Meeting pending resolution of a number of outstanding issues. The former auditors for the Company, Wasserman Ramsay, Chartered Professional Accountants, had been the auditors for the Company since 2010. After completing the
Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax (416) 865-6636
Big Tree Schedules Annual Meeting for November 1, 2024 and Provides Update
NEWS RELEASE FOR IMMEDIATE RELEASE
September 24, 2024 TSXV Symbol: BIGT
Toronto, Ontario, September 24, 2024 – Big Tree Carbon Inc. (the “Company” or “Big Tree”)
(TSXV:BIGT) wishes to announce that it has scheduled its Annual General and Special Meeting
of Shareholders (the “Meeting”) for November 1, 2024. The Company delayed the calling of the
Meeting pending resolution of a number of outstanding issues.
The former auditors for the Company, Wasserman Ramsay, Chartered Professional Accountants,
had been the auditors for the Company since 2010. After completing the December 31, 2023 audit,
the former auditors advised that they were exiting the public company audit field. The Company
needed to find a replacement auditor and has now appointed McGovern Hurley LLP as auditors
for the Company, subject to shareholder ratification.
Further to the Company’s press release dated March 26, 2024, believing that the stewardship of
biodiversity in an Indigenous traditional territory rightfully belongs in the hands of those
Indigenous groups, Big Tree has proposed to vend the Nanaverse platform and all associated
developments to an interested First Nations group for final development and roll-out, with the
Company retaining a royalty interest in the revenues generated by the Nanaverse platform.
Terms of this vending are in negotiation and the sale is pending.
The Company announced a private placement on April 2, 2024 which was extended by press
releases dated May 17, 2024 and June 17, 2024. The private placement did not close and was
terminated.
The Company’s last annual meeting was held on April 19, 2022. The TSX Venture Exchange
requested that the Company call its annual meeting by August 30, 2024 and Big Tree requested an
extension until October 18, 2024 to deal with outstanding issues before proceeding with the
meeting. The Exchange approved the extension and the Company filed for a further extension to
November 1, 2024 pending resolution of the above-noted matters to which the Exchange agreed
subject to the issuance of this press release.
ABOUT BIG TREE CARBON INC.
Big Tree Carbon Inc. is an indigenous-led publicly-traded natural asset resource company focused
on developing Biodiversity Stewardship projects, based in Ontario, Canada.
P a g e 2
Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax (416) 865-6636
FOR FURTHER INFORMATION PLEASE CONTACT:
Big Tree Carbon Inc.
Christopher Angeconeb Ian Brodie-Brown
President and C.E.O. Director of Business Development
(807) 737-5353 (416) 844-9969
[email protected] [email protected]
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known
and unknown risks and uncertainties. Without limitation, statements regarding potential
mineralization and resources, exploration results, and future plans and objectives of the Company
are forward looking statements that involve various risks. The following are important factors that
could cause the Company’s actual results to differ materially from those expressed or implied by
such forward looking statements: changes in the world-wide price of mineral commodities, general
market conditions, risks inherent in mineral exploration, risks associated with development,
construction and mining operations, the uncertainty of future profitability and the uncertainty of
access to additional capital. There can be no assurance that forward-looking statements will prove
to be accurate as actual results and future events may differ materially from those anticipated in
such statements. Big Tree undertakes no obligation to update such forward-looking statements if
circumstances or management’s estimates or opinions should change. The reader is cautioned not
to place undue reliance on such forward-looking statements.
Neither TSX Venture 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 release.