TORONTO, Aug. 22, 2019 /CNW/ - Fountain Asset Corp. (FA:
TSXV) (the "Company") is pleased to announce that all
matters presented for approval at the Company's annual general and
special meeting (the "Meeting") of shareholders of the
Company held on August 22, 2019 were
approved.
All of the nominees listed in the Company's management
information circular dated July 23,
2019 (the "Circular") were elected as directors of
the Company until the next annual meeting of shareholders or until
their successors are elected or appointed.
The shareholders appointed MNP LLP as the Company's auditors and
authorized the directors to fix their remuneration.
The amended and restated stock option plan of the Company as
described in the Circular was approved by the shareholders at the
Meeting. The amendment provides the board with discretion to extend
the period during which optionees can exercise their options after
termination or resignation not due to cause or death to up to one
year.
Mr. Cesare Fazari did not stand
for re-election at the Meeting. Mr. Andrew
Parks, CEO of the Company, commented "I wanted to thank
Cesare for his contribution to the Company and wish him best of
luck on his new endeavors."
About Fountain Asset Corp.
Fountain Asset Corp. is a merchant bank which provides equity
financing, bridge loan services (asset back/collateralized
financing) and strategic financial consulting services to companies
across many industries such as marijuana, oil & gas, mining,
real estate, manufacturing, retail, financial services, blockchain
technology and biotechnology.
Neither TSX Venture Exchange Inc. 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 Fountain Asset Corp.