Carbon Streaming Announces Annual General Meeting Results

Rhea-AI Summary

Carbon Streaming Corporation (OTCQB: OFSTF) successfully held its Annual General Meeting where all eight proposed directors were elected. A total of 18,482,192 shares, accounting for approximately 39.5% of outstanding shares, were voted. The shareholders also appointed Deloitte LLP as the auditor, authorizing directors to set their remuneration. Voting results showed strong support for the nominees, with approval percentages for individual directors ranging from 73.6% to 91.5%. For complete results, visit the Company’s Report of Voting Results dated November 9, 2022.

Positive

• All eight director nominees were approved, indicating strong shareholder support.
• Deloitte LLP was appointed as auditor, enhancing corporate governance.

Negative

• Only 39.5% of outstanding shares were voted, suggesting potential disengagement from shareholders.

TORONTO--(BUSINESS WIRE)-- Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today held its Annual General Meeting of Shareholders (the “Meeting”), where each of the eight nominees proposed as directors and listed in the Company’s management proxy circular dated September 28, 2022 were elected as directors. A total of 18,482,192 common shares were voted in respect of the election of directors at the Meeting, representing approximately 39.5% of the votes attached to all outstanding common shares.

At the Meeting, the shareholders of the Company also approved the appointment of Deloitte LLP as auditor and authorized the directors to fix their remuneration.

The detailed results of the vote for the election of directors are set out below:

Nominee	Outcome of Vote	Voted	Voted (%)
Maurice Swan	Approved	12,314,431 For 3,873,763 Withheld	76.1% 23.9%
Justin Cochrane	Approved	12,342,506 For 3,845,688 Withheld	76.2% 23.8%
R. Marc Bustin	Approved	14,805,065 For 1,383,129 Withheld	91.5% 8.5%
Saurabh Handa	Approved	12,341,949 For 3,846,245 Withheld	76.2% 23.8%
Candace MacGibbon	Approved	12,387,387 For 3,800,807 Withheld	76.5% 23.5%
Alice Schroeder	Approved	11,906,559 For 4,281,635 Withheld	73.6% 26.5%
Andy Tester	Approved	12,370,629 For 3,817,565 Withheld	76.4% 23.6%
Jeanne Usonis	Approved	12,414,839 For 3,773,355 Withheld	76.7% 23.3%

For complete voting results on all matters approved at the Meeting, please see the Company’s Report of Voting Results dated November 9, 2022 available on SEDAR at www.sedar.com.

About Carbon Streaming
Carbon Streaming aims to accelerate a net-zero future. We pioneered the use of streaming transactions, a proven and flexible funding model, to scale high-integrity carbon credit projects to accelerate global climate action and advance the United Nations Sustainable Development Goals. This approach aligns our strategic interests with those of project partners to create long-term relationships built on a shared commitment to sustainability and accountability and positions us as a trusted source for buyers seeking high-quality carbon credits.

The Company’s focus is on projects that have a positive impact on the environment, local communities, and biodiversity, in addition to their carbon reduction or removal potential. The Company has carbon credit streams and royalties related to over 20 projects around the world, including projects involving nature-based solutions, the distribution of fuel-efficient cookstoves and water filtration devices, sustainable community projects focused on waste avoidance and energy efficiency, agricultural methane avoidance and biochar carbon removal.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20221109006090/en/

Justin Cochrane, Chief Executive Officer

647.846.7765

info@carbonstreaming.com

www.carbonstreaming.com

Investor Relations

Andrea Cheung, VP, Investor Relations

investors@carbonstreaming.com

Media

Amy Chambers, Director, Marketing, Communications & Sustainability

media@carbonstreaming.com

Source: Carbon Streaming Corporation

FAQ

What is the outcome of the Carbon Streaming Corporation Annual General Meeting?

All eight proposed directors were elected with strong support.

What percentage of shares were voted at Carbon Streaming's AGM?

Approximately 39.5% of outstanding shares were voted.

Who was appointed as the auditor during the Carbon Streaming AGM?

Deloitte LLP was appointed as the auditor.

What is the stock symbol for Carbon Streaming Corporation?

The stock symbol for Carbon Streaming is OFSTF.