(Toronto: January 24, 2018) Quantum International Income Corp. ("Quantum" or the "Corporation") (TSXV:QIC) is pleased to announce (i) the results of its annual and special meeting of shareholders held on January 23, 2018 (the "Meeting"), and (ii) certain other corporate updates.
Election of Directors
All of the nominees proposed as directors of the Corporation were duly re-elected at the Meeting. As such, the following individuals have been re-elected to serve as directors of the Corporation for the ensuing year: Mr. Chad Williams (Chair), Mr. Manu K. Sekhri, Ms. Sheila Ogilvie-Harris, Mr. Peter Shippen and Mr. Mark Lerohl.
Appointment of Auditors
RSM Canada LLP was duly re-elected at the Meeting as the auditors of the Corporation to hold office for the ensuing year, and the board of directors of the Corporation was authorized to fix their remuneration.
Stock Option Plan
The stock option plan of the Corporation was duly re-approved at the Meeting.
The Corporation also wishes to announce that it has entered into agreements with (i) Beacon Securities Limited in relation to capital markets advisory services, and (ii) Oceans Asset Advisors Inc. (the "IR Service Provider") in relation to investor relations services. On January 11, 2018, the Corporation entered into an investor outreach and marketing agreement (the "IR Agreement") with the IR Service Provider pursuant to which the IR Service Provider will provide investor outreach and marketing services to the Corporation in exchange for a fee of $5,000 per month (plus applicable taxes and out-of-pocket expenses), which will be funded by the Corporation from cash on hand. The IR Agreement has a six-month term and will continue thereafter on a month-to-month basis, pending cancellation by written notification, for a term not to exceed 18 months. The Corporation and the IR Service Provider (including their respective affiliates and associates) are arm's length parties. Robert L. Wilson is the President of the IR Service Provider. Mr. Wilson does not have any interest, direct or indirect, in the Corporation or any securities of the Corporation, nor any right or present intent to acquire such an interest. Mr. Wilson may, however, from time to time, purchase securities of the Corporation. For greater certainty, the IR Service Provider will not be engaging in market-making arrangements in respect of the Corporation.
About Quantum International Income Corp.
The Corporation seeks opportunities to acquire and grow businesses in order to generate stable distributions for its shareholders, along with capital appreciation. The Corporation seeks to acquire operating businesses with a proven track record, an opportunity for growth and whose management wishes to continue to operate the business going forward. The Corporation’s investment approach is to grow through the acquisition of “platform” businesses that are consistent with its business strategy and acquisition criteria and then to continue to build revenues and earnings within these businesses. Potential acquisition targets may be private or public companies in a variety of industries. Acquisition of all or a majority of the ownership of each such business is preferred. Value will be created by seeking out high growth, high margin opportunities where the acquired businesses can maintain and develop the deep knowledge, expertise and understanding of their customers’ needs required to deliver superior service and command higher pricing and margins than the competition.
More information on Quantum is available at www.quantumincomecorp.com.
|For further information please contact Quantum:
Tel. (416) 477-3419
Tel. (416) 477-3411
Neither 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.
Cautionary Statement Regarding Forward-Looking Information
This release contains certain information which, as presented, constitutes “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information involves statements that relate to future events and often addresses expected future business and financial performance, containing words such as “expect” and “intend”, statements that an action or event “may” or “will” be taken or occur, or other similar expressions. These statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Corporation to control or predict, and which may cause Quantum’s actual results, performance or achievements to be materially different from those expressed or implied thereby, including, but not limited to, risks related to the inability by Quantum to complete the Acquisition, as well as other factors discussed in the Corporation’s annual information form dated July 23, 2015, (the “Annual Information Form”) which is available on SEDAR under Quantum’s profile at www.sedar.com. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, in the Annual Information Form, and as otherwise disclosed from time to time on SEDAR under Quantum’s profile at www.sedar.com.
Unless otherwise specified in this release, information contained in this release is current as of the date of this release. Unless otherwise specified, all dollar amounts herein refer to Canadian dollars. The Corporation undertakes no obligation to update forward-looking statements except as may be required by applicable Canadian securities laws. Readers are cautioned against attributing undue certainty to forward-looking statements.