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Ecolomondo provides results of its annual general meeting held on May 29, 2019
Ecolomondo provides results of its annual general meeting held on May 29, 2019 Can...
About this update from Ecolomondo Corporation
[{"type":"text","content":"\n\n\n\nEcolomondo provides results of its annual general meeting held on May 29, 2019\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, June 3, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n MONTREAL, June 3, 2019 /CNW Telbec/ - Ecolomondo Corporation (TSXV: ECM) (the \"Company\" or \"Ecolomondo\"), wishes to inform its shareholders that, during the Company's annual general meeting of shareholders (the \"AGM\") that was held on May 29, 2019, the shareholders adopted all resolutions presented to them outlined in the information circular that was sent to them and filed on SEDAR on May 1st, 2019 (the \"Information Circular\"). The shareholders approved namely: (i) the reduction in the number of the board of directors from seven to six and the election of the directors of the Company (for further information on the elected directors, please refer to the Information Circular), (ii) the appointment of auditors and (iii) the stock option plan.\n\n \n \n\n \nThe AGM was duly constituted and the quorum was confirmed as shareholders and proxy holders representing 78.40% of the issued and outstanding common shares of the Company were represented at the AGM. \nDuring the AGM, the CEO of the Company, Mr. Elio Sorella, explained the technological advancements achieved during the fiscal year 2018 and how these advancements could place Ecolomondo as a leader in the waste-to-resources industry. He also explained that the Company is well on its way to build the Hawkesbury facility and that he expects the Company should break ground by late June 2019, with completion and commissioning to take place on schedule, by the end of the first quarter 2020.\nAbout Ecolomondo Corporation\nThe Company is a clean tech company that is marketing its proprietary Thermal Decomposition platform (\"TDP\"), that recovers resources from end-of-life tires, namely recovered carbon black, oil, gas and steel.\nThe Company expects that its main revenue drivers are the sale of TDP turnkey facil...