VANCOUVER,
BC, Dec. 13, 2024 /CNW/ - Progressive Planet
Solutions Inc. (TSXV: PLAN) (OTC: ASHXF) ("PLAN" or the
"Company") reports that, further to its news release dated
November 20, 2024, due to the ongoing
Canada Post strike, the mailing of the Management Information
Circular, Notice of Meeting, proxy form or voting instruction form
(collectively, the "Materials") for the upcoming Annual
General Meeting, to be held on January 9,
2025 at 1:30 p.m.at Suite 700, 401 West Georgia, Vancouver, BC,(the "Meeting") may be
delayed.
The Company has satisfied all the conditions to
rely, and is relying, on the exemption from the requirement under
CSA Coordinated Blanket Order 51-931 (the "Blanket Order")
issued by the British Columbia Securities Commission re Temporary
Exemption from requirements in National Instrument 51-102
Continuous Disclosure Requirements and National Instrument
54-101 Communication with Beneficial Owners of Securities of a
Reporting Issuer to send certain proxy-related materials during
a postal strike.
At the Meeting, shareholders will be asked to
vote on the following matters, all as more particularly described
in the Materials:
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a) To fix the number of
directors of the Company for the ensuing year at four;
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b) To elect the four
directors of the Company for the ensuing year;
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c) To appoint the
Company's auditor for the ensuing year and to authorize the
directors of the Company to fix the remuneration of to be paid to
the auditors;
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d) To consider and, if
thought fit, to pass an ordinary resolution ratifying and approving
the Company's amended and restated stock option
plan; and
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e) To transact other
such business as may properly come before the Meeting.
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Shareholders can retrieve electronic versions of
the Materials from www.progressiveplanet.com/investors/ or
www.sedarplus.ca under the profile for Progressive Planet Solutions
Inc. or may also reach out to the Company at
investors@progressiveplanet.com or by phone at 1 (800) 910 3072 to
request copies of the Materials be delivered directly to them via
email.
The Company has satisfied all the conditions to
rely on, and is relying on, the exemption provided by the Blanket
Order from the requirement to send proxy-related materials to its
shareholders.
Registered shareholders can reach out to
Computershare at 1-800-564-6253 to request their individual control
numbers required to vote their proxy.
Registered shareholders should vote by telephone
or via the Internet as directed on the form of proxy no later than
48 hours (excluding Saturdays, Sundays and holidays) prior to the
Meeting. Beneficial owners can obtain a copy of the voting
instructions form from their intermediary.
ABOUT PROGRESSIVE PLANET SOLUTIONS
INC.
Progressive Planet, a CleanTech company based in Kamloops, British Columbia, is redefining
sustainability with our Products for a Healthy Planet™.
By leveraging owned mineral assets and recycled materials, we
develop patented and patent-pending innovations that promote a
healthier planet.
Our C-Quester™ Centre of Sustainable Solutions leads
advancements in low-carbon cement technologies, while our second
on-site lab focuses on sustainable solutions for agriculture and
animal care. Progressive Planet's products are proudly available in
over 10,000 retail locations across North
America. For more information, visit
progressiveplanet.com.
Progressive Planet provides regular information
for investors on its website:
www.progressiveplanet.com/investors/. This includes press releases
and other information about financial performance, patents filed,
and information on corporate governance. For further information or
investor relations inquiries, please contact:
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this release.
Forward-looking Information
Certain statements in this release are
forward-looking statements, which reflect the expectations of
management regarding the NCIB and purchases thereunder and the
effects of repurchases. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Such statements are subject to risks and uncertainties that
may cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. In particular, purchases made under
the NCIB are not guaranteed and may be suspended at the discretion
of the Company. These forward-looking statements reflect
management's current views and are based on certain expectations,
estimates and assumptions which may prove to be incorrect. A number
of risks and uncertainties could cause our actual results to differ
materially from those expressed or implied by the forward-looking
statements, including factors beyond the Company's control. These
forward-looking statements are made as of the date of this news
release.
Disclaimer:
This news release, required by Canadian laws, does not
constitute an offer of securities and is not for distribution or
dissemination outside Canada.
SOURCE Progressive Planet Solutions Inc.
