Green Rise Announces Results of Voting for Directors and Changes to Executive Team

Toronto, Ontario--(Newsfile Corp. - July 9, 2020) - Green Rise Capital Corporation (TSXV: GRF), doing business as Green Rise Foods ("Green Rise" or the "Company"), is pleased to announce that, at the annual general and special meeting of shareholders held on July 8, 2020 (the "Meeting"), shareholders elected eight individuals to serve as directors of Green Rise. In addition, the Company wishes to announce changes to its management team.

Meeting Results

At the Meeting, four of the management nominees set forth in the management information circular ("Circular") of Green Rise dated June 8, 2020, and four individuals nominated by a shareholder at the Meeting, were elected as directors of the Company, to serve until the next annual meeting of shareholders, being:

  • Vincent Narang
  • Mark Benadiba
  • Thomas McKee
  • Rick Paolone
  • Jerry Mancini
  • Richard Boutin
  • Ben Ghirmai
  • Stanley Thomas

Detailed results from the election of directors are set out below

Name of NomineeVotes For
Vincent Narang57,781,419
Mark Benadiba57,781,419
Thomas McKee57,781,419
Rick Paolone57,781,419
Jerry Mancini30,861,313
Richard Boutin30,861,313
Ben Ghirmai30,861,313
Stanley Thomas30,861,313
Matthew Tatomir26,920,106
Scott Linnell26,920,106
Vito Galifi26,920,106
Colin Lightbody26,920,106

 

In addition, shareholders voted in favor of the following matters considered at the Meeting, as more particularly set out in the Circular:

  • Re-approval of the Company's stock option plan; and,

  • Amendment of Green Rise's articles to effect the name change of the Company.

Changes to Executive Team

Effectively immediately, Scott Linnell and Matthew Tatomir will no longer serve as Chief Financial Officer and Chief Operating Officer, respectively, of Green Rise. Rick Paolone will act as interim Chief Financial Officer.

Contact Information

For further information, please contact:

Green Rise
Vincent Narang, Chief Executive Officer
Phone: 416-294-2881
E-mail: vnarang@greenrisecapital.ca

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59497

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