In This Article:
Toronto, Ontario--(Newsfile Corp. - March 30, 2021) - Hill Street Beverage Company Inc. (TSXV: BEER) ("Hill Street" or the "Company") is pleased to announce the voting results of its Annual General Meeting (the "Meeting") held on March 30, 2021. A total of 89 Shareholders present in person or represented by proxy and representing 53,642,486 common shares representing 37.7% of the issued shares of the Company were represented at the Meeting.
Detailed voting results of the Meeting are as follows:
| | NUMBER OF SHARES | PERCENTAGE OF VOTES CAST | ||||||
| FOR | AGAINST | WITHHELD/ | INTERESTED | NON-VOTE | FOR | AGAINST | WITHHELD/ ABSTAIN | |
| Election of Directors | | | | | | | | |
| Kevin Ruddle | 44,222,706 | 0 | 4,455,195 | | 1,761,704 | 90.85% | 0.00% | 9.15% |
| Jack Fraser | 44,407,124 | 0 | 4,270,777 | | 1,761,704 | 91.23% | 0.00% | 8.77% |
| Lori Senecal | 43,998,409 | 0 | 4,679,492 | | 1,761,704 | 90.39% | 0.00% | 9.61% |
| Craig Binkely | 43,987,409 | 0 | 4,690,492 | | 1,761,704 | 90.36% | 0.00% | 9.64% |
| Rudy Sawatzky | 44,039,706 | 0 | 4,638,195 | | 1,761,704 | 90.47% | 0.00% | 9.53% |
| Raymond Bisaillon | 47,542,011 | 0 | 1,135,890 | | 1,761,704 | 97.67% | 0.00% | 2.33% |
| Appointment of Auditors | 49,580,767 | 0 | 858,838 | | 0 | 98.30% | 0.00% | 1.70% |
| Stock Option Plan Resolution | 47,055,744 | 1,622,157 | 0 | | 1,761,704 | 96.67% | 3.33% | 0.00% |
| Stock Option Repricing | 10,809,186 | 2,965,773 | 0 | 34,902,942 | 1,761,704 | 78.47% | 21.53% | 0.00% |
| Advance Notice By-Law Resolution | 43,797,546 | 4,880,355 | 0 | | 1,761,704 | 89.97% | 10.03% | 0.00% |
| Approval of RSU Plan | 7,203,284 | 5,081,980 | 0 | 36,392,637 | 1,761,704 | 58.63% | 41.37% | 0.00% |
| Approval of New Control Person | 22,391,074 | 4,488,972 | 0 | 21,797,855 | 1,761,704 | 83.30% | 16.70% | 0.00% |
Note:
(1) Shares excluded are those of shareholders that have a direct or indirect interest in the particular resolution, as these particular resolutions require disinterested shareholder approval.
About Hill Street Beverage Company Inc. (TSXV: BEER)
Hill Street Beverage Company is a leading and award-winning company focused on alcohol-free beer, wine, and adult-format beverages. Hill Street's brands include Hill Street Craft Brewed Lager, and Vin(Zero), and have won numerous medals and accolades around the world. Hill Avenue Cannabis, the Company's wholly-owned subsidiary, will produce and sell Cannabis-infused adult beverages and other Cannabis products with expected distribution at licensed outlets in 2021, as well as commercializing Lexaria's patented DehydraTECHTM fast-acting platform technology.
Check out Hill Street's award-winning alcohol-free line-up and order product to be delivered straight to your home at www.hillstreetbeverages.com, and cannabis related business activities and products at www.hillavenuecannabis.com.