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Toronto, Ontario--(Newsfile Corp. - July 12, 2024) - PopReach Corporation (TSXV: INIK) (OTCQX: INIKF) (dba "Ionik", or the "Company"), a data-driven performance marketing technology company, is pleased to announce that all items of business were approved at its annual general and special meeting of shareholders held on July 11, 2024 (the "Meeting") in Waterloo, Ontario.
A total of 158,500,734 common shares were voted in connection with the Meeting, representing approximately 54.847% of the issued and outstanding common shares of the Company.
Each of the five nominees listed in the management information circular ("Circular") dated May 23, 2024 was elected as a director of Ionik for the ensuing year or until his or her successor is elected or appointed. Based on proxies received prior to the Meeting, votes were cast as follows:
| Nominee | Votes For | % of Votes For | Votes Withheld | % of Votes Withheld |
| Ben Colabrese | 157,513,781 | 99.998% | 2,475 | 0.002% |
| Natasha De Masi | 157,513,781 | 99.998% | 2,475 | 0.002% |
| Ted Hastings | 157,513,781 | 99.998% | 2,475 | 0.002% |
| Ian Klugman | 157,513,781 | 99.998% | 2,475 | 0.002% |
| Mike Vorhaus | 157,513,781 | 99.998% | 2,475 | 0.002% |
In addition, Ionik reports that an ordinary resolution approving the appointment of MNP LLP as the Company's auditors for the ensuing year and to authorize the directors to fix the auditor's remuneration was passed by 99.983% of the votes represented at the Meeting.
The ordinary resolution to approve and confirm the Company's omnibus equity incentive plan (the "Equity Incentive Plan"), previously approved by the shareholders of the Company, was passed by 99.979% of the votes represented at the Meeting. The Equity Incentive Plan remains subject to final approval of the TSX Venture Exchange ("TSXV").
The special resolution authorizing a change of the name of the Company to "Ionik Corporation" (the "Name Change") was passed by 99.995% of the votes represented at the Meeting. The implementation of the Name Change is expected to be completed in the coming weeks conditional on the Company receiving all necessary regulatory approvals, including approval of the TSXV. The Company will continue to update its shareholders as the Name Change progresses.
Further, the special resolution authorizing a consolidation of the issued and outstanding common shares of the Company (the "Consolidation") was passed by 85.543% of the votes represented at the Meeting. The special resolution of shareholders approving the Consolidation provides that the board of directors of the Company (the "Board") is authorized to determine the consolidation ratio within a range of between five (5) pre-consolidation common shares for one (1) post-consolidation common share and ten (10) pre-consolidation common shares for one (1) post-consolidation common share. Completion of the Consolidation will depend on certain factors and the Board has the discretion to determine whether or not to proceed with the Consolidation. Moreover, the implementation of the Consolidation is conditional on the Company receiving all necessary regulatory approvals, including approval of the TSXV.