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Ecolomondo Provides Results of Its Annual General Meeting Held on June 21, 2021
(TheNewswire) Montreal – TheNewswire - June 25, 2021 Ecolo...
About this update from Ecolomondo Corporation
[{"type":"text","content":"Ecolomondo Provides Results of Its Annual General Meeting Held on June 21, 2021\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Montreal –\n \n \n TheNewswire\n-\n \n \n June 25, 2021\n \n \n Ecolomondo Corporation (\n \n \n TSXV:ECM\n \n \n ) (the\n \n \n “\n \n \n Company\n \n \n ”\n \n \n or\n \n \n “\n \n \n Ecolomondo\n \n \n ”) wishes\nto inform its shareholders that, during the Company’s annual general\nmeeting of shareholders (the “\n \n \n AGM\n \n \n ”) that was virtually held on June 21,\n2021, the shareholders of the Company (the “\n \n \n Shareholders\n \n \n ”)\nunanimously adopted all resolutions presented to them outlined in the\ninformation circular that was sent to them and filed on SEDAR dated\nMay 20\n \n \n th\n \n \n , 2021 (the “\n \n \n Information Circular\n \n \n ”).\n \n \n \n \n The Shareholders approved all resolutions put before\nthem, namely: (i) setting the number of the board of directors to\nseven and the election of the directors of the Company for the ensuing\nyear (for further information on the elected directors, please refer\nto the Information Circular), (ii) the re-appointment of Raymond\nChabot Grant Thornton LLP as auditors for the ensuing year; and (iii)\nthe Company’s “rolling” stock option plan.\n \n \n \n \n The AGM was duly constituted and a total of 150,776,900\ncommon shares were represented at the AGM, representing 85.04% of the\nissued and outstanding common shares of the Company.\n \n \n \n \n During the AGM, the CEO of the Company, Mr. Elio\nSorella, explained that construction of the Hawkesbury plant is\nnearing completion. He mentioned: “commissioning of the Hawkesbury\nThermal Decomposition facility is expected to be completed in the\nthird quarter of 2021 and could start generating revenues as soon as\nSeptember 2021.\n \n \n \n \n He continued to explain “This plant, which is a first\nof its kind, will demonstrate the full potential of Ecolomondo’s TDP\ntechnology. It will be a key component to Ecolomondo’s marketing\nstrategy and the TDP global rollout.”\n \n \n \n \n He pointed out that “while COVID brought some delays\nto the completion date of the Hawkesbury facility, we are turning our\nfocus from construction to executio...