Skychain Announces Shareholders Meeting on November 7, 2024
SkyChain Technologies Inc. (TSXV: SCT.H) has announced its annual general and special meeting to be held on November 7, 2024, with a record date of October 3, 2024. The company addressed an invalid attempt by certain parties to requisition a shareholders meeting on October 10, 2024. SkyChain is currently under a cease trade order (CTO) but is working to rectify and revoke it to restore trading and liquidity of its common shares.
The company cautioned against any activities that may violate the CTO, such as arranging future purchases or sales of common shares. At the upcoming meeting, SkyChain plans to present financial statements, conduct business, and discuss steps towards rectifying the CTO and restoring shareholder value.
SkyChain Technologies Inc. (TSXV: SCT.H) ha annunciato la sua riunione annuale generale e speciale che si terrà il 7 novembre 2024, con una data di registrazione fissata per il 3 ottobre 2024. L'azienda ha affrontato un tentativo non valido da parte di alcune parti di richiedere una riunione degli azionisti il 10 ottobre 2024. SkyChain è attualmente soggetta a un ordine di sospensione delle negoziazioni (CTO) ma sta lavorando per rimediare e revocarlo al fine di ripristinare la negoziazione e la liquidità delle sue azioni ordinarie.
L'azienda ha messo in guardia contro eventuali attività che potrebbero violare il CTO, come organizzare acquisti o vendite future di azioni ordinarie. Durante la prossima riunione, SkyChain prevede di presentare i bilanci, condurre affari e discutere i passi da compiere per rettificare il CTO e ripristinare il valore per gli azionisti.
SkyChain Technologies Inc. (TSXV: SCT.H) ha anunciado su asamblea general y especial anual que se llevará a cabo el 7 de noviembre de 2024, con una fecha de registro del 3 de octubre de 2024. La empresa trató un intento inválido por parte de ciertas partes para requisitar una reunión de accionistas el 10 de octubre de 2024. SkyChain está actualmente bajo una orden de cese de operaciones (CTO) pero está trabajando para rectificar y revocarla para restaurar la negociación y la liquidez de sus acciones ordinarias.
La empresa advirtió sobre cualquier actividad que pudiera violar el CTO, como organizar futuras compras o ventas de acciones ordinarias. En la próxima reunión, SkyChain planea presentar los estados financieros, llevar a cabo negocios y discutir los pasos para rectificar el CTO y restaurar el valor para los accionistas.
SkyChain Technologies Inc. (TSXV: SCT.H)는 연례 일반 및 특별 회의를 2024년 11월 7일에 개최할 예정이며, 기록일은 2024년 10월 3일입니다. 회사는 2024년 10월 10일에 주주 회의를 요청하려는 일부 당사자의 무효 시도를 다루었습니다. SkyChain은 현재 거래 중지 명령(CTO)에 따라 운영되고 있지만, 이를 시정하고 철회하여 보통주의 거래 및 유동성을 회복하기 위해 노력하고 있습니다.
회사는 보통주에 대한 향후 구매 또는 판매를 조직하는 것과 같이 CTO를 위반할 수 있는 활동에 대해 경고했습니다. 다가오는 회의에서 SkyChain은 재무제표를 제시하고 비즈니스를 수행하며 CTO를 시정하고 주주 가치를 회복하기 위한 조치를 논의할 계획입니다.
SkyChain Technologies Inc. (TSXV: SCT.H) a annoncé sa réunion annuelle générale et spéciale qui se tiendra le 7 novembre 2024, avec une date d'enregistrement au 3 octobre 2024. L'entreprise a abordé une tentative invalide de certaines parties de convoquer une assemblée des actionnaires le 10 octobre 2024. SkyChain est actuellement sous un ordre de cessation de négociation (CTO) mais travaille à le rectifier et à le révoquer afin de restaurer la négociation et la liquidité de ses actions ordinaires.
