Maple Power Capital Corporation
TSX VENTURE : MPX.P

May 15, 2015 11:41 ET

Maple Power Capital Corporation Announces Shareholder Approval of Qualifying Transaction Matters

TORONTO, ONTARIO--(Marketwired - May 15, 2015) -

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Maple Power Capital Corporation (TSX VENTURE:MPX.P) (the "Company"), a TSX Venture Exchange listed Capital Pool Company, is pleased to announce that its shareholders approved all resolutions brought before them at the Company's Annual and Special Meeting of Shareholders (the "Meeting") held in Toronto on May 14, 2015, including the approval of all matters relating to its proposed merger transaction (the "Merger Transaction") with Intrinsic4D LLC ("Intrinsic4D"). The Merger Transaction is intended to constitute the Company's "qualifying transaction" pursuant to the policies of the TSX Venture Exchange (the "TSXV").

The matters approved at the Meeting include the following:

1. election of To-Hon Lam, David Mitchell, David Brown, Jessica Jingjie Zhang, Allan Siu Kin Fok, Derek S.K. Ng and Raymond Siu Cheong Lai as directors of the Company to hold office until the earlier of the close of the next annual meeting of shareholders of the Company or the closing of the Merger Transaction;
2. setting the number of directors of the Company immediately following completion of the Merger Transaction at six (6) directors and the election of Jorey Chernett, John Banta, Sandy Kronenberg, Mark Klopp, David Mitchell and Chris Schnarr as the directors of the Company, to hold office from the closing of the Merger Transaction until the next annual meeting of the shareholders of the Company;
3. reappointment of Collins Barrow Toronto LLP as auditors of the Company, to hold office until the next annual meeting of the shareholders of the Company or until the closing of the Merger Transaction is completed, and the appointment of MNP LLP as auditors of the Company to hold office from the closing of the Merger Transaction until the next annual meeting of shareholders of the Company;
4. approval of a new stock option plan of the Company to take effect upon the closing of the Merger Transaction;
5. consolidation of the Company's share capital on the basis of four pre-consolidation shares of the Company for every one post-consolidation share; and the change of the name of the Company to "Intrinsic4D Inc." to take effect upon the closing of the Merger Transaction; and
6. amending the authorized share structure of the Company to create a new class of unlimited "Class B Restricted Voting Shares" and to re-designate the common shares of the Company as "Voting Common Shares", each to take effect upon the closing of the Merger Transaction.

More specific details of the matters approved at the Meeting are set forth in a management information circular of the Company dated April 14, 2015 and posted on the System for Electronic Data Analysis and Retrieval (SEDAR) at www.sedar.com.

In connection with the Merger Transaction and pursuant to TSXV requirements, the Company will file a filing statement on SEDAR, which will contain further details regarding the Transaction, the Company, Intrinsic4D and the resulting issuer. The Merger Transaction remains subject to the approval of the TSXV and satisfaction of closing conditions customary to transactions of this nature and there can be no assurance that the Merger Transaction will be completed as proposed or at all.

Neither the 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.

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