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Clearmind Medicine Announces Shareholders Meeting Results

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Clearmind Medicine Inc. (Nasdaq: CMND) announces shareholder approval for board matters, equity incentive plan, and share consolidation to advance its biotech initiatives in psychedelic-derived therapeutics.
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Tel Aviv, Israel / Vancouver, Canada, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Clearmind Medicine Inc. (Nasdaq, CSE: CMND), (FSE: CWY) (“Clearmind” or the “Company”), a biotech company focused on discovery and development of novel psychedelic-derived therapeutics to solve major under-treated health problems, is pleased to announce that all of the matters put forward before shareholders for consideration and approval at its meeting held on November 14, 2023 (the “Meeting”), as set out in the Company’s Management Information Circular dated October 9, 2023, were approved by the requisite majority of votes cast at the Meeting, including a resolution fixing the board of directors at four members, the election of directors of the Company for the ensuing year, a resolution to establish and approve an omnibus equity incentive plan and a resolution approving the directors to effect a consolidation (the “Consolidation”) of  the common shares in the capital of the Company (the “Shares”) on the basis of fifty (50) pre-Consolidation Shares for one (1) post-Consolidation Share, or such other lesser consolidation ratio as determined by the Company’s board of directors at its sole discretion, in one or more tranches during the twelve (12) months immediately following the Meeting. 

About Clearmind Medicine Inc.

Clearmind is a psychedelic pharmaceutical biotech company focused on the discovery and development of novel psychedelic-derived therapeutics to solve widespread and underserved health problems, including alcohol use disorder. Its primary objective is to research and develop psychedelic-based compounds and attempt to commercialize them as regulated medicines, foods or supplements.

The Company’s intellectual portfolio currently consists of fifteen patent families. The Company intends to seek additional patents for its compounds whenever warranted and will remain opportunistic regarding the acquisition of additional intellectual property to build its portfolio.

Shares of Clearmind are listed for trading on Nasdaq and the Canadian Securities Exchange under the symbol "CMND" and the Frankfurt Stock Exchange under the symbol “CWY.”

For further information visit: https://www.clearmindmedicine.com or contact:

Investor Relations

invest@clearmindmedicine.com
Telephone: (604) 260-1566
US: CMND@crescendo-ir.com

General Inquiries

Info@Clearmindmedicine.com


FAQ

What did Clearmind announce at the shareholder meeting?

Clearmind announced the approval of board matters, an omnibus equity incentive plan, and a share consolidation.

What is the purpose of the share consolidation?

The share consolidation aims to consolidate the common shares in the capital of the Company on the basis of fifty pre-Consolidation Shares for one post-Consolidation Share to streamline and optimize the company's share structure.

What is Clearmind's focus as a biotech company?

Clearmind is focused on the discovery and development of novel psychedelic-derived therapeutics to address major under-treated health problems.

What is Clearmind's stock ticker symbol?

Clearmind's stock ticker symbol is CMND on the Nasdaq.

Clearmind Medicine Inc. Common Shares

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Biotechnology
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