Nass Valley Gateway approves Special Resolution
Richmond, BC, Canada – April 5, 2017
Nass Valley Gateway Ltd. (the “Company” or “Nass Valley”) wishes to announce that at its Special Meeting held on April 4, 2017 (the “Meeting”) the Company’s shareholders passed a special resolution approving an amendment to the Company’s Articles to allow for the creation and issuance of convertible preference shares (the “Pref Shares”) to facilitate the acquisition of projects, including the acquisition of IXI Treasury Holdings Limited and future projects within the Clean-Tech industry. The special resolution was approved by 100% of the shareholders present in person or by proxy at the Meeting.
The Pref Shares will have no maximum number, no par value, and will have no voting rights, but the holders may request to attend any meeting of the shareholders. The Pref Shares will be convertible into common shares of the Company at a conversion ratio defined within a duly executed and by the Board of Directors approved acquisition agreement.
We seek Safe Harbor.
For further information please contact:
Dieter Peter, President & CEO
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