Mr. Trevor Treweeke
reports
DEPARTURE BAY CAPITAL CORP. REPORTS 2023 AGM RESULTS
All matters submitted to
the shareholders for approval as set out in Departure Bay Capital Corp.'s notice of meeting and management information
circular dated July 13, 2023, were approved by the requisite majority of votes cast at the annual general and
special meeting of shareholders held on Aug. 10, 2023. At the meeting, the company's
shareholders: (i) re-elected all of the company's current directors; (ii) approved the reappointment of the
company's current auditor, Crowe Mackay LLP; (iii) approved and authorized the board of directors to fix
the remuneration of the auditor; and (iv) approved the adoption of the company's new amended and restated
10-per-cent rolling stock option plan in accordance with the requirements of the TSX Venture
Exchange. A comprehensive summary of the plan was included in the management
information circular published on SEDAR+.
About Departure Bay Capital Corp.
Departure Bay is a capital pool company within the meaning of the policies of the exchange that has not commenced
commercial operations and has no assets other than cash. Except as specifically contemplated in Policy 2.4 of
the exchange corporate finance manual, until the completion of its qualifying transaction (as defined in the
policies of the exchange), the company will not carry on business other than the identification and evaluation
of companies, business or assets with a view to completing a proposed qualifying transaction.
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