Zomedica Announces Shareholder Meeting Voting Results
At the Meeting, the Company’s shareholders approved the following proposals:
- Election of
Jeffrey Rowe, Robert Cohen, Johnny D. Powers, Rodney Williams, Chris MacLeodand Christopher Wolfenbergas directors;
- Appointment of
MNP LLPas the auditors of the Company and related matters;
- Authorization of a reduction of the stated capital account applicable to the Common Shares of the Company in the discretion of the board of directors;
- An amendment to the articles of the Company (the “Articles”) to remove a lien on a share registered in the name of a shareholder for a debt to the Company;
- An amendment to the Articles allowing for shareholder meetings to be held outside of
- An amendment to the Articles to change the name of the Company from “Zomedica Pharmaceuticals Corp.” to “Zomedica Corp.”; and,
- The ratification and confirmation of amendments to the Company’s by-laws.
The proposal to effect a proposed share consolidation/reverse stock split of the Company’s common shares was approved by a majority of the shares voting at the Meeting but did not receive the required two-thirds majority vote required under Canadian law.
The Company’s board of directors intends to effect the name change and amendments to the Articles to remove the lien on shares and to allow shareholder meetings to be held outside of
The Company also is assessing its options with respect to effecting a reverse stock split of its common shares, which had been sought to maintain the continued listing of the common shares on the NYSE American.
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Except for statements of historical fact, this news release contains certain "forward-looking information" or “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur and include statements relating to Zomedica’s expectations regarding the public offering. Although we believe that the expectations reflected in the forward looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; uncertainty as to the timing and results of development work and pilot and pivotal studies, uncertainty as to the likelihood and timing of regulatory approvals, availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; veterinary acceptance of our products; competition from related products; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; our ability to secure and maintain strategic relationships; risks pertaining to permits and licensing, intellectual property infringement risks, risks relating to future clinical trials, regulatory approvals, safety and efficacy of our products, the use of our product, intellectual property protection, risks related to the COVID-19 pandemic and its impact upon Zomedica’s business operations generally, including Zomedica’s ability to develop its diagnostic products, and the other risk factors disclosed in our filings with the
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Source: Zomedica Pharmaceuticals Corp.