Posted: Tuesday, May 12, 2015
UrtheCast Corp. (TSX:UR) ("UrtheCast" or "the Company"), in accordance with the requirements of the Toronto Stock Exchange, today announces that the seven nominees listed in its management proxy circular dated April 7, 2015 were elected as its directors. The detailed results of the vote for the election of directors at its Annual General and Special Meeting of Shareholders (the "Meeting") held Monday, May 11 in Vancouver, British Columbia, are set out below.
A total of 14,715,269 common shares were voted in connection with the Meeting, representing approximately 22.17% of the issued and outstanding common shares of the Company. On a vote by ballot, each of the following nominees proposed by management was elected as a director of UrtheCast to hold office until the next annual meeting of shareholders, or until their successors are elected or appointed:
Other Matters Voted Upon
In addition, by resolution passed by show of hands, an amendment to the Company's by-laws to allow the board of directors of the Company (the "Board") to fill a vacancy in the Board resulting from an increase in the number of directors was approved by a majority of shareholders.
The results of other matters considered at the Meeting are reported in the Report of Voting Results as filed on SEDAR (www.sedar.com) on May 12, 2015.
About UrtheCast Corp.
UrtheCast Corp. is a Vancouver-based technology company that is developing the world's first Ultra HD video feed of Earth, streamed from space in full color. Working with renowned aerospace partners from across the globe, UrtheCast has built, launched, installed, and will soon operate its Ultra HD video camera, Iris, on the International Space Station ("ISS") alongside its Medium Resolution Camera which reached Initial Operation Capability in 2014. Video and still image data captured by the cameras will be downlinked to ground stations across the planet and displayed on the UrtheCast web platform, or distributed directly to partners and customers. UrtheCast's cameras will provide Ultra HD video and still imagery of Earth that will allow for monitoring of the environment, humanitarian relief, social events, agricultural land, etc. Common shares of UrtheCast trade on the Toronto Stock Exchange as ticker 'UR'.
For more information visit UrtheCast's website at www.urthecast.com.
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