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SkyChain Technologies Inc.: October 10 2024 Invalid Meeting Will Not Proceed

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SkyChain Technologies Inc. (TSXV: SCT.H) has announced that the October 10, 2024 meeting improperly called by the Small Minority Dissidents has been cancelled. The company received confirmation and acceptance of this cancellation from the dissidents. SkyChain emphasizes that the annual and general special meeting of shareholders scheduled for November 7, 2024, which was announced on September 16, 2024, is the only valid meeting and will proceed as planned.

The company expressed disappointment over the unnecessary costs and expenses incurred due to the invalid meeting attempt, noting that it only served to confuse shareholders. SkyChain reiterates that the October 10 meeting was invalid from the start and was never going to proceed.

SkyChain Technologies Inc. (TSXV: SCT.H) ha annunciato che l'incontro del 10 ottobre 2024 convocato impropriamente dai Piccoli Dissidenti Minoritari è stato annullato. L'azienda ha ricevuto conferma e accettazione di questa cancellazione dai dissidenti. SkyChain sottolinea che l'assemblea annuale e generale speciale degli azionisti programmata per il 7 novembre 2024, annunciata il 16 settembre 2024, è l'unica riunione valida e si svolgerà come previsto.

L'azienda ha espresso delusione per i costi e le spese inutili sostenuti a causa del tentativo di riunione non valida, osservando che questo ha solo confuso gli azionisti. SkyChain ribadisce che l'incontro del 10 ottobre era invalido fin dall'inizio e non si sarebbe mai svolto.

SkyChain Technologies Inc. (TSXV: SCT.H) ha anunciado que la reunión del 10 de octubre de 2024 convocada de manera impropia por los Pequeños Disidentes Minoritarios ha sido cancelada. La empresa recibió confirmación y aceptación de esta cancelación por parte de los disidentes. SkyChain enfatiza que la reunión anual y general especial de accionistas programada para el 7 de noviembre de 2024, anunciada el 16 de septiembre de 2024, es la única reunión válida y se llevará a cabo según lo planeado.

La empresa expresó decepción por los costos y gastos innecesarios incurridos debido al intento de reunión inválida, señalando que esto solo sirvió para confundir a los accionistas. SkyChain reitera que la reunión del 10 de octubre era inválida desde el principio y nunca se iba a llevar a cabo.

SkyChain Technologies Inc. (TSXV: SCT.H)은 소수 소수자들이 부적절하게 요청한 2024년 10월 10일 회의취소되었다고 발표했습니다. 회사는 반대 세력으로부터 이 취소에 대한 확인과 수용을 받았습니다. SkyChain은 2024년 11월 7일로 예정된 연례 및 일반 특별 주주 회의유일한 유효한 회의이며 예정대로 진행될 것이라고 강조했습니다.

회사는 무효 회의 시도로 인해 발생한 불필요한 비용과 지출에 대한 실망을 나타내며, 이것이 주주들에게 혼란만을 초래했다고 언급했습니다. SkyChain은 10월 10일 회의가 처음부터 무효였고 절대 진행되지 않을 것이라고 재확인했습니다.

SkyChain Technologies Inc. (TSXV: SCT.H) a annoncé que la réunion du 10 octobre 2024, convoquée de manière inappropriée par les Petits Dissidents Minoritaires, a été annulée. La société a reçu une confirmation et une acceptation de cette annulation de la part des dissidents. SkyChain souligne que l'assemblée générale ordinaire et spéciale des actionnaires prévue le 7 novembre 2024, annoncée le 16 septembre 2024, est la seule réunion valable et se déroulera comme prévu.

La société a exprimé sa déception concernant les coûts et dépenses inutiles encourus en raison de cette tentative de réunion invalide, notant que cela n'a servi qu'à semer la confusion parmi les actionnaires. SkyChain réitère que la réunion du 10 octobre était invalide depuis le début et ne devait jamais avoir lieu.

SkyChain Technologies Inc. (TSXV: SCT.H) hat bekannt gegeben, dass die für den 10. Oktober 2024 einberufene Sitzung, die von den kleinen Minderheitsdissidenten unrechtmäßig einberufen wurde, abgesagt wurde. Das Unternehmen erhielt eine Bestätigung und Annahme dieser Absage von den Dissidenten. SkyChain betont, dass die für den 7. November 2024 geplante jährliche und allgemeine Sonderversammlung der Aktionäre, die am 16. September 2024 angekündigt wurde, die einzige gültige Sitzung ist und wie geplant stattfinden wird.

Das Unternehmen äußerte Enttäuschung über die unnötigen Kosten und Aufwendungen, die durch den ungültigen Versuchs der Sitzung entstanden sind, und stellte fest, dass dies lediglich zu Verwirrung bei den Aktionären geführt hat. SkyChain wiederholt, dass die Sitzung am 10. Oktober von Beginn an ungültig war und niemals stattfinden sollte.

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Vancouver, British Columbia--(Newsfile Corp. - October 7, 2024) - SkyChain Technologies Inc. (TSXV: SCT.H) (the "Company") advises that the Company has received confirmation and acceptance by the Small Minority Dissidents (as defined in the Company's news release dated September 16, 2024) that the October 10, 2024 meeting improperly called by them has been cancelled. The annual and general special meeting of the shareholders, announced by the Company on September 16, 2024 and scheduled on November 7, 2024, is the only valid meeting and will proceed as planned.

The October 10, 2024 meeting unilaterally set by the Small Minority Dissidents was invalid from the start and destined not to proceed. It is unfortunate they put the Company through the unnecessary cost and expense, especially when the sole consequence is to confuse shareholders.

About Skychain Technologies Inc.

Skychain Technologies Inc. is a Vancouver based company providing crypto/data centre and NFT and valued added services. To learn more, visit skychaintechnologiesinc.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Don Gordon, President and CEO

_______________________________________________
Contact: 604-688-5464
info@skychaintechnologiesinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-looking statements and the Company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225912

FAQ

When is SkyChain Technologies Inc. (SKTCF) holding its valid annual and general special meeting of shareholders?

SkyChain Technologies Inc. (SKTCF) will hold its valid annual and general special meeting of shareholders on November 7, 2024, as announced on September 16, 2024.

What happened to the October 10, 2024 meeting called by the Small Minority Dissidents of SkyChain Technologies (SKTCF)?

The October 10, 2024 meeting called by the Small Minority Dissidents of SkyChain Technologies (SKTCF) has been cancelled and will not proceed, as it was deemed invalid from the start.

Why did SkyChain Technologies (SKTCF) criticize the attempted October 10, 2024 meeting?

SkyChain Technologies (SKTCF) criticized the attempted October 10, 2024 meeting because it caused unnecessary costs and expenses for the company and created confusion among shareholders.

SKYCHAIN TECHNOLOGIES INC

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