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
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").
安大略省多倫多-(Newsfile Corp.-2023年6月28日)-New Frontier Ventures Inc.(CSE：VFI.X)(The公司“)欣然宣佈，股東已通過今天舉行的年度及特別股東大會(”股東大會“)，包括清償本公司總額為211,994美元的若干債務，以每股0.05美元換取4,239,880股本公司普通股(”債轉股“)。
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.
親身及委派代表的股東所代表的股份總數為27名股東，相當於741,170股普通股，或佔本公司已發行及已發行普通股的25.52%。股東以超過93%的投票結果支持了所有業務專案，包括當選董事的以下被提名人：邢永標、卡藍馬達姆和蘭揚，任命麥戈文·赫爾利為公司的審計師，公司現有的10%的滾動股票期權計劃，以及債轉股。債轉股由本公司少數股東根據多邊文書61-101--在特殊交易中保護少數擔保持有人。
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.
該公司預計在2023年7月6日左右完成債轉股。所有與交易相關的可發行證券將受到持有期的限制，持有期將在交易結束日後四個月零一天結束。
All such business matters are more particularly described in the Company's Information Circular dated May 22, 2023.
所有該等業務事項於本公司日期為2023年5月22日的資料通函中有更詳細的描述。
For further information, please contact:
如需更多資訊，請聯繫：
Vikas Ranjan, President, New Frontier Ventures Inc.
Email: vikas@gravitasfinancial.com
647-352-2666
維卡斯·蘭詹，總裁，New Frontier Ventures Inc.
電子郵件：vikas@gravitasfinial.com
647-352-2666
Not for distribution to United States newswire services or for dissemination in the United States.
不得分發給美國通訊社或在美國境內傳播。
To view the source version of this press release, please visit
要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。