extractX and Tri-Media AGM Results
extractX Announces Results of Annual and Special Meetings of extractX Inc. and Tri-Media Integrated Marketing Technologies, Inc.
Toronto, ON – December 2, 2020
extractX Inc. (“extractX” or the “Company”) today announced the results of both Annual and Special Meetings of extractX and Tri-Media Integrated Marketing Technologies, Inc. (“Tri-Media”).
Voting Results of the Annual and Special Meeting of extractX held on Thursday, November 26, 2020
With 100% cast in favour, shareholders of extractX (“eXi Shareholders”) approved the amalgamation of extractX with 12491613 Canada Inc., a newly formed company (“Subco”) which is a wholly-owned subsidiary of Tri-Media pursuant to which extractX and Subco will amalgamate (the “Amalgamation”) and continue as one corporation (“Amalco”) and eXi Shareholders will receive Tri-Media shares in exchange for their extractX shares.
eXi Shareholders re-elected four (4) directors to the board at the meeting: Collin Stone, Albert Iannantuono, Keith Cumming, and Geoffrey Martinak.
The results of the vote on the election of the Board of Directors are as follows:
Additionally, resolutions approving the following additional matters were passed at the meeting:
- Fixing the number of directors to be elected at four (4) passed with 100% of votes cast in favour.
- Appointing Jones & O’Connell LLP as auditors of the Company passed with 100% of votes cast in favour.
Voting Results of the Annual and Special Meeting of Tri-Media held on Monday, November 30, 2020
With 100% of votes cast in favour, Tri-Media is authorized to complete a business combination with extractX and to rename the Corporation as EXTRACTX INCORPORATED or a similar name wherein shareholders of the private company extractX will receive one (1) common share of the resulting issuer for each one (1) common share presently held, and nineteen (19) common shares of the resulting issuer for each one (1) common share presently held if the share consolidation is not approved or not completed. Completion of the transaction is subject to the lifting of a cease trade order against Tri-Media.
The shareholders of Tri-Media re-elected five (5) directors to the board at the meeting: Albert Iannantuono, Rick Dillon, Andrew Bailey, Keith Cumming, and Wilmer Otto.
The results of the vote on the election of the Board of Directors are as follows:
Additionally, resolutions approving the following additional matters were passed at the meeting:
- Fixing the number of directors to be elected at five (5) passed with 100% of votes cast in favour.
- Appointing Jones & O’Connell LLP as auditors of the Company passed with 100% of votes cast in favour.
- Approval and ratification of the continuation of the existing stock option plan passed with 100% of votes cast in favour.
- The consolidation of Tri-Media’s issued and outstanding common shares on the basis of one (1) new share for nineteen (19) existing shares, or such lesser consolidation ratio as the Board of Directors, in their sole discretion may approve between the range of one (1) new share for one (1) existing share and one (1) new share for nineteen (19) existing shares passed with 100% of votes cast in favour.
- The name of Tri-Media being changed to “EXTRACTX INCORPORATED” or such other name as the board of directors of the Corporation may approve was passed with 100% of votes cast in favour.
About extractX
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, turn-key extraction laboratories to service cultivators and producers wherever and whenever the service is needed, onsite and on demand anywhere in the world.
