PONTUS PROTEIN RECEIVES SHAREHOLDER APPROVAL FOR THE SALE OF THE AQUAPONICS SEGMENT AND APPOINTS ANDY WU AS CHIEF FINANCIAL OFFICER
VANCOUVER, BC, Jan. 3, 2023 /CNW/ – Pontus Protein Ltd. (TSXV: HULK) (OTCQB: HLKKF) (FSE: 8YC) (“Pontus” or the “Company“), further to its news releases of November 3, 2022 and December 3, 2022, is pleased to announce that it has received the approval of its shareholders at its annual and special meeting of shareholders held today (the “Meeting“) for, among other things, the sale of substantially all of the Company’s assets, more particularly all of those assets used in its aquaponics farming business (the “Aquaponics Segment“).
More than 98% of the shares represented at the Meeting voted in favour of the sale of the Aquaponics Segment to CEVAS Technology Inc. (“CEVAS“), pursuant to the asset purchase agreement dated November 3, 2022 between the Company and CEVAS (the “Transaction“). In addition to this, each incumbent director of the Company was re-elected to serve until the close of the next annual meeting.
Subject to the final approval of the TSX Venture Exchange, the Company intends to close the Transaction in January 2023.
In addition, the Company announces today that it has appointed Andy Wu as the Chief Financial Officer of the Company to replace Jason Ding. The Company would like to thank Jason Ding for his contribution to the Company.
This is our future – the future of farming; Pontus Protein Ltd. is a Vancouver-based agricultural food and technology company focused on creating and acquiring the best technology. Highly sophisticated, AI-engineered robots, combined with our proprietary vertical farming and a commitment to sustainability. Our intellectual property optimizes efficiency for a shorter growing time and high productivity. We deliver healthy, affordable foods and nutrients into every diet in a closed, controlled environment avoiding all pesticides and GMOs.
Pontus Protein is publicly traded in Canada (TSXV:HULK), the United States (OTCQB: HLKKF) and Germany (FSE: 8YC) and you can find out more on our SEDAR profile.
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This news release and other publicly available documents, including the documents incorporated herein and therein by reference, contain “forward-looking statements”. Forward-looking statements can be identified by words such as: “anticipate”, “intend”, “plan”, “goal”, “seek”, “believe”, “project”, “estimate”, “expect”, “strategy”, “future”, “likely”, “may”, “should”, “will”, and the negative of these terms, and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding the amount of funds available to Pontus on the completion of the Transaction, the expected or intended use of any such funds and the future growth of the Aquaponics Segment, may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the company.
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SOURCE Pontus Protein Ltd.
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