TORONTO, Nov. 19, 2019 /CNW/ - OV2 Investment Inc.
(the "Corporation") (TSXV: OVO.P), a capital pool company under
Policy 2.4 of the TSX Venture Exchange, is pleased to announce that
all management proposed resolutions were unanimously passed at the
annual and special meeting of the Corporation's shareholders held
on November 18, 2019 (the "AGM").
The matters approved at the AGM were as follows:
- Re-election of Sheldon Pollack,
Adam Adamou, Colin Fisher and Babak
Pedram as directors of the Corporation.
- Re-appointment of UHY McGovern Hurley LLP as auditors of the
Corporation.
- Ratification of the amendment to Section 10.12 of the
Corporation's By-Law No.1, reducing the quorum requirement
applicable to shareholder meetings, was ratified.
- Ratification of the Corporation's existing stock option
plan.
- A proposed consolidation of the Corporation's common shares in
connection with the Corporation's proposed qualifying transaction
with Freightera Logisitics Inc. (the "QT").
- A proposed change of the Corporation's name to "Freightera
Logistics Inc." in connection with the QT.
- The proposed adoption of a new stock option plan in connection
with the QT.
- The proposed change of the Corporation's jurisdiction to
British Columbia in connection
with the QT.
- The proposed transfer of the listing of the Corporation's
common shares from the TSX Venture Exchange to the NEX in the event
the QT is not completed.
Further information regarding the resolutions passed can be
found in the Corporation's management information circular as filed
on the Corporation's profile on SEDAR at www.sedar.com
QT Update
The Corporation is continuing to work with Freightera Logistics
Inc. with a view to advancing the QT, including by preparing a
filing statement in respect of the QT for review by the TSX Venture
Exchange. A number of the resolutions passed at the AGM are in
relation to conditions precedent of the QT. Please refer to the
Corporation's press releases dated July 30,
2019 and September 12, 2019
for further details regarding the QT.
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.
SOURCE OV2 Investment 1 Inc.