Leading Brands, Inc. Announces Change in Board of Directors
July 19 2018 - 9:00AM
Leading Brands, Inc. (NASDAQ:LBIX) (the
“
Company”) announces that on July 18, 2018,
Charles Brezer was appointed as a director to fill the current
vacancy in the board of directors of the Company. Mr. Brezer
is also a director of Liquid Media Group Ltd.
(“
Liquid”). Following the appointment of Mr.
Brezer, the other directors, Ralph McRae, Thomas Gaglardi, Darryl
Eddy and James Corbett, tendered their resignations. Mr.
McRae has also tendered his resignation as President and CEO of the
Company.
The adjourned special meeting of shareholders of
the Company will reconvene at 10 a.m. (Vancouver time) on Monday,
July 23, 2018 to consider the previously announced plan of
arrangement transaction (the “Arrangement”) with
Liquid.
The other transaction steps contemplated in the
Arrangement pertaining to the departing directors have now been
completed. Please refer to the joint information circular of
the Company and Liquid dated June 8, 2018 for reference to the
transaction steps contemplated in the Arrangement.
Forward Looking Statements
Certain information contained in this press
release includes forward-looking statements, including information
concerning the Arrangement. Words such as "believe", "expect,"
"will," or comparable terms, are intended to identify
forward-looking statements concerning the Company’s expectations,
beliefs, intentions, plans, objectives, future events or
performance and other developments. All forward-looking statements
included in this press release are based on information available
to the Company on the date hereof. Such statements speak only as of
the date hereof. Important factors that could cause actual results
to differ materially from the Company’s estimations and projections
are disclosed in the Company’s securities filings and include, but
are not limited to, the following: general economic conditions,
failure to obtain regulatory or shareholder approval and/or
satisfaction of conditions pursuant to the Arrangement, economic
uncertainties (including currency exchange rates), government
regulation, managing and maintaining growth, the effect of adverse
publicity, litigation, competition and other risk factors described
from time to time in securities reports filed by Leading Brands,
Inc. There can be no assurance that the Arrangement will be
completed as proposed or at all. For all such forward-looking
statements, we claim the safe harbor for forward looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995.
CONTACT:Leading Brands, Inc.Email:
info@LBIX.com
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