VANCOUVER, BC – (August 31, 2017) – Micron Waste Technologies Inc. (the “Company”) is pleased to announce the results from its annual general and special meeting of shareholders held on August 30, 2017 (the “Meeting”). The Company reports that all items that were set out in the Notice of the Meeting and Information Circular, dated August 16, 2017, were duly passed at the AGM, including the Company’s proposed amalgamation with Finore Mining Inc. (“Finore”). The Company is pleased that shareholders representing approximately 78.2% of the outstanding common shares were present at the meeting in person or by proxy. All proxies were voted in favour of all items of business and accordingly the special resolution to approve the amalgamation with Finore was passed, with no votes against.
“We are extremely pleased with the impressive turnout of shareholders who have voiced their strong support for management and the direction of the Company. We look forward to a pivotal year in 2018 as we ramp up development and production of our innovative organic waste digesters” said Alfred Wong, President of Micron Waste Technologies.
Additionally, at the Meeting, shareholders elected the following persons to serve as directors of the Company for the ensuing year: Kulwant Malhi, Rauni Malhi, Alfred Wong, Bharat (Bob) Bhushan and Cameron Battley. Shareholders also approved the reappointment of Smythe LLP, Chartered Professional Accountants as auditors of the Company.
About Micron Waste Technologies Inc.
Micron Waste Technologies Inc. has developed an innovative patented-pending technology that transforms organic waste into clean water that meets municipal effluent discharge standards. The Micron technology is targeted for supermarkets, restaurants and marijuana producers seeking to reduce costs and improve efficiency in the processing of organic waste. Micron’s technology is currently being used by a major B.C. food retailer where Micron has installed a pilot demonstration unit. In addition, Micron is in advanced discussions with industry leading marijuana cultivators in Canada to install Micron Waste Digesters at their licensed cultivation facilities. For more information about Micron, please visit www.micronwaste.com
We seek Safe Harbor.
On behalf of the Board of Directors
Cautionary Statement Regarding “Forward-Looking” Information
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.