Skychain Announces Results of AGSM

Rhea-AI Summary

SkyChain Technologies (TSXV: SCT.H) held its annual general and special meeting on November 7, 2024. The yellow proxy from a dissident shareholder was declared invalid, and shareholders approved all management proxy resolutions. The approved items included setting the board size at five directors, electing Donald Gordon, Florian Munsch, Lisa Palleson-Stallan, Richard Du, and Bernard Fung as directors, reappointing Bassi & Karimjee LLP as auditors, and approving the amended stock option plan. The company's financial statements for 2022-2023 were also received and considered.

Positive

• All management proxy resolutions were approved by shareholders
• Successfully appointed new board of directors
• Stock option plan amendment approved

Negative

• Presence of dissident shareholder opposition indicating potential internal conflicts

Vancouver, British Columbia--(Newsfile Corp. - November 7, 2024) - SkyChain Technologies Inc. (TSXV: SCT.H) (the "Company" or "Skychain") announces the results of its annual general and special meeting (the "Meeting") of the Company held on November 7, 2024. At the Meeting the yellow proxy disseminated by the dissident shareholder was declared invalid and shareholders voted in favour of all proposed resolutions in the management proxy.

The shareholders voted in favour of all items of business including: (i) fixing the number of directors at five, (ii) the election of: Donald Gordon, Florian Munsch, Lisa Palleson-Stallan, Richard (Weichong) Du, Bernard (Wing Mou) Fung as directors of the Company, (iii) the reappointment of Bassi & Karimjee LLP, Chartered Professional Accountants, as the auditor of the Company, and (iv) approving the Company's amended and restated stock option plan. The Company's consolidated financial statements for the years ended March 31, 2023 and 2022 together with the reports of the auditors thereon were duly received and considered for the Meeting.

The directors of the Company wish to thank the shareholders for their support.

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: 604-617-7221
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/229235

FAQ

What were the key outcomes of SkyChain Technologies (SKTCF) annual meeting on November 7, 2024?

Shareholders approved all management proxy resolutions, including the election of five directors, reappointment of auditors, and an amended stock option plan. A dissident shareholder's yellow proxy was declared invalid.

Who were elected as directors of SkyChain Technologies (SKTCF) in November 2024?

Donald Gordon, Florian Munsch, Lisa Palleson-Stallan, Richard Du, and Bernard Fung were elected as directors of the company.

What happened to the dissident shareholder proxy at SkyChain Technologies (SKTCF) 2024 annual meeting?

The yellow proxy disseminated by the dissident shareholder was declared invalid at the meeting.