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FAX CAPITAL ANNOUNCES RESULTS OF 2021 ANNUAL GENERAL AND SPECIAL MEETING

 
NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
FOR IMMEDIATE RELEASE

TORONTO, May 19, 2021 – FAX Capital Corp. (the Company) (TSX: FXC & FXC.WT) herein announces the voting results of its annual general and special meeting of shareholders (the Meeting) held via virtual webcast on May 19, 2021.

All matters put forward for shareholders’ consideration, as detailed in the Company’s Management Information Circular dated April 12, 2021, as amended on May 5, 2021, received approval at the Meeting.

The details of the voting results in respect of the election of directors are as follows:

Nominee

Outcome of Vote

Votes by Poll

Votes for

Votes withheld

John F. Driscoll

Carried

272,063,794 (100.00%)

6,600 (0.00%)

Frank Potter

Carried

272,030,794 (99.99%)

39,600 (0.01%)

Blair Driscoll

Carried

272,063,794 (100.00%)

6,600 (0.00%)

Paul Gibbons

Carried

272,030,794 (99.99%)

39,600 (0.01%)

Edward Jackson

Carried

272,016,494 (99.98%)

53,900 (0.02%)


The voting results for the re-appointment of Deloitte LLP to serve as the auditor of the Company for the ensuing year and authorization for the Company’s board of directors to fix the auditor’s remuneration are as follows:

Outcome of Vote

Votes by Poll

Votes for

Votes withheld

Carried

272,070,394 (100.00%)

0 (0.00%)


Voting results for the confirmation of the Company’s Second Amended and Restated Voluntary Measures By-Law are as follows:

Outcome of Vote

Votes by Poll

Votes for

Votes withheld

Carried

272,063,394 (100.00%)

7,000 (0.00%)


The Company has filed a report of voting results on all resolutions voted on by shareholders at the Meeting, which is available under the Company’s profile on www.sedar.com.


About FAX Capital Corp.

The Company is an investment holding company with a business objective to maximize its intrinsic value on a per share basis over the long-term by seeking to achieve superior investment performance commensurate with reasonable risk. The Company intends to invest in equity, debt and/or hybrid securities of high-quality businesses. The Company initially intends to invest in approximately 10 to 15 high-quality small cap public and private businesses located primarily in Canada and, to a lesser extent, the United States.   www.faxcapitalcorp.com.

For additional information please contact:

Investor Relations
Tim Foran
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.faxcapitalcorp.com

Media Relations
Kieran Lawler
Telephone: (416) 303-0799
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking information. Such forward-looking information or statements (FLS) are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such FLS may be identified by words such as “proposed”, “expects”, “intends”, “may”, “will”, and similar expressions. FLS contained or referred to in this press release includes, but is not limited to, the Company’s business objective and investment strategies.

FLS involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company believes that the expectations reflected in the FLS are reasonable but no assurance can be given that these expectations will prove to be correct. Some of the risks and other factors which could cause results to differ materially from those expressed in FLS contained in this press release include, but are not limited to: the continued impact of COVID-19 on targeted investments, the economy and markets generally, as well as the identified risk factors included in the Company’s public disclosure, including the annual information form dated March 25, 2021, which is available on SEDAR at www.sedar.com and on the Company’s website at www.faxcapitalcorp.com. The FLS in this press release reflect the current expectations, assumptions, judgements and/or beliefs of the Company based on information currently available to the Company, and are subject to change without notice. Any FLS speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any FLS, whether as a result of new information, future events or results or otherwise. The FLS contained in this press release are expressly qualified by this cautionary statement. For more information on the Company, please review the Company's continuous disclosure filings that are available at www.sedar.com.

No securities regulatory authority has either approved or disapproved of the contents of this press release. The Toronto Stock Exchange accepts no responsibility for the adequacy or accuracy of this release.