Business
Rum Announces Voting Results From Annual General Meeting of Shareholders
EDMONTON, AB / ACCESSWIRE / June 25, 2024 / Rocky Mountain Liquor Inc. (TSX-V: RUM ) (the "Compa...
About this update from Rocky Mountain Liquor Inc.
[{"type":"text","content":"Rum Announces Voting Results From Annual General Meeting of Shareholders EDMONTON, AB / ACCESSWIRE / June 25, 2024 / Rocky Mountain Liquor Inc. (TSX-V:RUM) (the \"Company\" or \"Rocky Mountain\"), listed on the TSX Venture Exchange (the \"Exchange\"), today reported the shareholder voting results of its 2024 Annual General Meeting held June 25, 2024 in Edmonton, Alberta.Shareholders voted and approved to fix the number of directors at six (6).The below individuals were nominated and received the requisite majority of votes and will be directors of the Company for the ensuing year:01. Peter J. Byrne02. David Delaney03. Chris Queitsch04. Allison Radford05. Courtney Burton06. Gene ColemanShareholders voted and approved to appoint PricewaterhouseCoopers LLP, Chartered Accountants as Auditors of the Company for the ensuing year and authorizes the directors to fix their remuneration.The Company also announces the repayment of its bank loan with Toronto Dominion Bank (\"TD\"). Originally structured at $2,650,000, the loan was amortized over 36 months with monthly payments of interest and principal scheduled until August 30, 2025. As of June 21, 2024, the Company has settled the outstanding principal balance amounting to $731,809. The Company maintains an ongoing credit agreement with TD, encompassing a demand operating facility with a maximum availability of up to $5,400,000.About Rocky MountainRocky Mountain is a public company whose shares are traded on the TSX Venture Exchange (TSX-V:RUM). Rocky Mountain is the parent to a wholly owned subsidiary, Andersons Liquor Inc. headquartered in Edmonton, Alberta, which owns and operates 24 private liquor stores in that province.Forward-Looking StatementsThis news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as \"appear\", \"seek\", \"anticipate\", \"plan\", \"continue\", \"estimate\", \"approximate\", \"expect\", \"may\", \"will\", \"project\", \"predict\", \"potential\", \"targeting\", \"intend\", \"could\", \"might\", \"should\", \"believe...