |
247,545 |
1.38 |
| Bernie
Kollman |
17,746,720 |
98.62 |
247,924 |
1.38 |
| Peter
Lynch |
17,769,046 |
98.75 |
225,598 |
1.25 |
| Karen
Prentice |
17,720,789 |
98.48 |
273,855 |
1.52 |
| Denis
Ryan |
17,712,846 |
98.43 |
281,798 |
1.57 |
| |
|
|
|
|
- Appointment of Auditors
PricewaterhouseCoopers LLP were re-appointed as auditors of the Company until the close of the next annual
meeting of shareholders at a remuneration to be fixed by the Board of Directors.
|
Votes For |
% |
Votes Withheld |
% |
|
18,152,329 |
99.53 |
85,366 |
0.47 |
| |
|
|
|
- Name Change to Alcanna Inc.
The special resolution approving an amendment to the Company's Articles to change the Company's name to "Alcanna
Inc." was passed by the shareholders.
|
Votes For |
% |
Votes Against |
% |
|
17,977,212 |
98.57 |
260,481 |
1.43 |
| |
|
|
|
- Increase the Maximum Size of the Board of Directors
The special resolution approving an amendment to the Company's Articles to increase the maximum size of the
Board of Directors from eleven (11) to twelve (12) Directors was passed by the shareholders.
|
Votes For |
% |
Votes Against |
% |
|
15,017,580 |
82.34 |
3,220,113 |
17.66 |
| |
|
|
|
- Approve the Additional Aurora Investment
The ordinary resolution to approve: (i) the conversion of 2,300,000 Subscription Receipts into common shares;
(ii) the exercise of 10,130,000 Sunshine Warrants into common shares; and (iii) the exercise of up to 1,750,000 Pro Rata Warrants
into common shares was passed by the shareholders.
|
Votes For |
% |
Votes Against |
% |
|
10,723,247 |
96.65 |
371,397 |
3.35 |
| |
|
|
|
Full voting results on all matters voted on at the Meeting will be filed under the Company's profile at
www.sedar.com.
About Alcanna Inc.
The Company operates 229 retail liquor stores. Following receipt of final approval from the TSX, the Company’s
common shares and convertible subordinated debentures will trade on the Toronto Stock Exchange under the symbols "CLIQ" and
"CLIQ.DB.B", respectively.
Additional information about the Company is available at www.sedar.com and the Company’s website at
www.alcanna.com.
For further information
David Gordey
Chief Financial Officer
Alcanna Inc.
(780) 497-3262
www.alcanna.com
Forward-Looking Statements
This press release contains information that constitutes "forward-looking information" or "forward-looking
statements" (collectively, "forward-looking information") within the meaning of applicable securities legislation.
The use of any of the words "believe", "continue", "create", "deliver", "expect", "provide", "will" and similar expressions are
intended to identify forward-looking information. In particular, this press release includes, without limitation, forward-looking
information relating to the date the Company's common shares and convertible subordinated debentures will begin trading on the
Toronto Stock Exchange under the new name and stock symbols. The Company believes the expectations reflected in such
forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such
forward-looking information should not be unduly relied upon.
Forward-looking information is based on various assumptions. Those assumptions are based on information
currently available to the Company, and, in particular, certain forward-looking information in this press release is based on the
assumption that the conditions of the Toronto Stock Exchange can be satisfied such that trading under the new name and stock
symbols commences within the time period indicated above.
Forward-looking information is not a guarantee of future performance and involves a number of risks and
uncertainties, some of which are described herein. Any forward-looking information is made as of the date hereof and, except as
required by law, the Company assumes no obligation to publicly update or revise such information to reflect new information,
subsequent or otherwise.
