Tiidal Announces Results of Its Annual and Special Meeting of Shareholders

Rhea-AI Summary

Tiidal Gaming Group Corp. receives shareholder approval for key business items including board of directors election, auditor re-appointment, continuance, delisting, and new equity incentive plan.

Toronto, Ontario--(Newsfile Corp. - April 5, 2024) - Tiidal Gaming Group Corp. (CSE: TIDL) (the "Company" or "Tiidal"), is pleased to announce that it has received the approval of its shareholders of all items of business presented at its annual and special meeting of shareholders held today (the "Meeting"), including:

• the election of three nominees to the board of directors as proposed by Company, being Carlo Rigillo, Fraser Hartley and Denis Beker;
• the re-appointment of MNP LLP as auditor of the Company;
• the continuance of the Company out of Ontario under the Business Corporations Act (Ontario) into British Columbia under the Business Corporations Act (British Columbia) (the "Continuance");
• the delisting of common shares of the Company from the Canadian Securities Exchange (the "Delisting"); and
• the approval of a new 10% equity incentive plan (the "Equity Incentive Plan").

The common shares were voted in connection with the matters at the Meeting as follows:

Director	Votes For	% of Votes For	Votes Withheld	% of Votes Withheld
Carlo Rigillo	894,763	99.02%	8,891	0.98%
Fraser Hartley	903,637	100%	17	0.00%
Dennis Beker	903,637	100%	17	0.00%

 

Matters	Votes For	% of Votes For	Votes Against	% of Votes Against
Appointment of Auditor	905,839	100%	17	0.00%
Continuance	894,656	99%	8,998	1.0%
Delisting	494,106	98.10%	9,548	1.90%
Equity Incentive Plan	903,512	99.98%	142	0.02%

 

ABOUT TIIDAL GAMING

Tiidal Gaming is a reporting issuer in the Provinces of Ontario, British Columbia and Alberta and its Shares are listed for trading on the Canadian Securities Exchange under the symbol "TIDL".

Carlo Rigillo
Chief Executive Officer
e: carlo.rigillo@gmail.com
t: 647-400-4794

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

Cautionary Statements

This news release may contain forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan, "estimate", "expect", "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. These risks and uncertainties include, but are not limited to, the timing of the completion of the Continuance and the Delisting; whether the Continuance and Delisting will be implemented or completed on the terms contemplated or at all; and any material adverse changes in general economic, business and political conditions, including changes in the financial markets, changes in applicable laws, and compliance with extensive government regulation, any of which could cause results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. Many risks are inherent in the industries in which the Company participates; others are more specific to the Company. The Company's ongoing quarterly filings should be consulted for additional information on risks and uncertainties relating to these forward-looking statements. Investors should not place undue reliance on any forward-looking statements. Management assumes no obligation to update or alter any forward-looking statements whether as a result of new information, further events or otherwise, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204528

FAQ

What key business items did Tiidal Gaming Group Corp. receive shareholder approval for?

Tiidal Gaming Group Corp. received shareholder approval for the election of three nominees to the board of directors, re-appointment of MNP LLP as auditor, continuance out of Ontario into British Columbia, delisting from the Canadian Securities Exchange, and approval of a new 10% equity incentive plan.

Who were the nominees elected to the board of directors?

The nominees elected to the board of directors are Carlo Rigillo, Fraser Hartley, and Denis Beker.

What percentage of votes were in favor of the election of Carlo Rigillo to the board of directors?

Carlo Rigillo received 99.02% of votes in favor of his election to the board of directors.

What was the percentage of votes in favor of the continuance of Tiidal Gaming Group Corp. out of Ontario into British Columbia?

The continuance received 99% of votes in favor.

Was the delisting of common shares from the Canadian Securities Exchange approved?

Yes, the delisting of common shares from the Canadian Securities Exchange was approved with 98.10% of votes in favor.