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Criterium Energy Ltd. Announces Annual General and Special Meeting and Appointment of Red Cloud Securities
All amounts in this press release are Canadian dollars unless otherwise specified. Calgary, Al...
About this update from Criterium Energy Ltd
[{"type":"text","content":"Criterium Energy Ltd. Announces Annual General and Special Meeting and Appointment of Red Cloud SecuritiesAll amounts in this press release are Canadian dollars unless otherwise specified.Calgary, Alberta--(Newsfile Corp. - March 27, 2023) - Criterium Energy Ltd. (TSXV: CEQ) (\"Criterium\" or the \"Corporation\"), an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce that NOTICE IS HEREBY GIVEN that the annual general and special meeting (the \"Meeting\") of the holders (\"Shareholders\") of common shares (\"Common Shares\") of Criterium will be held at 2:00 PM MST on May 24, 2023 at 3rd Floor Conference Centre, Manulife Place, 707-5th Street S.W., Calgary, Alberta, T2P 1V8. The Meeting will be available via webcast, with link to be provided in future. Criterium also wishes to provide an operations update for existing shareholders below, HighlightsProxy Shareholder Materials: Following the release of Criterium's fiscal year 2022 results, Criterium will issue its management information circular (the \"Information Circular\").Share Consolidation: As per the requirement from the TSX Venture Exchange (\"TSXV\"), Criterium was required to undertake a share consolidation prior to March 26, 2023 to ensure that the warrants issued under its September 26, 2022 private placement would meet the minimum TSXV exercise price threshold of $0.05 per warrant. Criterium has received approval from the TSXV to extend this date until May 25, 2023 to allow for the shareholder vote to take place as part of the Meeting.Red Cloud Securities: Has been engaged to act as a liquidity provider for the Common Shares on the TSXV.Notice of Warrants Expiring: Criterium would like to remind legacy warrant holders (those warrant issued prior to the recapitalization transaction of September 26, 2022) that these warrants will expire on June 15, 2023. Shareholders are referred to the forthcoming Information Circular for more detailed information with respect to the matters to be considered at the Meeting.As part of its day to day operations, Criterium announces that, subject to regulatory approval, it has retained Red Cloud Securities Inc. (\"Red Cloud\") to provide liquidity services to the Corporation in compliance with the policies and guidelines of the TSXV and other applicable legislation. Red Cloud i...