SkyChain Technologies Inc.: October 10 2024 Invalid Meeting Will Not Proceed

Rhea-AI Summary

SkyChain Technologies Inc. (TSXV: SCT.H) has announced that the October 10, 2024 meeting improperly called by the Small Minority Dissidents has been cancelled. The company received confirmation and acceptance of this cancellation from the dissidents. SkyChain emphasizes that the annual and general special meeting of shareholders scheduled for November 7, 2024, which was announced on September 16, 2024, is the only valid meeting and will proceed as planned.

The company expressed disappointment over the unnecessary costs and expenses incurred due to the invalid meeting attempt, noting that it only served to confuse shareholders. SkyChain reiterates that the October 10 meeting was invalid from the start and was never going to proceed.

Vancouver, British Columbia--(Newsfile Corp. - October 7, 2024) - SkyChain Technologies Inc. (TSXV: SCT.H) (the "Company") advises that the Company has received confirmation and acceptance by the Small Minority Dissidents (as defined in the Company's news release dated September 16, 2024) that the October 10, 2024 meeting improperly called by them has been cancelled. The annual and general special meeting of the shareholders, announced by the Company on September 16, 2024 and scheduled on November 7, 2024, is the only valid meeting and will proceed as planned.

The October 10, 2024 meeting unilaterally set by the Small Minority Dissidents was invalid from the start and destined not to proceed. It is unfortunate they put the Company through the unnecessary cost and expense, especially when the sole consequence is to confuse shareholders.

About Skychain Technologies Inc.

Skychain Technologies Inc. is a Vancouver based company providing crypto/data centre and NFT and valued added services. To learn more, visit skychaintechnologiesinc.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Don Gordon, President and CEO

_______________________________________________
Contact: 604-688-5464
info@skychaintechnologiesinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-looking statements and the Company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225912

FAQ

When is SkyChain Technologies Inc. (SKTCF) holding its valid annual and general special meeting of shareholders?

SkyChain Technologies Inc. (SKTCF) will hold its valid annual and general special meeting of shareholders on November 7, 2024, as announced on September 16, 2024.

What happened to the October 10, 2024 meeting called by the Small Minority Dissidents of SkyChain Technologies (SKTCF)?

The October 10, 2024 meeting called by the Small Minority Dissidents of SkyChain Technologies (SKTCF) has been cancelled and will not proceed, as it was deemed invalid from the start.

Why did SkyChain Technologies (SKTCF) criticize the attempted October 10, 2024 meeting?

SkyChain Technologies (SKTCF) criticized the attempted October 10, 2024 meeting because it caused unnecessary costs and expenses for the company and created confusion among shareholders.