Capitalight Announces Results of 2020 Annual and Special Meeting of Shareholders and the Appointment of Officers
Capitalight Announces Results of 2020 Annual and Special Meeting of
Shareholders and the Appointment of Officers
NEWS RELEASE – TORONTO, November 19, 2020
IC Capitalight Corp. (CSE: IC) (“Capitalight” or “the Company”), is pleased to announce the results of
the Annual and Special Meeting of Shareholders (the “Meeting”) held in Toronto, Ontario, Canada on
November 19, 2020.
As of the October 13, 2020, the record date for the Meeting, there were 85,580,770 common shares of the
Company outstanding and entitled to vote at the Meeting. Of this amount, there were 45,593,576 common
shares (53.3%) represented in person or by proxy at the Meeting.
The final voting results of the Meeting are set out below:
(1) Election of Directors. Each of the nominees were elected as directors and will serve and hold office
until the next annual meeting of shareholders, unless they cease to hold office. The following table
sets forth the vote of the shareholders at the Annual Meeting with respect to the election of directors:
Nominee For Withheld
Brian Bosse 99.9% 0.1%
Marc Johnson 99.9% 0.1%
Bryan Loree 99.9% 0.1%
Douglas MacQuarrie 99.9% 0.1%
Veronika Hirsch 99.9% 0.1%
(2) Appointment of Auditors. The Company’s shareholders approved that MNP LLP, Chartered
Professional Accountants be appointed auditors of the Company to hold office until the close of the
next annual meeting of shareholders of the Company at such remuneration as may be fixed by the
directors of the Company and the directors be and they are hereby authorized to fix such
remuneration. The following table sets forth the vote of the shareholders at the Annual Meeting with
respect to the appointment of MNP LLP:
For Withheld
99.9% 0.1%
(3) Approval of the Omnibus Long-Term Incentive Plan. The Company’s shareholders approved that the
Omnibus Plan as set out in the Circular be and is hereby approved; that the Company be and is
hereby authorized to grant Awards to acquire up to 10% of the issued and outstanding common
shares in the capital of the Company from time to time in accordance with the terms of the Omnibus
Plan; and that any one director or officer of the Company be and is hereby authorized, for and on
behalf of the Company, to execute and deliver all documents and do all things as such person may
determine to be necessary or advisable to give effect to this resolution, the execution of any such
document or the doing of any such other act or thing being conclusive evidence of such
determination.. The following table sets forth the vote of the shareholders at the Annual Meeting with
respect to the approval of the Omnibus Long-Term Incentive Plan:
For Against
99.6% 0.4 %
ABOUT IC CAPITALIGHT CORP.
The Company operates as a merchant bank that pursues value -based investment opportunities in
accordance with its internal investment policies. The securities investment portfolio, consisting primarily of
Stone Debentures, is generating positive cash flows on a quarterly basis. The Murenbeeld subsidiary, which
operates a proprietary subscription research business focused on the gold and silver sectors and on
Canadian preferred shares, is generating recurring revenues. The portfolio of mineral exploration properties,
consisting of the Blue Lake Cu-Ni-Pt-Pd and Ashuanipi Gold properties, are at an early stage of exploration.
To learn more about the Company please visit http://www.capitalight.co, call 866.653.9223 or email