(TheNewswire)
Abbotsford, BC – TheNewswire - May 9, 2023 - Gatekeeper Systems Inc.(‘Gatekeeper’ or the ‘Company’) (TSXV:GSI) (OTC:GKPRF)(FSE:1GK) a video and data solutions providerfor public transportation and smart cities, is pleased to announcethat the shareholders of the Company approved all matters at itsannual general meeting (the “Meeting”) held on May 8, 2023.
The total number of common shares represented byshareholders present in person and by proxy at the meeting was16,913,977 representing 18.51% of Gatekeeper's issued and outstandingcommon shares as of the record date.
All of the matters put forward before shareholders forconsideration and approval as set out in the Company’s notice ofmeeting and management information circular, dated April 6, 2023, wereapproved by the requisite majority of votes cast at the Meeting. Inparticular, shareholders approved the re-election of all directornominees to hold office until the next annual meeting of shareholdersor until their successors are elected or appointed. Results of thevote for the election of directors at the Meeting are set out asfollows:
Nominee | # of Votes For | # of Votes Withheld | % of Votes Cast For |
Douglas Dyment | 15,279,074 | 72,402 | 99.53% |
David Stumpo | 15,276,773 | 74,703 | 99.51% |
Charlie Bruce | 15,276,273 | 75,203 | 99.51% |
Colin Sutherland | 15,271,273 | 80,203 | 99.48% |
Shareholders also approved the following items ofbusiness before the Meeting:
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setting the number of directors at four;
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the re-adoption and re-approval of the Company’srolling stock option plan in accordance with the requirements of theTSX Venture Exchange; and
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the appointment of Buckley Dodds CPA as auditor of theCompany for the ensuing year.
The Company also announces that it has granted anaggregate of 2,235,000 incentive stock options to certain directors,officers, employees and consultants of the Company, subject toregulatory approval. The stock options are exercisable at a price of$0.405 for a period of five years from the date of issuance andsubject to vesting provisions.
About Gatekeeper Systems Inc.
Gatekeeper is a leading provider of intelligent videoand data solutions designed to provide a safer transportationenvironment for children, passengers, and public safety personnel onmultiple transportation modes. The Company uses AI, video analytics,thermal cameras, and mobile data collectors to inter-connect publictransit assets as part of intelligent transportation systems in aSmart City ecosystem. The Company is at the forefront of innovationand is utilizing new technologies to make cities more efficient andsafer, such as its Automated Lane Enforcement solution for transitbuses (ALE™). The Company’s video and data solutions and itsPlatform-as-a-Service (PaaS) business model are enabling thetransformation of transportation systems into intelligent transit andSmart Cities.
Contact Information:
Douglas Dyment
ddyment@gatekeeper-systems.com
Cautionary Note Regarding Forward-Looking Statements:Certain statements made in this press release that are not historicalfacts are forward-looking statements and are subject to importantrisks, uncertainties and assumptions, both general and specific, whichgive rise to the possibility that actual results or events coulddiffer materially from our expectations expressed in or implied bysuch forward-looking statements. As a result, we cannot guarantee thatany forward-looking statement will materialize, and readers arecautioned not to place undue reliance on these forward-lookingstatements. For more exhaustive information on these risks anduncertainties, the reader should refer to the risk factors describedin the management's discussion and analysis for the quarter endedFebruary 28, 2023. The forward-looking statements contained in thispress release represent our expectations as of the date hereof. Wedisclaim any intention and assume no obligation to update or reviseany forward-looking statements. Forward-looking statements arepresented for the purpose of providing information about management'scurrent expectations and plans and allowing investors and others toobtain a better understanding of our anticipated operatingenvironment. Readers are cautioned that such information may not beappropriate for other purposes. The Company undertakes no obligationsto update or revise such statements to reflect new circumstances orunanticipated events as they occur, unless required by applicable law.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
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