L'entreprise a mis en garde contre toute activité qui pourrait violer le CTO, comme organiser des achats ou ventes futurs d'actions ordinaires. Lors de la prochaine réunion, SkyChain prévoit de présenter les états financiers, de mener des affaires et de discuter des mesures à prendre pour rectifier le CTO et restaurer la valeur pour les actionnaires.
SkyChain Technologies Inc. (TSXV: SCT.H) hat seine Jahreshaupt- und Sonderversammlung für den 7. November 2024 angekündigt, mit einem Stichtag vom 3. Oktober 2024. Das Unternehmen hat einen ungültigen Versuch bestimmter Parteien angesprochen, eine Hauptversammlung der Aktionäre am 10. Oktober 2024 einzuberufen. SkyChain steht derzeit unter einer Handelsstopp-Anordnung (CTO), arbeitet jedoch daran, diese zu beheben und aufzuheben, um den Handel und die Liquidität seiner Stammaktien wiederherzustellen.
Das Unternehmen warnte vor Aktivitäten, die möglicherweise gegen die CTO verstoßen könnten, wie z.B. die Organisation zukünftiger Käufe oder Verkaufs von Stammaktien. Bei der bevorstehenden Sitzung plant SkyChain, Finanzberichte zu präsentieren, Geschäfte durchzuführen und Schritte zur Behebung der CTO und zur Wiederherstellung des Shareholder-Value zu erörtern.
- Company proactively scheduling annual general and special meeting
- Management taking steps to rectify and revoke the cease trade order
- Efforts to restore trading and liquidity of common shares
- Company subject to a cease trade order (CTO)
- Trading of common shares suspended
- Potential unauthorized trading activities by minority shareholders
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2024) - SkyChain Technologies Inc. (TSXV: SCT.H) (the "Company" or "Skychain") is pleased to announce that it is calling its annual general and special meeting (the "Meeting") of the Company to be held on November 7, 2024 with a record date of October 3, 2024. More details of the Meeting will be provided in the management information circular (the "Circular") to be delivered to shareholders prior to the Meeting.
The Company is aware that certain parties ("Small Minority Dissidents") have attempted to requisition a shareholders meeting (the "Failed Effort") of the Company on October 10, 2024 pursuant to the Business Corporation Act (British Columbia) (the "Act"), but the Failed Effort for a requisitioned shareholders meeting is invalid and not properly called pursuant to the Act. However, management of the Company has nonetheless taken the necessary steps to properly call the Meeting at the earliest practicable date on November 7, 2024. The Failed Effort is invalid under the Act, has no effect under applicable corporate law, and will not be recognized by the Company or under applicable corporate or securities laws.
Pursuant to an order by the British Columbia Securities Commission dated August 5, 2022, the Company is subject to a cease trade order (the "CTO") and trading of the Company's common shares has been suspended. However, the Company has been taking, and will continue to take action to rectify and revoke the CTO in order to again provide for trading and liquidity for the Company's common shares as soon as possible in order to preserve and maximize value for shareholders.
The Company has become aware that the Small Minority Dissidents or people acting in concert with them may have attempted to arrange for the future purchase and sale of common shares of the Company, possibly in exchange for an agreement to vote of common shares at a shareholders meeting. As the Company is subject to the CTO, any activities by anyone in the furtherance of a trade in contravention of the CTO, such as negotiating or entering into an agreement or arrangement for the purchase and sale of common shares of the Company, are prohibited under applicable securities law. All persons engaged in such prohibited activities, including the Small Minority Dissidents should this be the case, are subject to investigation and prosecution by securities regulatory authorities, and the Company wishes to caution all persons against participating in such prohibited activities.
The Company will present to the shareholders at the Meeting its most recent completed financial statements, conduct annual general and special business, discuss the proactive steps and progress the Company is making towards rectifying the CTO and restoring liquidity and shareholder value. The Company looks forward to updating and meeting with its shareholders at the Meeting on November 7, 2024.
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/223561
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