Base Carbon Announces Shareholder Meeting Results
Rhea-AI Summary
Base Carbon (OTCQX: BCBNF) held its Shareholder Meeting with 52.60% representation of outstanding shares. All six director nominees were successfully elected to the board with strong approval rates ranging from 94.84% to 99.59%. Additionally, shareholders approved the amended and restated Equity Incentive Plan with 93.59% support.
The meeting saw high approval rates for all directors, with Michael Costa and Adrian Morante receiving the highest support at 99.59% each, while Margot Naudie received 94.84% of votes in favor.
Positive
- High shareholder participation with 52.60% of shares represented
- Strong board approval with all directors receiving over 94% support
- Equity Incentive Plan approved with 93.59% of votes in favor
Negative
- None.
News Market Reaction
On the day this news was published, BCBNF gained 8.12%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, June 25, 2025 (GLOBE NEWSWIRE) -- Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF) with operations through its wholly-owned subsidiary, Base Carbon Capital Partners Corp. (together, with affiliates, “Base Carbon”, or the “Company”), is pleased to announce the results of its Shareholder Meeting (the “Meeting”).
A total of 57,044,319 common shares, representing
| Director Nominee | # of Votes in Favour | % of Votes in Favour | # of Votes Withheld | % of Votes Withheld |
| Catherine Flax | 55,679,343 | 1,274,976 | ||
| Margot Naudie | 53,811,527 | 2,926,814 | ||
| Bruce Tozer | 55,639,843 | 1,404,476 | ||
| Michael Costa | 56,809,366 | 234,953 | ||
| Andrew Fedak | 56,788,673 | 255,646 | ||
| Adrian Morante | 56,809,366 | 234,953 | ||
Shareholders also voted in favor of an ordinary resolution to approve, ratify and confirm the amended and restated equity incentive plan (the “Equity Incentive Plan”) and the unallocated shares underlying awards under the Equity Incentive Plan, the full text of which is set out in the information circular prepared for the Meeting.
| # of Votes in Favour | % of Votes in Favour | # of Votes Against | % of Votes Against | ||
| 53,389,021 | 3,655,298 | ||||
For more information refer to the management information circular dated May 15, 2025, available on the Company’s profile at www.sedarplus.ca.
About Base Carbon
Base Carbon is a financier of projects involved primarily in the global voluntary carbon markets. We endeavor to be the preferred carbon project partner in providing capital and management resources to carbon removal and abatement projects globally and, where appropriate, will utilize technologies within the evolving environmental industries to enhance efficiencies, commercial credibility, and trading transparency. For more information, please visit www.basecarbon.com.
Media and Investor Inquiries
Base Carbon Inc.
Investor Relations
Tel: +1 647 952 3979
E-mail: investorrelations@basecarbon.com
Media Inquiries
E-mail: media@basecarbon.com
FAQ
What were the voting results for Base Carbon's (BCBNF) 2025 shareholder meeting?
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