AVANTE LOGIXX INC. ANNOUNCES THE RESULTS OF ITS ANNUAL VOTE

TORONTO, ON, Sept. 29, 2022 (GLOBE NEWSWIRE) — Avante Logixx Inc. (“Before“or the”Company”) (TSXV: XX) is pleased to announce the results of its annual general and special meeting of shareholders held on September 29, 2022 (the “Meeting”).

The Company proposes to shareholders at the Meeting the following resolutions: (i) set the number of directors at five (5); (ii) election of directors; (iii) to appoint RSM Canada LLP as auditors of the Company until the next annual meeting of shareholders of the Company; (iv) approve the amended and restated 10% Rolling Stock Option Plan of the Company; and (v) to authorize the Company to change its name from Avante Logixx Inc. to Avante Corp. Resolutions (i) to (v) were approved by the shareholders.

A total of 10,512,786 common shares of the 26,489,438 common shares of the Company which were outstanding on the record date were voted on at the meeting, representing 39.687% of the common shares.

The results are as follows:

1. FIXING THE NUMBER OF DIRECTORS

vote for % of votes for Voting Versus % voices Versus
10,215,020 97.596 251,573 2.404

2. ELECTION OF DIRECTORS

Candidate vote for % of votes for Votes withheld % of votes retained
Daniel Argiros 10,214,093 97.588 252,500 2.412
Wade Burton 10,464,093 99.976 2,500 0.024
Robert Klopot 10,214,093 97.588 252,500 2.412
Emmanuel Mounouchos 9,796,793 93.601 669,800 6.399
Leland Verner 10,214,093 97.588 252,500 2.412

3. RENEWAL OF THE STATUTORY AUDITOR

vote for % of votes for Votes withheld % of votes retained
10,510,286 99.976 2,500 0.024

4. APPROVAL OF STOCK OPTION PLAN

vote for % of votes for Voting Versus % voices Versus
9,748,695 93.141 717 898 6.859

5. APPROVAL OF CHANGE OF CORPORATE NAME

vote for % of votes for Voting Versus % voices Versus
10,511,213 99.985 1,573 0.015

Each of the directors elected at the Meeting, namely Daniel Argiros, Wade Burton, Robert Klopot, Emmanuel Mounouchos and Leland Verner, will remain in office until the next annual meeting of shareholders of the Company or until their earlier resignation or removal.

Further information on the matters considered at the meeting can be found in the management information circular dated August 18, 2022, which is available under Avante’s issuer profile at www.sedar.com .

About Avante Logixx Inc.

Avante Logixx Inc. (TSXV: XX), provides premium security services through its wholly owned subsidiary, Avante Security Inc., serving residential customers located in the Toronto and Muskoka regions of Ontario, in Canada. With an experienced team, a focus on excellence in customer service and the development of innovative solutions, we remain committed to delivering exceptional returns to our shareholders. Please visit our website at www.avantelogixx.com.

Avante Logixx Inc.
Emmanuel Mounouchos
CEO and Chairman of the Board
416 923 6984
[email protected]

Neither the 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.

This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of the securities described herein in any jurisdiction in which such offer, solicitation or sale would be unlawful before registration or qualification under the securities laws of such jurisdiction. This press release does not constitute an offer of securities for sale in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States without registration under US federal and state securities laws or an applicable exemption from such registration requirements in the United States.

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