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PopReach Announces Proposed Independent Directors

PopReach Announces Proposed Independent Directors Canada NewsWire ...

articleIonik CorporationOctober 29, 20215/company/popreach-corporation/news/popreach-announces-proposed-independent-directors
PopReach Announces Proposed Independent Directors

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[{"type":"text","content":"\n \n \n \n PopReach Announces Proposed Independent Directors\n \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 Canada NewsWire\n \n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES OF AMERICA\n \n /\n \n \n \n \n \n \n Experienced nominees bring deep sector, financial, and corporate development expertise to guide the Company's broader technology and media growth strategy\n \n \n \n \n TORONTO\n \n ,\n \n Oct. 29, 2021\n \n /CNW/ - PopReach Corporation  (\"\n \n PopReach\n \n \" or the\n \n \"Company\n \n \") (TSXV: POPR) (OTCQX: POPRF) is pleased to announce that, subsequent to its press release issued on August 17, 2021 announcing the proposed combination of PopReach with 2810735 Ontario Inc. d/b/a Federated Foundry (\"\n \n Federated\n \n \") to form a leading, publicly-listed Canadian technology and media enterprise (the \"\n \n Transaction\n \n \"), PopReach and Federated have agreed on the full slate of nominees for the seven-member board of directors of the resulting issuer of the Transaction (the \"\n \n New Board\n \n \").\n \n \n \n \n \n \n \n \n \n As required by the policies of the TSXV, trading in the common shares of PopReach (\"\n \n PopReach Shares\n \n \") will remain halted until, among other things, PopReach completes certain regulatory filings in connection with the Transaction and the TSXV has completed certain matters it considers necessary or advisable; management expects trading of PopReach Shares to remain halted until the completion of the Transaction.\n \n \n \n \n Proposed Board of Directors of the Resulting Issuer\n \n \n \n \n Pursuant to the terms of the definitive agreement for the Transaction, as announced by press release on October 18, 2021, the New Board will consist of seven members: three nominees from PopReach (being\n \n Christopher Locke\n \n ,\n \n Jon Walsh\n \n , and\n \n Mike Vorhaus\n \n ) and four from Federated (being\n \n Ted Hastings\n \n , and three independent directors).  PopReach and Federated...

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