Cortex Announces Results of Annual and Special General Meeting
CALGARY, ALBERTA--(Marketwired - June 18, 2014) - Cortex Business Solutions Inc. (TSX VENTURE:CBX)(OTCQX:CTPNF), an enterprise e-Procurement solutions company, held its Annual and Special General Meeting on June 12, 2014 in Calgary, Alberta. The details of the resolutions passed at the meeting are included in the company's Management Information Circular which can be found on SEDAR.
At the Annual and Special General Meeting, the following resolutions were passed:
- Approval of the fiscal 2013 financial statements
- Approval of PricewaterhouseCoopers LLP as auditors for the upcoming July 31, 2014 fiscal year end
- Approval of the employee performance management program
- Approval of up the executive employment shares (incentive compensation) program
- Approval of the stock option plan
- Fix the number of board members at six
The elected six board members include:
- Randy Henderson
- Keith Powell
- Mark Ripplinger
- Grant Billing
- Scott Lamacraft
- Arthur Smith
In addition, the Company has set the board of directors and corporate secretary's annual compensation for the upcoming fiscal year ended July 31, 2015, which included the issuance of 2,150,000 stock options with a strike price equal to the closing price on June 17, 2014.
Approximately 29% of all issued and outstanding shares were represented at the Annual and Special General Meeting.
About Cortex Business Solutions
Cortex Business Solutions Inc. (TSX VENTURE:CBX)(OTCQX:CTPNF) is an enterprise e-Procurement solutions company that improves efficiencies, reduces costs and streamlines procurement and supply chain processes for its customers. Accessing the Cortex Network enhances the exchange of business critical documents, such as purchase orders, receipts and invoices, resulting in improved cash flow management and business controls, while reducing day's outstanding and administrative costs. Cortex is a low cost, low risk solution that can be implemented quickly by leveraging clients' existing business environment. For more information, please visit www.cortex.net .
Investor Relations Contacts:
Liolios Group, Inc.
Cody Slach or Greg Falesnik
1-949-574-3860
CBX@Liolios.com
Brisco Capital Partners
Scott Koyich
1-403-215-5979
skoyich@briscocapital.com
