New Frontier Ventures Inc. Approves Business at Annual and Special Shareholders Meeting Including a Debt to Equity Conversion
New Frontier Ventures Inc. Approves Business at Annual and Special Shareholders Meeting Including a Debt to Equity Conversion
All such business matters are more particularly described in the Company's Information Circular dated May 22, 2023.Toronto, Ontario--(Newsfile Corp. - June 28, 2023) - New Frontier Ventures Inc. (CSE: VFI.X) (the "Company") is pleased to announce that shareholders have approved all resolutions put forth at its Annual and Special Meeting of Shareholders held today (the "Shareholders Meeting"), including the settlement of certain indebtedness of the Company in an aggregate amount of $211,994 in exchange for 4,239,880 common shares of the Company at $0.05 per share (the "Debt to Equity Conversion").
安大略省多伦多-(Newsfile Corp.-2023年6月28日)-New Frontier Ventures Inc.(CSE：VFI.X)(The公司“)欣然宣布，股东已通过今天举行的年度及特别股东大会(”股东大会“)，包括清偿本公司总额为211,994美元的若干债务，以每股0.05美元换取4,239,880股本公司普通股(”债转股“)。
The total number of shares represented by shareholders present in person and by proxy was 27 shareholders, representing 741,170 common shares or 25.52% of the Company's issued and outstanding common shares. Shareholders voted in excess of 93% in favour of all items of business, including the election of each of the following director nominees: Lawrence Xing, Yongbiao Winfield Ding, Vishy Karamadam and Vikas Ranjan, the appointment of McGovern Hurley LLP as the Company's auditor, the Company's existing 10% rolling stock option plan, and the Debt to Equity Conversion. The Debt to Equity Conversion was approved by minority shareholders of the Company in accordance with Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions.
亲身及委派代表的股东所代表的股份总数为27名股东，相当于741,170股普通股，或占本公司已发行及已发行普通股的25.52%。股东以超过93%的投票结果支持了所有业务项目，包括当选董事的以下被提名人：邢永标、卡拉马达姆和兰扬，任命麦戈文·赫尔利为公司的审计师，公司现有的10%的滚动股票期权计划，以及债转股。债转股由本公司少数股东根据多边文书61-101--在特殊交易中保护少数担保持有人。
The Company expects to close the Debt to Equity Conversion on or about July 6, 2023. All of the securities issuable in connection with the transaction will be subject to a hold period ending four months and one day after the closing date.
该公司预计在2023年7月6日左右完成债转股。所有与交易相关的可发行证券将受到持有期的限制，持有期将在交易结束日后四个月零一天结束。
All such business matters are more particularly described in the Company's Information Circular dated May 22, 2023.
所有该等业务事项于本公司日期为2023年5月22日的资料通函中有更详细的描述。
For further information, please contact:
如需更多信息，请联系：
Vikas Ranjan, President, New Frontier Ventures Inc.
Email: vikas@gravitasfinancial.com
647-352-2666
维卡斯·兰詹，总裁，New Frontier Ventures Inc.
电子邮件：vikas@gravitasfinial.com
647-352-2666
Not for distribution to United States newswire services or for dissemination in the United States.
不得分发给美国通讯社或在美国境内传播。
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