Carbon Streaming announces annual meeting results

Carbon Streaming announces annual meeting results

TORONTO–(BUSINESS WIRE)–Carbon Streaming Corporation (NEO: NETWORK) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon streaming” or “Company”) held today its annual general meeting (the “Meeting”), where each of the eight nominees who were proposed as board members and listed in the company’s executive power of attorney circular dated 28 September 2022, were elected as board members. A total of 18,482,192 ordinary shares were voted in connection with the election of board members at the meeting, which represented approx. 39.5% of the votes related to all outstanding ordinary shares.

At the meeting, the company’s shareholders also approved the appointment of Deloitte LLP as auditors and authorized the board to determine their remuneration.

The detailed results of the voting for the election of directors are set out below:

Nominated

Outcome of vote

Voted

Voted (%)

Maurice Swan

Approved

12 314 431 For

3,873,763 Withheld

76.1%

23.9%

Justin Cochrane

Approved

12,342,506 For

3,845,688 Withheld

76.2%

23.8%

R. Marc Bustin

Approved

14 805 065 For

1,383,129 Withheld

91.5%

8.5%

Saurabh Handa

Approved

12,341,949 For

3,846,245 Withheld

76.2%

23.8%

Candace MacGibbon

Approved

12 387 387 For

3,800,807 Withheld

76.5%

23.5%

Alice Schroeder

Approved

11 906 559 For

4,281,635 Withheld

73.6%

26.5%

Andy Tester

Approved

12 370 629 For

3,817,565 Withheld

76.4%

23.6%

Jeanne Usonis

Approved

12 414 839 For

3,773,355 Withheld

76.7%

23.3%

For complete voting results for all matters approved at the meeting, please see the Company’s report of voting results dated November 9, 2022 available on SEDAR at www.sedar.com.

About Carbon Streaming

Carbon Streaming aims to accelerate a net-zero future. We pioneered the use of streaming transactions, a proven and flexible financing model, to scale high-integrity carbon credit projects to accelerate global climate action and advance the UN’s Sustainable Development Goals. This approach aligns our strategic interests with those of project partners to create long-term relationships built on a shared commitment to sustainability and accountability and positions us as a trusted source for buyers seeking high-quality carbon credits.

The company’s focus is on projects that have a positive impact on the environment, local communities and biodiversity, in addition to their carbon reduction or removal potential. The company has carbon credit streams and royalties linked to over 20 projects around the world, including projects involving nature-based solutions, deployment of fuel-efficient stoves and water filtration units, sustainable community projects focusing on waste avoidance and energy efficiency, agricultural methane avoidance and biochar carbon removal.

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