Principal Technologies Announces Annual General and Special Meeting, Alignment With New CPC Policy and Provides Corporate Update

About this update from Principal Technologies, Inc.

[{"type":"text","content":"\n \n \n \n Principal Technologies Announces Annual General and Special Meeting, Alignment With New CPC Policy and Provides Corporate Update\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 /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 4\n \n 2021 /CNW/ - Principal Technologies Inc. (TSXV: PTEC.P) (the \"\n \n Company\n \n \"), a capital pool company listed on the TSX Venture Exchange (\"\n \n TSXV\n \n \"), announces that, pursuant to recent changes by the TSXV to its Capital Pool Company program and TSXV Policy 2.4 -\n \n Capital Pool Companies\n \n (\"\n \n Policy 2.4\n \n \"), which became effective as at\n \n January 1, 2021\n \n (the \"\n \n New CPC Policy\n \n \"), the Company intends to seek the requisite approvals of the shareholders of the Company (the \"\n \n Shareholders\n \n \") to adopt and align the Company with the New CPC Policy at its\n \n June 30, 2021\n \n Annual General and Special Meeting of Shareholders (the \"\n \n Meeting\n \n \").\n \n \n Capitalized terms used herein and not otherwise defined have the meaning ascribed to them in the TSXV Corporate Finance Manual or the New CPC Policy.\n \n \n At the Meeting, as required to give effect to the New CPC Policy, Shareholders will be asked to pass two separate ordinary resolutions by the affirmative vote of not less than a majority of the votes cast by disinterested Shareholders who vote in respect thereof, in person or by proxy (\"\n \n Disinterested Approval\n \n \"), to:\n \n \n (a) approve the removal of the consequences associated with the Company not completing a Qualifying Transaction within 24 months of its listing date in accordance with the New CPC Policy; and\n \n \n (b) authorize the Company to make certain amendments to the Company's escrow agreement to effect certain changes contemplated under the New CPC Policy.\n \n \n \n Consequences of Failing to Complete a QT within 24 Months of the Listing Date...

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