Titan Logix Corp. Reports Voting Results of Election of Directors

Rhea-AI Summary

Titan Logix Corp. (TSXV: TLA) held its annual general meeting (AGM) on January 23, 2025, where shareholders elected four directors to the board. The meeting saw a 52.9% participation rate, representing 15,094,720 common shares. All nominees were successfully elected with strong approval rates: S. Grant Reeves and Robert Tasker received 100% approval, Victor Lee received 97.84%, and Helen Cornett received 96.46% of votes.

Following the AGM, Grant Reeves was appointed as Chairman of the Board. The company also established two committees: the Audit Committee, chaired by Helen Cornett, and the Executive Compensation and Corporate Governance Committee, chaired by Victor Lee. All matters presented to shareholders were approved by the required majority.

Positive

• High approval rates for all board nominees (96-100%)
• Strong shareholder participation rate of 52.9%

Negative

• None.

Edmonton, Alberta--(Newsfile Corp. - January 23, 2025) - Titan Logix Corp., (TSXV: TLA) ("Titan" or the "Company"), a technology company specializing in mobile liquid measurement solutions, announced today that at its annual general meeting of shareholders held on January 23, 2025 (the "AGM"), each of the four nominees proposed as directors were elected as directors.

A total of 15,094,720 common shares, representing 52.9% of the votes attached to all outstanding shares as at the record date for the meeting, were represented at the AGM. The detailed results of the voting for each resulting nominee are as follows:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
S. Grant Reeves	13,441,445	100.00%	-	-%
Helen Cornett	12,965,445	96.46%	476,000	3.54%
Victor Lee	13,150,745	97.84%	290,700	2.16%
Robert Tasker	13,441,445	100.00%	-	-%

 

All of the matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, both dated Decembers 12, 2024, were approved by the requisite majority of votes cast at the AGM.

Subsequent to the annual meeting of shareholders, the newly-elected board of directors of Titan (the "Board") appointed Grant Reeves as Chairman of the Board. Additionally, the Board appointed Helen Cornett (Chair), Victor Lee, Grant Reeves and Robert Tasker as members of the Audit Committee and appointed Victor Lee (Chair), Grant Reeves, Helen Cornett and Robert Tasker as members of the Executive Compensation and Corporate Governance Committee.

About Titan Logix Corp.:

About Titan Logix Corp.:

For over 25 years, Titan Logix Corp. has designed and manufactured mobile liquid measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquids transportation. Titan's TD Series of tank level monitors are a market leader in mobile fluid measurement, and are known for their high level of accuracy, rugged design, and solid-state reliability. Our solutions are designed for hazardous and non-hazardous applications, and we serve customers in a wide range of applications including petroleum, environmental solutions, chemical, and agriculture.

Founded in 1979, Titan Logix Corp. is a public company listed on the TSX Venture Exchange and its shares trade under the symbol TLA.

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

Information in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Implicit in this information are assumptions regarding our future operational results. These assumptions, although considered reasonable by the company at the time of preparation, may prove to be incorrect. Readers are cautioned that actual performance of the company is subject to a number of risks and uncertainties and could differ materially from what is currently expected as set out above. For more exhaustive information on these risks and uncertainties you should refer to our Management Discussion and Analysis in respect of the year ended August 31, 2022 which is available at www.sedarplus.ca. In addition, the occurrence of pandemics, such as the outbreak of the novel coronavirus COVID-19 in any of the areas in which the Company, its customers or its suppliers operate could cause interruptions in the Company's operations. In addition, pandemics, natural disasters or other unanticipated events could negatively impact the demand for, and price of, oil and natural gas which in turn could have a material adverse effect on the Company's business, financial condition, results of operations and cash flows. Forward-looking information contained in this press release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While we may elect to, we are under no obligation and do not undertake to update this information at any particular time, whether as a result of new information, future events or otherwise, except as required by applicable securities law.

Contact Information:

Nick Forbes
Chief Executive Officer
Ph: (403) 561-8095
Email: invest@titanlogix.com
www.titanlogix.com
TSX Venture, TLA

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238249

FAQ

What was the voter turnout at Titan Logix Corp's (TSXV: TLA) 2025 AGM?

The voter turnout at Titan Logix Corp's 2025 AGM was 52.9%, representing 15,094,720 common shares.

Who was appointed as Chairman of Titan Logix Corp's Board in January 2025?

S. Grant Reeves was appointed as Chairman of the Board following the January 23, 2025 AGM.

What percentage of votes did Helen Cornett receive in Titan Logix Corp's 2025 board election?

Helen Cornett received 96.46% of votes in favor, with 3.54% votes withheld.

Which board members received 100% approval at Titan Logix's 2025 AGM?

S. Grant Reeves and Robert Tasker both received 100% approval votes at the 2025 AGM.