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MONTREAL, July 5, 2021 /CNW/ - Bold Capital Enterprise
Ltd. ("Bold" and the "Corporation") (TSXV: BOLD.P) is
pleased to announce that all matters submitted to shareholders for
approval as set out in detail in the Corporation's management
information circular ("Circular") dated May 26, 2021 were approved at the annual general
and special meeting of the shareholders of the Corporation held
on June 29, 2021 (the
"Meeting"). At the Meeting, Mallette LLP was re-appointed as
the auditor of the Corporation and the incumbent members of the
board of directors, being Peter
Rona, Nabil Ishak,
John Paradias and Edward Ierfino, were elected.
In addition to the above, disinterested shareholders of the
Corporation voted in favour of the following resolutions proposed
in the Circular, thereby implementing the certain changes needed to
transition to the TSX Venture Exchange's Policy 2.4 – Capital Pool
Companies that became effective as at January 1, 2021 ("Policy 2.4"):
- ratifying certain amendments to the Corporation's stock option
plan;
- removing the consequences associated with the Corporation not
completing a Qualifying Transaction within 24 months of its listing
date; and
- authorizing the Corporation to make certain amendments to the
Corporation's escrow agreement.
Please refer to the Corporation's news release dated
May 28, 2021 and the Circular for
further details with respect to the amendments associated with the
new Policy 2.4.
About Bold Capital Enterprises Ltd.
The Corporation is incorporated under the Canada Business
Corporations Act and is a capital pool company listed on the
TSXV. The Corporation has no commercial operations and has no
assets other than cash. For further information please see all
relevant documents, filed on SEDAR at www.sedar.com.
Forward-Looking Information
The information in this news release includes certain
information and statements about management's view of future events
that constitute forward-looking statements, including statements
relating to BOLD's next Qualifying Transaction or the approval of
disinterested shareholders of matters under the New CPC Policy at
the general and special shareholder meeting and the future business
of the Corporation. These statements are based upon assumptions
that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of
factors, the actual results or performance of BOLD may differ
materially from those anticipated and indicated by these
statements. Although BOLD believes that the expectations reflected
in forward-looking statements herein are reasonable, it can give no
assurances that such statements will be correct.
Except as required by law, BOLD disclaims any intention and
assumes no obligation to update revise any forward-looking
statements herein.
The TSXV has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents
of this press release.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE Bold Capital Enterprises Ltd.