extractX Ltd. Reports AGM Results – February 2022

extractX Ltd. Reports Annual General and Special Meeting Results

Niagara, ON – February 17, 2022

extractX Ltd. (“extractX” or the “Company”), is pleased to advise that at the Company’s annual general and special meeting (the “Meeting”) held on February 17, 2022, shareholders of the Company approved all of the items put forth at the Meeting, including:

1. Approval of the acts of the directors and officers of the Company

For

%

Against

%

Approval of past acts

18,292,186

100

–

0

2. Election of Directors

The following individuals were elected as directors for the ensuing year: Andrew Bailey, Albert Iannantuono, Peter Manuel, Mitchell Osak, and Collin Stone.
The following is a summary of the voting results for the Company’s five directors:

Nominees

For

%

Withheld

%

Andrew Bailey

15,814,452

100

–

0

Albert Iannantuono

15,814,452

100

–

0

Peter Manuel

15,814,452

100

–

0

Mitchell Osak

15,814,452

100

–

0

Collin Stone

15,814,452

100

–

0

3. Appointment of Jones & O’Connell LLP Chartered Professional Accountants “Jones O’Connell” as Auditors of the Company

Jones & O’Connell LLP Chartered Professional Accountants were appointed as auditors of the Company at a remuneration to be fixed by the directors.

For % Withheld %
Appointment of Jones O’Connell as Auditors of the Company 15,814,452 100 – 0

4. Approval of Stock Option Plan

The Company’s existing 10% rolling Stock Option Plan was ratified by shareholders.

For

%

Against

%
Approval of Stock Option Plan

15,814,452

100

–

0

No stock exchanges have reviewed or accepted responsibility for the adequacy or accuracy of the content of this press release.

About extractX Ltd.

extractX designs, builds, and operates industrial scale self-contained mobile extraction laboratories equipped with the most effective and reliable equipment, allowing for efficient 24/7 operation, and unlimited scalability to meet the demand of any size operation. Built to GPP/GMP/EU GMP standards, extractX purpose builds mobile extraction laboratories to service biomass cultivators and producers wherever and whenever the service is needed, onsite and on demand anywhere in the world.