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Railtown Capital Corp. Announces Shareholder Meeting Results
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2023) - Railtown Capital Corp.  (TSX...
About this update from Railtown Ai Technologies Inc
[{"type":"text","content":"Railtown Capital Corp. Announces Shareholder Meeting ResultsVancouver, British Columbia--(Newsfile Corp. - July 4, 2023) - Railtown Capital Corp. (TSXV: RLT.P) (\"Railtown\" or the \"Company\"), a capital pool company (\"CPC\") listed on the TSX Venture Exchange (the \"Exchange\"), is pleased to announce the results of its Annual General and Special Meeting (the \"Meeting\") of the shareholders of the Company (\"Shareholders\") held on June 28, 2023.MeetingAt the Meeting, Shareholders set the number of directors of the Company at four and elected all four management nominees to the board of directors of the Company for the ensuing year. As such, the Company's board of directors remains:Cameron White;Claudia Tornquist;Timothy Gamble; andGraeme Barker.Shareholders also voted to:re-appoint MNP, LLP as the auditors of the Company for the ensuing year and to authorize the directors to fix their renumeration; andapprove amendments to the Company's 10% rolling stock option plan (the \"Option Plan\") to revise it in accordance with certain updates to Policy 2.4 - Capital Pool Companies and Policy 4.4 - Security Based Compensation of the Exchange's Corporate Finance Manual (the \"Updated Exchange Policies\").Stock Option Plan AmendmentsIn addition to updating the Option Plan in accordance with the Updated Exchange Policies, the amendments, among other things, permit the Company to issue stock options to certain charitable organizations. Key amendments to the Option Plan include:a requirement that disinterred shareholder approval be obtained for any extension of the term of a stock option, if the option holder is an Insider (as such term is defined in Policy 1.1 - Interpretation of the Exchange) of the Company;a requirement that disinterested shareholder approval be obtained to issue stock options to Insiders of the Company (as a group) at any one time or in any 12-month period in an amount exceeding 10% of the issued and outstanding common shares of the Company; a requirement that, while the Company is a CPC, the number of common shares reserved under option for issuance to all eligible charitable organizations not exceed 1% of the Company's issued and outstanding common shares at the date of grant;a requirement that, while the Company is a CPC, the term of a stock option must expire not later than 12 months after the optionee ...