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Vancouver, BC - June 22, 2018 - Venzee Technologies Inc. (TSX-V:VENZ) (“Venzee” or the “Company”) reports the results of its annual general meeting (the “Meeting”) of holders of common shares of the Company (the “Shareholders”) held on June 21, 2018. The total number of shares represented at the meeting was 19,048,293 shares, representing approximately 30.57% of the 62,300,746 issued and outstanding common shares of the Company.
The following four (4) director nominees, as set out in the management information circular of the Company dated May 2, 2018 (the “Information Circular”), were elected to serve as directors of the Company, to hold office until the next annual meeting or until their successors are otherwise elected or appointed. Votes received by proxy or exercised by persons entitled to vote at the Meeting were as follows:
1. M. Brian Budd 98.15% For; 1.85% Withheld/Abstain
2. Daniel Jeffries 99.99% For; 0.01% Withheld/Abstain
3. Michael Clarke 99.99% For; 0.01% Withheld/Abstain
4. Marco Sylvestre 99.99% For; 0.01% Withheld/Abstain
The Shareholders approved Davidson & Company LLP, Chartered Accountants by a vote of 100% For; 0% Withheld/Abstain, to serve as auditor of the Company, to hold office until the next annual meeting of Shareholders of the Company or until their successors are appointed and that the remuneration of the auditor be fixed by the Board of Directors of the Company.
In addition, following the Meeting, the Board approved the grant of stock options to an officer of the Company allowing him to acquire a total of 400,000 common shares at an exercise price of $0.50 per share, which is higher than the closing price of the common shares of Venzee on the TSX Venture Exchange on June 21, 2018, the last closing price before the grant. These options have been granted pursuant to the Company’s stock option plan and expire on June 21, 2023.
Further details on these matters are set forth in the Company’s materials accessible on the Company’s SEDAR profile at www.sedar.com.
Venzee is a data transformation platform that seamlessly integrates the world’s largest retailers with their suppliers, bringing products to market faster than ever before. Our API replaces manual data entry, resulting in a digital supply chain that increases margins and accelerates revenue. Venzee is leveraging their technology to partner with established supply chain leaders to deliver a real time solution to a global audience.
Venzee operates as a Software as a Services (SaaS), allowing flexibility for enterprise customers of all sizes wishing to improve their digital supply chain solutions.
To learn more about Venzee, visit https://venzee.com/