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Aphelion shareholders OK all matters at Dec. 14 meeting

2021-12-14 15:06 ET - News Release

Mr. Seth Kay reports

APHELION ANNOUNCES SPECIAL MEETING RESULTS AND SHARE SPLIT

In connection with Aphelion Capital Corp.'s qualifying transaction with Edge Technologies Inc., shareholders of the company approved all matters presented at the company's special meeting of shareholders held on Dec. 14, 2021, by the requisite majorities as set out in the company's information circular dated Nov. 5, 2021. A total of 3,617,000 common shares of the company, representing approximately 90.38 per cent of the company's issued and outstanding common shares as at the record date, were voted.

At the meeting, shareholders passed special resolutions related to the following, all as further set out in the circular:

  • The approval of alterations to the special rights and restrictions to be attached to the subordinate voting shares and the preferred multiple voting shares of the company to be created in connection with the qualifying transaction of the company with, inter alia, Edge Technologies;
  • The approval of the new share split;
  • The approval of certain amendments to the constating documents of the company to alter the approval requirements with respect to certain alterations to the company.

The circular was mailed to the shareholders of the company and is available under the company's corporate profile on SEDAR.

Share split

Further to the circular and the news releases of the company dated Nov. 29, 2021, and Nov. 15, 2021, the company has set the record date for the split of its common shares on the basis of two postsplit common shares for one presplit common share at the close of business on Dec. 14, 2021. The split will be effected on Dec. 15, 2021, and, subject to adjustments, the company expects there to be 8,004,000 postsplit common shares issued and outstanding. The common shares of the company will continue to remain halted until the company's qualifying transaction has been effected and received final approval from the TSX Venture Exchange.

About Aphelion Capital Corp.

The company was incorporated under the Business Corporations Act (British Columbia) on Jan. 10, 2019, and is a capital pool company (as defined in the policies of the TSX-V) listed on the exchange. The company has no commercial operations and no assets, other than cash.

We seek Safe Harbor.

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