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INTERBIT Announces Shareholder Approval for Proposed Change of Business Transaction and Now Seeking Final Exchange Approval for Transaction and Resumption of Trading
INTERBIT Announces Shareholder Approval for Proposed Change of Business Transaction and No...
About this update from North Peak Resources Ltd
[{"type":"text","content":"\n\n\n\nINTERBIT Announces Shareholder Approval for Proposed Change of Business Transaction and Now Seeking Final Exchange Approval for Transaction and Resumption of Trading\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, AB, June 25, 2020\n\n\n\nCALGARY, AB, June 25, 2020 /CNW/ - INTERBIT LTD. (TSXV: IBIT) (the \"Company\") is pleased to announce that the shareholders of the Company (the \"Shareholders\") approved all resolutions at the annual and special meeting (the \"Meeting\") of Shareholders held on June 24, 2020, including resolutions in respect of the proposed \"Change of Business\" transaction (\"COB Transaction\") of the Company with the result that the Company will become a Tier 2 mining issuer on the TSX Venture Exchange (the \"Exchange\"), and related consolidation and name change.\nNow that requisite Shareholder approvals have been obtained, the Company is working diligently to seek final approvals from the Exchange in respect of the COB Transaction and related consolidation and name change.  The Company will make additional announcements related to such final Exchange approvals and resumption of trading as such approvals are obtained. \nA total of 16,510,245 ecommon shares, or 46.61% of the issued and outstanding common shares of the Company were represented at the Meeting. The resolutions approved at the Meeting were as follows:\n1.    The resolution to fix the number of directors of the Company for the ensuing year at six (6) members was approved with 13,257,182 common shares represented at the Meeting voting in favour of the resolution, representing 99.56% of the votes cast in respect of this resolution.\n2.    The resolution to appoint the six (6) nominees as dir...