Ms. Correne Loeffler reports
ZEFIRO ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS, INCLUDING THE ELECTION OF HUDHEIFA MOAWALLA WHO REPLACES TALAL DEBS ON THE BOARD OF DIRECTORS
All five of the nominees proposed by management of Zefiro Methane Corp. for election to its board of directors were elected at the company's annual and special meeting of shareholders held today.
The meeting was contested, with an alternative slate of five dissident nominees being proposed at the meeting. Management's nominee directors, consisting of Correne Loeffler, Catherine Flax, Jonson Sun, Daryl Heald and Hudheifa Moawalla, received the highest number of votes "for" and were elected as directors of the company for the ensuing year.
A total of 78,569,485 common shares, or 86.7 per cen of the company's issued and outstanding common shares as of the record date for the meeting, were represented in person or by proxy at the meeting. Results of the vote for each director nominee are set out below.
In addition to the election of directors, at the meeting, shareholders approved the reappointment of Reliant CPA, chartered professional accountants, as the company's auditor, ratified and approved the company's amended and restated advance notice policy, and ratified, confirmed and approved the company's stock option plan. The company's full report of voting results will be made available on SEDAR+.
"On behalf of Zefiro's board of directors, I would like to thank shareholders for their support and endorsement of our strategy to unlock value for all investors," said Ms. Loeffler, chair of Zefiro's board of directors. "With the outcome of the proxy contest now behind us, we will continue to focus on aggressively capturing market opportunities to further increase revenue."
About Zefiro Methane Corp.
Zefiro is an environmental services company, specializing in methane abatement. Zefiro strives to be a key commercial force toward active sustainability. Leveraging decades of operational expertise, Zefiro is building a new tool kit to clean up air, land, and water sources directly impacted by methane leaks. The company has built a fully integrated ground operation driven by an innovative monetization solution for the emerging methane abatement marketplace. As an originator of high-quality, U.S.-based methane offsets, Zefiro aims to generate long-term economic, environmental and social returns.
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