Goldstream Announces Results of Annual and Special Shareholder Meeting

April 15, 2020 11:00 AM EDT | Source: Bluma Wellness Inc.

Toronto, Ontario--(Newsfile Corp. - April 15, 2020) - Goldstream Minerals Inc. (TSXV: GSX.H) ("Goldstream" or the "Company") is pleased to announce that, at its recently completed annual and special shareholder meeting (the "Meeting") held on April 9, 2020, the Company's shareholders approved all resolutions presented to the Meeting.

At the Meeting, the shareholders of the Company were asked to consider and approve the following matters, some of which are in connection with the previously announced proposed business combination (the "Transaction") with CannCure Investments Inc., including: (i) electing the directors of the Company for the ensuing year, (ii) fixing the number of the directors of the Company at four (4) upon completion of the Transaction, (iii) electing a new board of directors to hold office following the completion of the Transaction, (iv) the appointment of the auditors of the Company, (v) amending the stock option plan of the Company, (vi) the adoption by the Company of a restricted share unit compensation plan, (vii) changing the name of the Company to "Bluma Wellness Inc.", (viii) the consolidation of the issued and outstanding common shares of the Company on a 16.07201:1 basis, (ix) the continuance of the Company out of the federal jurisdiction and into the provincial jurisdiction of British Columbia, and (x) the voluntary delisting of the common shares of the Company from the NEX board of the TSX Venture Exchange ("NEX").

Goldstream also announces that it has proceeded with the application to voluntarily delist its common shares from the NEX. It is anticipated that the common shares of the Company will be delisted from NEX at the close of business on April 24, 2020. Completion of the delisting from the NEX remains subject to the receipt of final approval from the TSX Venture Exchange.

About Goldstream

Goldstream Minerals Inc. is a mineral exploration company with no current activities or operations and is currently listed on the NEX Board of the TSX Venture Exchange.

For additional information on Goldstream:

For more information, please contact Goldstream at mgalloro@aloefinance.com.

On Behalf of the Board of Directors of Goldstream Minerals Inc.
Michael Galloro
Director

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.

Forward-Looking Statements

This press release contains "forward-looking information" within the meaning of applicable securities laws including statements regarding the Transaction and the completion of any matters approved at the Meeting including delisting from NEX. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative if these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may", or "will" happen, or by discussions of strategy. Forward-looking information is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While Goldstream considers these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond the respective companies' control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, but are not limited to: information concerning the Transaction; expectations on whether the Transaction will be consummated, including whether conditions to the consummation of the Transaction will be satisfied including obtaining receipt of all required regulatory approvals; the timing for completing the Transaction; the business plans and strategies of Goldstream, the inherent risks in investing in target companies or projects which have limited or no operating history and are engaged in activities currently considered illegal under US federal laws; changes in laws; limited operating history; reliance on management; requirements for additional financing; competition; inconsistent public opinion and perception regarding the medical-use and adult-use marijuana industry; and regulatory or political change. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and Goldstream does not undertake any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54475

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