Northstar Announces Participation in the 2024 Canadian Climate Investor Conference and 2024 AGSM Results
Northstar Clean Technologies announced its participation in the 2024 Canadian Climate Investor Conference on June 25, 2024, at the MaRS Discovery District in Toronto. CEO Aidan Mills will present at the event, which aims to connect clean technology companies with climate-conscious investors. The conference, hosted by the Toronto Stock Exchange, is designed to promote sustainable investments.
Additionally, at the Annual General and Special Meeting of Shareholders on June 18, 2024, all proposed matters were approved. These included the re-election of seven directors, reappointment of MNP LLP as auditors, approval of the amended 2023 Equity Incentive Plan, approval of TAMKO Building Products as a new control person, and the re-pricing of stock options. A total of 37,247,380 common shares were voted, representing 29.23% of the company's outstanding shares.
- Participation in the 2024 Canadian Climate Investor Conference enhances visibility among climate-conscious investors.
- Approval of the amended 2023 Equity Incentive Plan, including a 10% rolling plan for stock options and a fixed plan of 10,000,000 shares for performance-based awards.
- Re-election of all seven directors proposed by management, ensuring continuity in leadership.
- Approval of TAMKO Building Products as a new control person could bring strategic benefits.
- Shareholder approval of all proposed matters indicates strong support for management.
- Only 29.23% of the company's outstanding shares were represented at the Annual General Meeting, indicating moderate shareholder engagement.
Mr. Aidan Mills, President & CEO and Director of Northstar, is presenting at the conference at 3:05 pm EST / 12:05 pm PST.
The Canadian Climate Investor Conference, hosted by the Toronto Stock Exchange and TSX Venture Exchange, brings together growth-oriented clean technology and renewable energy companies, and climate conscious investors, to share ideas and discover ways to accelerate the deployment of capital needed to build a more sustainable future for Canadians. The conference showcases clean technology investments and is designed to help democratize the ability for investors to participate in growing the clean technology ecosystem. The conference is not for profit. A donation will be made to a non-profit incubator to support the Canadian clean technology ecosystem. For a complete agenda of the conference and to register, see the conference website here: https://events.tsx.com/ccic/.
2024 Annual General and Special Meeting of Shareholders
Northstar is also pleased to announce that all matters put forward to its shareholders at the Company's annual general and special meeting of shareholders (the "Meeting") held on Tuesday, June 18, 2024 were duly approved. At the Meeting, the Company's shareholders approved the matters voted on, including:
- the re-election of the seven director candidates proposed by management;
- the reappointment of MNP LLP as auditors of the Company;
- the approval of the Company's amended 2023 Equity Incentive Plan (the "Plan"), (including the approval of a
10% rolling plan for stock options and a fixed plan of 10,000,000 common shares for performance-based awards of restricted share units, performance share units and deferred share units); - the approval of TAMKO building Products LLC as a new control person of the Company;
- the re-pricing of stock options issued to insiders.
A total of 33 shareholders were represented in person or by proxy with 37,247,380 common shares voted, representing
About Northstar
Northstar Clean Technologies Inc. is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt for use in new hot mix asphalt, shingle manufacturing and asphalt flat roof systems, and aggregate and fiber for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale at its first commercial scale up facility in
For further information about Northstar, please visit www.northstarcleantech.com.
On Behalf of the Board of Directors,
Aidan Mills
President & CEO, Director
Cautionary Statement on Forward-Looking Information
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. The TSXV has neither approved nor disapproved the contents of this press release.
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SOURCE Northstar Clean Technologies Inc.
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