HeliosX Announces Voting Results from 2022 AGM
CALGARY, ALBERTA, June 28, 2022 - HeliosX Lithium & Technologies Corp. ("HeliosX" or the “Company”) (TSXV: HX) (OTCQB: HXLTF) (FSE: C2U0) is pleased to announce the voting results from the Company’s annual general meeting of shareholders held in Calgary, Alberta on June 24, 2022 (the “2022 AGM”).
Voting Results
A total of 22,322,828 common shares of HeliosX were voted at the 2022 AGM, representing 61.61% of the Company's outstanding common shares as at the record date of May 10, 2022. Shareholders voted in favour of all matters brought before the meeting. All five director nominees listed in the Company's management information circular dated May 11, 2022 (the "Circular") were elected as follows:
Number of Directors
Shareholders approved the number of directors of the Company for the ensuing year at five (5).
Outcome of the Vote Votes For % For Votes Withheld % Withheld Carried 22,321,429 99.994% 1,399 0.006%
Election of Directors
The following five individuals nominated to serve on the Company’s board of directors (the “Board”) were approved by shareholders as follows:
| Director Nominee | Votes For | % For | Votes Withheld | % Withheld | |
|---|---|---|---|---|---|
| Christopher Brown | 22,315,321 | 99.966% | 7,507 | 0.034% | |
| Sameer Uplenchwar | 22,315,221 | 99.966% | 7,607 | 0.034% | |
| Brian Findlay | 22,071,390 | 98.874% | 251,438 | 1.126% | |
| Frank Busch | 22,318,934 | 99.983% | 3,894 | 0.017% | |
| Robert Verhelst | 22,192,934 | 98.418% | 129,894 | 0.582% | |
| Outcome of the Vote | Votes For | % For | Votes Withheld | % Withheld | |
| Carried | 22,322,234 | 99.997% | 594 | 0.003% |
| Appointment of Auditor | |||
| Shareholders approved the re-appointment of | DeVisser Gray LLP, Chartered Accountants, as the | ||
| Company’s auditor and independent | registered public accounting firm and the authorization of the | ||
| Company's board of directors to fix | their remuneration and terms of engagement as follows: |
Approval of 10% Rolling Stock Option Plan
The majority of minority Shareholders (the “Disinterested Shareholders”) approved the Company's 2022 Stock Option Plan as follows:
Outcome of the Vote Votes For % For Votes Against % Against Total Voted 22,322,828 Carried 22,270,445 99.765% 52,383 0.235% Less Votes by 4,948,664 Interested Parties Total Disinterested 17,374,164 17,321,781 98.699% 52,383 0.301% Shareholder Vote
Approval of 10% Restricted Stock Unit Plan
The Disinterested Shareholders approved the Company's 2022 Restricted Share Unit Plan as follows:
Outcome of the Vote Votes For % For Votes Against % Against Total Voted Carried 22,138,621 99.175% 184,207 0.825% 22,322,828 Less Votes by 4,948,664 Interested Parties Total Disinterested 17,374,164 17,189,957 98,940% 184,207 1.060% Shareholder Vote
| Approval of Future Private Placements | |||
| Shareholders authorized the | Company to enter into one or more distributions of securities up to a | ||
| maximum of 20% of the number of the Company’s outstanding shares | in | the ensuing 12-month period, | |
| as follows: |
Outcome of the Vote Votes For % For Votes Against % Against Carried 21,178,970 98.67% 143,858 0.644%
Approval of Extension of Warrant Exercise Date
The Disinterested Shareholders approved the term extension of expiry date of 10,080,000 Warrants to August 5, 2026 as follows:
\ Outcome of the Vote Votes For % For Votes Against % Against Total Voted Carried 22,257,833 99.709% 64,995 0.291% 22,322,828 Less Votes by 4,948,664 Interested Parties Total Disinterested 17,374,164 17,309,169 99.626% 64,995 0.374% Shareholder Vote
Detailed voting results for the meeting are available on SEDAR at www.sedar.com.
About HeliosX
HeliosX is an integrated lithium exploration company, incorporating the latest in direct lithium extraction ("DLE") technologies, to unlock potential commercial opportunities in Alberta (Canada), Nevada (USA) and Jujuy (Argentina). The Company holds over 560,000 lithium brine acres across three prospective lithium jurisdictions, providing potential exposure to multiple lithium brine play types. The company has selected specific DLE technologies which it believes will maximize potential lithium opportunities in each operational jurisdiction and continues to move forward with technical modeling and information gathering to better delineate the prospective lithium resources.
HELIOSX LITHIUM AND TECHNOLOGIES CORP.
(signed) "Christopher Brown"
Christopher Brown CEO
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.
For further information:
Brian Findlay- President Christopher Brown, P. Eng - CEO Telephone: (403) 975-1996 Email: [email protected]