FREDERICTON, New Brunswick, July 30, 2018 (GLOBE NEWSWIRE) -- Trius Investments Inc. (“Trius” or the “Company”) (TSXV:TRU) is pleased to announce the results of its annual and special meeting of shareholders (the “Meeting”) held on July 30, 2018.
Shareholders voted in favour of all items of business, including setting the size of the board of directors (the “Board”) at four members and re-electing each of the directors nominated by management, namely Joel Freudman, Damian Lopez, Peter K. Deacon, and Yousuf Soliman.
The other items put forth at the Meeting were also approved, namely:
- re-appointing the Company’s auditors, Daye Kelly & Associates;
- re-approving the Company’s stock option plan;
- approving the sale of the Company’s wholly-owned subsidiary, TRU Investments LLC (the “Sale”);
- authorizing the Board to implement a consolidation of the Company’s common shares on up to a 5:1 (pre-consolidation: post-consolidation) basis, at the Board’s discretion;
- authorizing the Board to change the Company’s name to “Trius Technologies & Life Sciences Inc.” or another appropriate name, at the Board’s discretion; and
- authorizing the amendment of the Company’s articles to permit shareholder meetings to be held anywhere in Canada, which amendment remains subject to approval by the TSX Venture Exchange.
Separately, the Company notes that its President and Chief Executive Officer, Joel Freudman, was recently interviewed by the MoneyGeek investing blog. Shareholders and others interested in learning more about Trius’ recent corporate history, the Sale, and Trius’ future plans can read the interview at http://www.moneygeek.ca/weblog/AU/. Additional information about the Sale is available in the Company’s press release of May 30, 2018, and the management information circular of the Company dated June 25, 2018, delivered in connection with the Meeting.
About Trius Investments Inc.
Trius is an Investment issuer that currently owns interests in several real estate investments in the United States. Trius’ common shares trade on the TSX Venture Exchange under the symbol “TRU”.
For further information, please contact:
Joel Freudman
President and Chief Executive Officer
Trius Investments Inc.
Telephone: (647) 880-6414
Cautionary Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release contains certain forward-looking statements, including statements regarding potential corporate actions and regulatory approvals. These statements are based on numerous assumptions believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties described in the Company’s most recent management discussion and analysis. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf, except as required by applicable law.
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