VANCOUVER, BC, Aug. 25,
2022 /CNW/ - LQwD Fintech Corp. (TSXV: LQWD) (OTC:
LQWDF) is pleased to announce the results from its 2022 annual
general meeting of shareholders (the "Meeting") held on
August 24, 2022. Shareholders voted
as follows on the matters before the Meeting.
Election of Directors
All four (4) of the nominees listed in LQwD's management
information circular dated July 27,
2022, that were proposed by management for election to the
board of directors at the Meeting were duly elected. The directors
will remain in office until the next annual meeting of the
Company's shareholders or until their successors are elected or
appointed.
The results of the vote on the election of the directors at the
Meeting are as follows:
Nominee
|
For
|
% For
|
Withheld
|
%
Withheld
|
Shone Anstey
|
11,733,717
|
99.76
|
27,854
|
0.24
|
Giuseppe (Pino)
Perone
|
11,733,709
|
99.76
|
27,862
|
0.24
|
Kim Evans
|
11,740,189
|
99.82
|
21,382
|
0.18
|
Ashley
Garnot
|
11,724,649
|
99.69
|
36,922
|
0.31
|
Appointment of Auditors
Shareholders appointed Kingston Ross Pasnak LLP as auditor of
the Company for the upcoming year and authorized the directors of
the Company to fix the remuneration of the auditor.
Approval of Stock Option
Plan
The Company's incentive stock option plan, and amendments
thereto, were approved by shareholders with 99.78% of shares
represented at the Meeting voting in favour.
About LQwD
LQwD is a Lightning Network Service Provider (LSP) focused on
developing payment infrastructure and solutions accelerating the
global mega trend of Bitcoin adoption through the Lightning
Network. The Company's mission is to develop institutional grade
services that support the Lightning Network and drive improved
functionality, transaction capability, user adoption and utility
and scaling Bitcoin. LQwD also holds Bitcoin that is used as an
operating asset establishing nodes and payment channels on the
Lightning Network.
Forward-Looking
Statements
This news release contains "forward-looking information"
within the meaning of applicable securities laws relating to the
Company's business plans and the outlook of the Company's industry.
Although the Company believes, considering the experience of its
officers and directors, current conditions and expected future
developments and other factors that have been considered
appropriate, that the expectations reflected in this
forward-looking information are reasonable, undue reliance should
not be placed on them because the Company can give no assurance
that they will prove to be correct. Actual results and developments
may differ materially from those contemplated by these statements.
The statements in this press release are made as of the date of
this release and the Company assumes no responsibility to update
them or revise them to reflect new events or circumstances other
than as required by applicable securities laws.
Neither the 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.
SOURCE LQwD FinTech Corp.