~Montfort shareholders approved two new
classes of preferred shares to strengthen capital
structure~
VANCOUVER, BC, Dec. 9, 2022
/CNW/ - Montfort Capital Corporation ("Montfort" or the
"Company") (TSXV: MONT) (OTCQB: MONTF), a leading alternative
lender utilizing focused strategies, experienced management teams
and advanced technology, today announced the results of its special
meeting of shareholders (the "Meeting") held today to seek
shareholder approvals necessary to modify the capital share
structure of the Company.
A total of 56,697,631 common shares in the capital of the
Company ("Common Shares") and 25,279,900 Series A Preferred Shares
in the capital of the Company (the "Series A Shares") were
represented in person or by proxy at the Meeting, representing
61.96% of the issued and outstanding Common Shares and 88.75% of
the issued and outstanding Series A Shares as at the record date.
At the Meeting, the following resolutions were passed by the
holders of Common Shares:
a) a special resolution to amend the special
rights and restrictions attached to existing Common Shares; and
b) an ordinary resolution to create special rights and restrictions
for two new preferred share classes: Class B preferred shares and
Class C preferred shares.
Also at the Meeting, holders of Series A Shares passed a special
resolution to amend the special rights and restrictions of the
Preferred Shares of the Company and the terms of the Series A
Preferred Shares.
Further information regarding the resolutions that were approved
at the Meeting can be found on the Company's profile on SEDAR at
sedar.com.
About Montfort Capital Corporation
Montfort manages a diversified family of
specialized private credit brands that utilize focused strategies
and experienced management teams combined with advanced technology
to improve fee related performance. Montfort facilitates transparency for all of
its investors through public company reporting. For further
information, please visit www.montfortcapital.com.
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 news release.
SOURCE Montfort Capital Corp.