Ceapro Announces Results of 2021 Shareholders’ Meeting
Rhea-AI Summary
Ceapro Inc. (TSX-V: CZO; OTCQX: CRPOF) conducted its Annual General and Special Meeting of Shareholders on May 26, 2021, where all proposed directors were elected for a one-year term. Key nominees included Glenn Rourke, Donald J. Oborowsky, John Zupancic, Gilles Gagnon, Dr. William Li, and Dr. Ulrich Kosciessa, with varying approval percentages from 53.35% to 95.01%. The shareholders also approved the appointment of auditors and the re-approval of the Company’s Stock Option Plan. Ceapro focuses on developing active ingredients for healthcare and cosmetics through innovative extraction technology.
Positive
- All proposed directors were elected, indicating shareholder support.
- Shareholders approved the appointment of auditors, reflecting governance stability.
- Re-approval of the Stock Option Plan may align management incentives with shareholder interests.
Negative
- None.
News Market Reaction – CRPOF
On the day this news was published, CRPOF gained 0.18%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
EDMONTON, Alberta, June 01, 2021 (GLOBE NEWSWIRE) -- Ceapro Inc. (TSX-V: CZO; OTCQX: CRPOF) (“Ceapro” or the “Company”), a growth-stage biotechnology company focused on the development and commercialization of active ingredients for healthcare and cosmetic industries, announced today that all proposed Directors were elected to serve for a one-year term at its Annual General and Special Meeting of Shareholders held on May 26, 2021 as per the following results:
| Nominee | Votes for | Votes withheld | % of votes cast | ||
| FOR | WITHELD | ||||
| Glenn Rourke | 13,258,835 | 11,591,778 | |||
| Donald J. Oborowsky | 13,411,266 | 11,439,347 | |||
| John Zupancic | 21,174,572 | 3,676,041 | |||
| Gilles Gagnon | 20,098,767 | 4,751,846 | |||
| Dr. William Li | 21,576,317 | 3,274,296 | |||
| Dr. Ulrich Kosciessa | 23,611,800 | 1,238,813 | |||
All other matters at the Shareholders' meeting, namely the appointment of auditors and the re-approval and ratification of the Company’s Stock Option Plan, as proposed in the Company’s information circular dated April 7, 2021, were also approved by shareholders.
About Ceapro Inc.
Ceapro Inc. is a Canadian biotechnology company involved in the development of proprietary extraction technology and the application of this technology to the production of extracts and “active ingredients” from oats and other renewable plant resources. Ceapro adds further value to its extracts by supporting their use in cosmeceutical, nutraceutical, and therapeutics products for humans and animals. The Company has a broad range of expertise in natural product chemistry, microbiology, biochemistry, immunology and process engineering. These skills merge in the fields of active ingredients, biopharmaceuticals and drug-delivery solutions.
For more information on Ceapro, please visit the Company’s website at www.ceapro.com.
For more information contact:
Jenene Thomas
JTC Team, LLC
Investor Relations and Corporate Communications Advisor
T (US): +1 (833) 475-8247
E: czo@jtcir.com
Issuer:
Gilles R. Gagnon, M.Sc., MBA
President & CEO
T: 780-421-4555
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
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