Genius Properties Ltd.

Genius Properties Ltd.

July 06, 2015 23:11 ET

Genius Properties Ltd. Reports Results From Annual General and Special Meeting of the Shareholders

MONTREAL, QUEBEC--(Marketwired - July 6, 2015) - Genius Properties Ltd. (the "Corporation") (CSE:GNI) is pleased to announce the voting results from its annual general and special meeting of the shareholders (the "Meeting") held July 6, 2015, in Montreal, Quebec.

All matters put before shareholders at the Meeting were approved by at least 99.90% of the total shares represented at the meeting in person or by proxy, including (i) the re-election of Stéphane Leblanc, Guy Paul Allard and Patricia Lafontaine and the election of Denis Richard, Guy Chamberland and Daniel Simard, as directors of the Corporation, (ii) the reappointment of Raymond Chabot Grant Thornton LLP, Chartered Accountants, (iii) the approval and ratification of the new stock option plan of the Corporation, and (iv) the confirmation of By-Law 1-2015 requiring advance notice for director nominations, the whole as more fully set out in the as further detailed in the Corporation's management information circular, dated June 8, 2015.

A total of 39,875,534 common shares of the Corporation (representing approximately 62.79% of its outstanding common shares) were represented at the Meeting in person or by proxy.

About Genius

Genius is an international firm dedicated to building, buying, investing, and representing the next generation of brands. We focus on selecting and marketing brands that are innovative, eco-friendly, and/or are market disruptors. We only work with brands that have scalable revenue potential.

A Proven Team and Formula

  • Ensures systems are in place to conduct business
  • Provides the execution strategy for launching brands
  • Develops powerful presentations for launch of products
  • Creates marketing programs that are affordable but look like tier 1 companies
  • Build national and international sales teams to successfully launch products with great potential

This news release contains forward-looking information within the meaning of applicable Canadian securities laws. All information other than historical fact is forward-looking information. Forward-looking information relates to future events or future performance and is based on Genius' current internal expectations, estimates, projections, assumptions and beliefs. Forward-looking information is often, but not always, identified by the use of words such as "expect", "project", "proposed", "intend", "seek", "anticipate", "budget", "plan", "continue", "estimate", "forecast", "may", "will", "predict", "potential", "targeting", "could", "might", "should", "believe" and similar expressions. Although management considers the assumptions and estimates, reflected in forward-looking information, to be reasonable, based on information currently available, there can be no assurance that such information will prove to be correct. As a consequence, actual results may differ materially from those anticipated.

Undue reliance should not be placed on forward-looking information which is inherently uncertain, and subject to known and unknown risks and uncertainties (both general and specific) and other factors that contribute to the possibility that the future events or circumstances contemplated by the forward looking information will not occur or that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking information. These risks include, but are not limited to risks associated with general economic conditions, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future metal prices, financial risks and substantial capital requirements. Further information regarding certain of these risks (as well as risks relating generally to the Corporation's business) may be found under the headings "Risks and Uncertainties", "Forward-Looking Information" and "Financial risk factors" in the latest Corporation's Management's Discussion & Analysis on Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. The forward-looking statements contained in this news release are made as of the date hereof and Genius does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

The CSE has neither approved nor disapproved the contents of this press release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Denis Richard
    President & CEO
    (514) 824-5690