(TheNewswire)
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Brossard, Quebec - TheNewswire - December 18, 2024 – Windfall Geotek Inc. (“Windfall” or the “Company”) (TSX-V: WIN, OTCQB: WINKF, FSE: L7C2) announces the cancellation and anticipated rescheduling of its annual general meeting of shareholders (the “AGM”) due to the Canada Post strike, which commenced on November 15, 2024. The Company had scheduled the AGM to be held on December 20, 2024 and had prepared proxy materials (the “Materials”) to this end, however the postal strike announced thereafter has interfered with the Company’s ability to mail the Materials to its shareholders in a timely and efficient manner. It has come to the Company’s attention that the majority of shareholders entitled to vote at the AGM (the “Shareholders”) have not received their Materials. Therefore, upon inquiry and review as to the options available to the Company, the Board of Directors of the Company (the “Board”) has determined it to be in the best interest of the Company to cancel the AGM to be held on December 20, 2024, and reschedule the AGM to a later date to ensure that all Shareholders receive the Materials and proper notice for the AGM.
The Company shall hold the AGM as soon as the Board determines it’s practicable in light of applicable legal requirements. If practicable, the Company intends to reschedule the AGM to occur in February 2025.
Further details on the rescheduled AGM will be contained in a new Notice of Meeting and Management Information Circular that will be mailed to the shareholders of the Company as of the new record date and filed on SEDAR+.
About Windfall Geotek
Windfall Geotek Inc. is an exploration mining company, which utilizes its proprietary AI (artificial intelligence) technology platform to establish a competitive advantage in the identification, selection, and development of prospective exploration mining opportunities. Since the time of incorporation, the principal business carried on by the Company has been the acquisition, exploration, and development of mineral properties. To assist with the assessment of, and funding in properties, the Company has utilized its platform for the acquisition mineral exploration claims, and the investment in exploration mining companies. Management believes that this platform also enables the Company to diversify risk, and obtain an alternate source of funding through the sale of its AI solutions services through which the Company has been generating revenue.
For further information, please contact:
Email: info@windfallgeotek.com
or contact:
David Beck
CEO & Chairman
david@windfallgeotek.com
Website: www.windfallgeotek.com
Additional information about the Company is available under Windfall Geotek’s profile on SEDAR+ at www.sedarplus.ca. Neither the Canadian Securities Exchange nor does its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accept responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and using information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and they are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at WWW.SEDARPLUS.CA).
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