Calgary, Canada — April 8, 2020 — Blackline Safety Corp. ("Blackline" or the "Company") (TSXV: BLN) announces that its shareholders approved all matters submitted by the Company for consideration at its annual and special meeting of shareholders held on yesterday, April 7, 2020 (“AGM” or the “Meeting”).
“Amid the COVID-19 pandemic and the need for social distancing, I am pleased to share that we had the highest percentage of outstanding shares vote on the resolutions at our AGM in over ten years,” said Cody Slater, CEO and Chairman for Blackline Safety. “With over 77.6% of outstanding shares casting votes, shareholder engagement was very strong and all resolutions were passed by our shareholders.”
Due to the special circumstances arising from the global COVID-19 pandemic, and following guidance of local health authorities for social distancing, Blackline encouraged shareholders to vote in advance of the AGM using the instructions provided in the Notice of Meeting and Management Informational Circular and Proxy Statement. At the Meeting, Blackline’s shareholders:
Elected each of Cody Slater, Robert Herdman, Michael Hayduk, Brad Gilewich and Dr. John Finbow as directors of the Company
Appointed PricewaterhouseCoopers LLP, Chartered Accountants, as the Company’s auditors
Re-approved the Company's stock option plan
Approved the Company’s advance notice by-law
Blackline intends to host an open house at a convenient time when the international COVID-19 crisis has subsided, allowing shareholders to meet our teams, see its new G7 EXO area gas monitor and tour its headquarters and manufacturing facility in Calgary.