Chemesis Calls Annual General And Special Shareholders Meeting
Chemesis, Inc.
(CSE: CSI) (OTC: CADMF) (FRA:CWAA)
CHEMESIS CALLS ANNUAL GENERAL AND SPECIAL SHAREHOLDERS MEETING
January 2, 2018
Vancouver, BC – Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the “Company” or
“Chemesis”), has set an Annual General and Special Meeting of Shareholders to be held on Wednesday,
January 9, 2019 (the “Meeting”).
The purposes of the Meeting are to: (i ) receive and consider the audited financial statements of the
Company for the fiscal year ended June 30, 2018, and the Auditor’s Report thereon; (ii) appoint Davidson
& Company LLP, Chartered Professional Accountants, as the Company’s auditor for the ensuing year (such
matter to be raised from the floor of the Meeting); (iii) set the number of directors for the ensuing year
at four; (iv) elect directors of the Company to hold office for the ensuing year; (v) re -approve the
Company’s stock option plan; and (vi) consider and approve a special resolution (the “Arrangement
Resolution”) approving a plan of arrangement under section 288 of the Business Corporations Act (British
Columbia) involving the Company and IMC International Mining Corp. (“IMC”), as further described in the
Company’s news release dated December 20, 2018 (the “Arrangement”) and in the Company’s
information circular dated December 11, 2018.
The Board of Directors of the Company unanimously approved the Arrangement and recommend that
shareholders approve same. Notwithstanding that the Arrangement is exempt from the majority of
minority shareholder approval requirements under Multilateral Instrument 61 -101 – Protection of
Minority Security Holders in Special Transactions on the basis that the fair market value of the transaction
is below 25% of the Company’s market capitalization, the Company has decided, in the interest of good
governance, to seek minority approval for the Arrangement by excluding the Company’s directors,
executive officers and shareholders holding over 10% of the Company’s issued and outstanding common
shares from voting on the Arrangement Resolution.
The Arrangement is subject to final court approval, as well as approval by not less than two -thirds of the
votes cast at the Meeting. Chemesis has now sent out the meeting material to shareholders, including the
Notice of Annual General and Special Meeting of Shareholders and Management Information Circular.
Copies have been filed and are available on SEDAR.
The Company intends to apply for a listing of the common shares of IMC on the Canadian Securities
Exchange (“CSE”). Any such listing will be subject to IMC fulfilling all of the requirements of the CSE.
On Behalf of The Board of Directors
Edgar Montero
CEO and Director
About Chemesis International Inc.
Chemesis, Inc.
(CSE: CSI) (OTC: CADMF) (FRA:CWAA)
Chemesis International Inc. is a vertically integrated global leader in the cannabis industry, currently
operating within California, Puerto Rico, and finalizing an acquisition in Colombia.
Chemesis is developing a strong foothold in key markets, from cultivation, to manufacturing, distribution
and retail. Chemesis has facilities in both Puerto Rico and California, allowing for cost effective production
and distribution of its products. In addition, Chemesis leverages exclusiv e brands and partnerships and
uses the highest quality extraction methods to provide consumers with quality cannabis products.
Chemesis will add shareholder value by exploring opportunities in emerging markets while consistently
delivering quality product to its consumers from seed to sale.
Investor Relations:
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Forward-Looking Information: This news release contains "forward -looking information" within the meaning of
applicable securities laws relating to statements regarding the Company's busines s, products and future of the
Company’s business, its product offerings and plans for sales and marketing, including finalizing an acquisition in
Colombia. Although the Company believes that the expectations reflected in the forward -looking information are
reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to
place undue reliance on forward -looking information. Such forward -looking statements are subject to risks and
uncertainties that may cause actual results, performance and developments to differ materially from those
contemplated by these statements depending on, among other things, the risks that the Company's products and
plan will vary from those stated in this news release and the Company may not be able to carry out its business plans
as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update
any forward-looking statements or forward-looking information in this news release. Although the Company believes
that the expectations reflected in the forward -looking information are reasonable, there can be no assurance that
such expectations will prove to be correct and makes no reference to profitability based on sales reported. The
statements in this news release are made as of the date of this release.
The CSE has not reviewed, approved or disapproved the content of this press release