Genesis Acquisition Corp. announces the results of the annual and special meeting of shareholders
// NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE OR BROADCAST SERVICES IN UNITED STATES//
KELOWNA, BC, September 29, 2021 / CNW / – Genesis Acquisition Culture. (“Genesis“or the”Society“) (TSXV: REBL.P), a capital pool company in accordance with policy 2.4 (the”CPC Policy“) of the TSX Venture Exchange (the”To exchange“), is pleased to announce that all matters submitted for the approval of the shareholders, as set out in detail in the management information circular of the Company dated August 13, 2021 (the “Circular“), were approved at the annual and special meeting of shareholders of the Company held on September 21, 2021.
Among other things, and in accordance with CPC policy, the disinterested shareholders of the Company voted in favor of: (i) the removal of the consequences associated with failure to complete a qualifying transaction (as defined in the CPC policy) within 24 months following the Company’s Registration Date; and (ii) certain amendments to the Company’s Escrow Agreement, all as more particularly set out in the Circular (collectively, the “Resolutions of disinterested shareholders“).
The approval of the resolutions of disinterested shareholders has been requested so that the Company aligns some of its policies with the changes made to the CPC policy introduced by the Bourse on January 1, 2021. Each of the resolutions of disinterested shareholders has been approved by the shareholders of the Company, excluding the votes held by arm’s length parties (as that term is defined in Exchange Policy 1.1) and holders of shares. boot actions (as that term is defined in exchange policy 1.1).
About Genesis Acquisition Crop.
Genesis is a private equity firm in accordance with Exchange Policy 2.4 (trade symbol: âREBL.Pâ). Genesis does not engage in any active business activity other than reviewing potential transactions that would be considered qualifying Genesis transactions.
FROM FROM THE ADMINISTRATION BOARD :
President, CEO and Director
E-mail: [emailÂ protected]
Nor the TSX Business Neither the 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 press release..
SOURCE Genesis Acquisition Corp.