ZoomAway Announces Results of Annual and Special Meeting of Shareholders

Rhea-AI Summary

ZoomAway Technologies Inc. held its annual general and special meeting on December 20, 2021, where shareholders approved key measures. Notably, 99.85% voted to fix the board size at five directors and elect Jay Bala, Alex Kanayev, Sean Schaeffer, Steven Rosenthal, and Mason Shan. MNP LLP was appointed as the auditor with a 99.97% approval. The continuation of the share option plan also received 99.85% support. Approximately 58.95% of shares voted, totaling 9,757,723 shares. Further details are accessible through the Corporation's management information circular.

Positive

• Shareholders approved the election of five directors with over 99% support.
• MNP LLP appointed as auditor with 99.97% approval.
• Continuation of the share option plan received 99.85% votes in favor.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / December 23, 2021 / ZoomAway Technologies Inc. (TSXV:ZMA)(OTCQB:ZMWYF) (the "Corporation" or " ZMA") www.zoomaway.com is pleased to announce the results of its annual general and special meeting of shareholders held on December 20, 2021 (the " Meeting ").

At the Meeting, shareholders overwhelmingly voted in favour of the following matters: (i) to fix the number of directors to be elected for the ensuing year at five; (ii) the election of five directors; (iii) the appointment of MNP LLP as the Corporation's auditor; and (iv) the continuation of the Corporation's share option plan, as follows:

MATTER	VOTES IN FAVOUR (%)
Fixing the Number of Directors	99.85
Election of Directors
Jay Bala	99.85
Alex Kanayev	99.85
Sean Schaeffer	99.67
Steven Rosenthal	99.67
Mason Shan	99.85
Appointment of MNP LLP as Auditor	99.97
Continuation of Share Option Plan	99.85

A total of 9,757,723 shares were present at the Meeting, in person or represented by proxy, representing approximately 58.95% of the Corporation's issued and outstanding shares entitled to vote at the Meeting.

For more information on the matters approved at the Meeting, please refer to the Corporation's management information circular dated November 16, 2021 which is available on the Corporation's SEDAR profile at www.sedar.com.

For additional information contact: Sean Schaeffer, President, ZoomAway Technologies Inc., at 775-691-8860 sean@zoomaway.com or stay up-to-date and sign up for our newsletter.

About Us

ZoomAway Technologies Inc. is a technology company that is revolutionizing the hospitality and travel industries. We have developed a variety of software solutions that enhance the planning and engagement of everyday tourists. Our flagship project, ZoomedOUT, is a complete modernization and re-imagination of mobile travel apps. In a full 3D environment, we are able to integrate planning, booking, social media, and camaraderie into a tangibly rewarding experience. We are combining travel, hospitality, mobile gaming and augmented reality to change the way users travel into 2022 and beyond. Additional information about ZoomAway Technologies Inc. can be found at www.zoomaway.com.

Forward-Looking Statements

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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

SOURCE: ZoomAway Technologies Inc.

View source version on accesswire.com:
https://www.accesswire.com/679382/ZoomAway-Announces-Results-of-Annual-and-Special-Meeting-of-Shareholders

FAQ

What were the outcomes of ZoomAway Technologies' annual meeting on December 20, 2021?

Shareholders voted overwhelmingly to elect five directors, appoint MNP LLP as auditor, and continue the share option plan.

What percentage of shareholders voted at the ZoomAway Technologies meeting?

Approximately 58.95% of the Corporation's issued and outstanding shares voted, totaling 9,757,723 shares.

Which directors were elected at the ZoomAway Technologies meeting?

Directors elected included Jay Bala, Alex Kanayev, Sean Schaeffer, Steven Rosenthal, and Mason Shan.

What is the stock symbol for ZoomAway Technologies?

The stock symbol for ZoomAway Technologies is ZMWYF.

Who can I contact for more information about ZoomAway Technologies?

For more information, you can contact Sean Schaeffer, President, at 775-691-8860 or via email at sean@zoomaway.com.