Business
Hempalta Corp. Announces AGM, Proposed Corporate Name Change, Financing Update, Audit Committee Composition and Filing of Annual Financial Statements
Calgary, Alberta--(Newsfile Corp. - February 2, 2026) - Hempalta Corp. (TSXV: HEMP) (the "Company...
About this update from Next Phase Ventures Limited
[{"type":"text","content":"Hempalta Corp. Announces AGM, Proposed Corporate Name Change, Financing Update, Audit Committee Composition and Filing of Annual Financial StatementsCalgary, Alberta--(Newsfile Corp. - February 2, 2026) - Hempalta Corp. (TSXV: HEMP) (the \"Company\") announces that its Board of Directors has approved the calling of the Company's annual general meeting of shareholders (the \"AGM\"), to be held on April 9, 2026, in Calgary, Alberta. Further details regarding the AGM, including the formal notice of meeting, information circular, and proxy materials, will be provided to shareholders in due course in accordance with applicable corporate and securities laws.Proposed Corporate Name ChangeIn addition, the Board of Directors has authorized management to propose, for shareholder consideration at the AGM, a change of the Company's corporate name to \"Next Phase Ventures Ltd.\", or such other name as the directors may determine, subject to shareholder approval and acceptance by the TSX Venture Exchange. The proposed name change reflects the Company's intention to evolve the parent company into a diversified venture platform, while continuing to operate its existing subsidiaries, including Hempalta Processing Inc. and Hemp Carbon Standard Inc., as distinct operating divisions. The Company believes the proposed name better aligns with its longer-term strategic direction, which includes diversification initiatives, leveraging its public-company infrastructure, and enhancing capital markets flexibility.Private Placement UpdateThe Company also announces that it continues to pursue additional subscriptions under its previously announced non-brokered private placement and intends to continue accepting subscriptions in connection with this financing through and shortly following the upcoming AGM.Audit Committee Composition & Annual Financial StatementsThe Company also announces that its Board of Directors has constituted an Audit Committee comprised of all three directors, with Chris Ostafie, an independent director, appointed as Chair of the Audit Committee. The composition of the Audit Committee satisfies the requirements of TSX Venture Exchange Policy 3.1, including the requirement that a majority of Audit Committee members be independent of management.The Audit Committee has reviewed and recommended for approval, and the Board of Directors ...