Zenyatta Ventures Ltd. (the “Company”) (TSXV: ZEN) is pleased to advise on the results of the voting on the matters submitted to the annual and special meeting (the “Meeting”) of the shareholders (the “Shareholders”) of the Company held on September 10, 2013.
Shareholders voted in favour of all items of business at the Meeting, including: (i) the reappointment of McGovern, Hurley, Cunningham, LLP, Chartered Accountants as auditors of the Company; (ii) the election of each director nominee, being Aubrey Eveleigh, Clifford Davis, Brian Davey, Barry Allan and Peter J. Ravenscroft; (iii) the annual approval of the Company’s existing 10% “rolling” stock option plan as mandated by the policies of the TSX Venture Exchange; and (iv) the approval and ratification of amendments to the Company’s By-laws to include advance notice provisions (the “Advance Notice Provisions”) where a Shareholder wishes to make a nomination to the board of directors other than pursuant to: (A) a requisition of a meeting of shareholders made pursuant to the provisions of the Business Corporations Act (Ontario) (the “Act”); or (B) a shareholder proposal made pursuant to the provisions of the Act.
The purpose of the Advance Notice Provisions is to provide Shareholders, directors and management of the Company with a clear framework for nominating directors. Among other things, the Advance Notice Provisions fix a deadline by which Shareholders must submit nominations to the Company prior to any annual or special meeting of Shareholders, and sets forth the minimum information that a Shareholder must include in the notice to the Company for the notice to be in proper written form.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.