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Mogo Announces Voting Results from Special Meeting of Shareholders
Mogo Announces Voting Results from Special Meeting of Shareholders Canada NewsWire...
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[{"type":"text","content":"\n\n\n\nMogo Announces Voting Results from Special Meeting of Shareholders\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Sept. 15, 2017\n\n\n\nVANCOUVER, Sept. 15, 2017 /CNW/ - Mogo Finance Technology Inc. (TSX: MOGO; OTCQX: MOGOF) (\"Mogo\" or the \"Company\"), one of Canada's leading financial technology companies, and a provider of innovative financial products to consumers, is pleased to announce the positive results from the votes at today's special meeting of Mogo's shareholders.\n\nThe special meeting was convened to allow shareholders to consider and vote upon three matters: (i) to consider an ordinary resolution (the \"Wekerle Resolution\") approving the conversion feature in respect of $6,250,000 aggregate principal amount of 10% secured convertible debentures of the Company held by Michael Wekerle and certain of his associates and affiliates; (ii) to consider a special resolution (the \"Preferred Share Resolution\") approving an amendment of the articles of the Company in order to create a class of preferred shares, issuable in one or more series; and (iii)  to consider an ordinary resolution (the \"Stock Option Plan Resolution\") approving an amendment to the Company's stock option plan to increase the maximum number of options that can be granted under the plan, so that the aggregate number of common shares reserved for issuance under the plan does not exceed a) the greater of 15% of the issued and outstanding common shares of the Company, and b) 3,200,000.  All three matters are more particularly described in the management information circular of the Company dated July 31, 2017.\n\nApproximately 40.76% of the common shares of the Company were represented at the meeting in person or by proxy.\n\nA simple majority of the votes cast at the meeting (excluding the votes attached to the common shares currently held by Mr. Wekerle and his associates and affiliates – representing approximately 19.67% of the issued and outstanding common shares as at July 31, 2017) was required in order to pass the Wekerle Resolution...