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Concerned Shareholders of GrowMax File Court Application to Fight for Shareholder Democracy
Concerned Shareholders of GrowMax File Court Application to Fight for Shareholder Democrac...
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[{"type":"text","content":"\n\n\n\nConcerned Shareholders of GrowMax File Court Application to Fight for Shareholder Democracy\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Oct. 1, 2018\n\n\n\nThe Concerned Shareholders express disappointment with GrowMax's desperate delay tactics to undermine the rights of Shareholders - Stop Management entrenchment. Let the voices of Shareholders be heard. Vote the YELLOW proxy by October 2, 2018 at 8 a.m. (Calgary time). VANCOUVER, Oct. 1, 2018 /CNW/ - Concerned shareholders, Kulwant Malhi and BullRun Capital Inc. (the \"Concerned Shareholders\") of GrowMax Resources Corp. (the \"Corporation\" or \"GrowMax\") (GRO: TSX.V) today announced that they have filed an originating application to the Alberta Court of Queen's Bench (the \"Court\") asking the Court to declare that GrowMax's advance notice by-law (the \"By-Law\") is invalid, so that Shareholders are given the opportunity to vote for the Concerned Shareholder Nominees at the special and annual meeting (the \"Meeting\") of GrowMax shareholders (the \"Shareholders\") currently scheduled for October 4, 2018. \nConcerned Shareholders Make Court Application to Let Shareholder Democracy Prevail\nIn light of certain actions by GrowMax management (\"Management\") and the incumbent board (the \"Board\"), which includes postponing the original meeting on less than 24 hours notice and attempting to exclude the Concerned Shareholder nominees for purported \"non-compliance\" with the By-Law, the Concerned Shareholders believe it is in the best interests of all Shareholders to ask the Court to strike down the By-Law so that Management does not deprive Shareholders of their right to elect nominees of their choice to the board of directors. \nThe Concerned Shareholders have also asked the Court to declare that the chair of the Meeting be independent of both GrowMax and the Concerned Shareholders to ensure that the Meeting takes place with integrity and that Shareholders are not inconvenienced or disenfranchised at the Meeting. Management and the Board's latest actions show that the...