Cansortium Announces Filing of Supplement to its Management Information Circular and New Annual Meeting Date

CANNANNEW REPORT

Shareholders Must Recast their Votes to be Counted MIAMI, June 4, 2021 /CNW/ – Cansortium Inc. (“Cansortium” or the “Company“) (CSE: TIUM.U), (OTCQB: CNTMF) wishes to announce that its annual general and special meeting of shareholders will be held at 10:00 a.m. (Toronto Time) on June 30, 2021 (the “Meeting“), having been postponed from the initial meeting date of June 16, 2021.   The Company, in recognition of comments from certain shareholders, also wishes to announce that two additional nominees will be proposed for election as directors at the annual general and special meeting of shareholders now scheduled to be held on June 30, 2021, and its support for the election of Mr. John McKimm and Mr. Alex Spiro as directors of the Company.   The board of directors has now set the number of directors to be elected at six and the Company is proposing six nominees for election to the board of directors instead of five nominees, as Mr. Neal Hochberg has advised the Company that he will no longer stand for re-election. Mr. David Abrams, a director of the Company since 2018, had previously advised the Company that he would not stand for re-election at the end of his current term.  The six management proposed nominees are: incumbent directors Robert Beasley, Roger Daher and John McKimm, as well as new directors, Bill Smith, Mark Eckenrode and Alex Spiro.   Mr. John McKimm and Mr. Alex Spiro were not included in the management information circular dated May 17, 2021 (the “Circular“) or in the form of proxy or in the voting instruction form sent by the Company in connection with the Meeting, given that they were identified as nominees subsequent to the sending of such materials to shareholders. The Company will prepare and send to shareholders a supplement to the Circular (the “Supplement“), which will include the information required under applicable securities laws with respect to the two additional nominees and reflect the fact that Mr. Neal Hochberg will…

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Source : Cansortium Announces Filing of Supplement to its Management Information Circular and New Annual Meeting Date

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