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Canada Computational Unlimited Provides Results From Shareholder Meeting

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Toronto, Ontario–(Newsfile Corp. – June 1, 2022) – Canada Computational Unlimited Corp. (TSXV: SATO) (OTCQB: CCPUF) (“CCU” or “the Company”) is pleased to announce that all resolutions considered at its 2022 Annual and Special Meeting of shareholders on May 31, 2022, were approved by its shareholders. Particulars of the voting are set out at the end of this news release.

The resolutions approved by the shareholders present in person or represented by proxy at the meeting were:

  • The number of directors to be elected was set at five and Romain Nouzareth, Frank Di Tomaso, Dominique Payette, Fred T. Pye and Mathieu Nouzareth were duly re-elected to CCU’s board of directors.
  • Raymond Chabot Grant Thornton LLP was re-appointed as independent, external auditor of CCU for the ensuing year or until its successor is appointed, and the Board was authorized to fix its remuneration.
  • The Company’s Stock Option Plan was re-approved.
  • A proposed amendment to the Company’s articles was approved to change the name of the Company to “SATO Technologies Corp.”
  • The board of directors was authorized to set the number of directors from time to time within the minimum and maximum number of directors set forth in the articles of the Company.
  • The amended and restated By-law No. 1 of the Company, as approved by the board of directors on April 26, 2022, was ratified and approved.

The resolutions voted on at the meeting are described in more detail in CCU’s Management Information Circular, dated April 29, 2022, which was mailed to shareholders and is available on SEDAR at www.sedar.com.

Proposed Name Change

At the meeting, the Shareholders approved the proposed change of the Company’s name to “SATO Technologies Corp.” The new name is better aligned with the Company’s goals and objectives and is more conformant with the Company’s ticker symbol “SATO” on the Toronto Venture Exchange. Further information regarding the name change will follow upon completion of the necessary legal steps.

Detailed Voting Results

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Votes For Votes
Withheld/ Against
Total Votes
Cast
Percentage
of Votes
For
Percentage
of Votes
Withheld/ Against

Set number of directors at 5
30,363,820 0 30,363,820 100 0

Elect Romain Nouzareth
30,256,170 107,650 30,363,820 99.65 0.35

Elect Frederick T. Pye
30,362,670 1,150 30,363,820 99.99 0.01

Elect Frank Di Tomaso
30,362,670 1,150 30,363,820 99.99 0.01

Elect Dominique Payette
30,363,820 0 30,363,820 100 0

Elect Mathieu Nouzareth
30,362,670 1,150 30,363,820 99.99 0.01

Appoint Raymond Chabot Grant Thornton LLP as Auditors for the ensuing year and authorizing the board to set the remuneration
32,041,211 0 32,041,211 100 0

Ratify and approve the Company’s stock option plan
30,362,670 1,150 30,363,820 99.99 0.01

Approve the filing of articles of amendment to change the name of the Company to “SATO Technologies Corp.”
31,954,511 0 31,954,511 100 0

Empower and authorize the Board of directors to determine the number of directors to be elected at annual meetings of the Company within the minimum and maximum set out in the articles
30,363,820 0 30,363,820 100 0

Approve the amended and restated By-law No. 1 of the Company
29,777,216 586,604 30,363,820 98.07 1.93

 


About SATO

SATO operates a state-of-the-art, carbon-neutral bitcoin mining center with a contract of 20 MW of stable, renewable energy. The Company’s high-density calculation centers are built for high-grade cryptocurrency mining, AI data processing, and fintech infrastructure.

Founded in 2017, SATO is led by technology entrepreneurs, electricity and ventilation experts, network specialists, and Canadian industrialists. Since its inception, the company has pursued a vision of environmental stewardship throughout the mining process. The excess supply of renewable energy in the province of Québec has made this endeavor feasible and a great base for growth. Additional information can be found at www.ccu.ai.

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For additional information, please contact:

Caroline Klukowski
Tel: 604.260.5490
[email protected]

Keep up-to-date on developments and join our online communities at Twitter, LinkedIn, and YouTube.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/126155

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
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  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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