December 3, 2022

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TrustBIX Inc. Announces Results of Its Annual General and Special Meeting of Shareholders and Stock Option Grants


Edmonton, Alberta–(Newsfile Corp. – May possibly 20, 2022) – TrustBIX Inc. (TSXV: TBIX) (OTCQB: TBIXF)  (“TrustBIX” or the “Firm”) is delighted to announce that the Company held its Yearly Basic and Specific Assembly (the “Meeting”) through webcast on May 20, 2022. All matters to be acted upon, as set out in the Company’s Detect of Meeting and Administration Data Round dated April 14, 2022, have been accepted by shareholders at the Assembly.

The Company’s shareholders voted to:

  • Fix the amount of administrators at 5

  • Elect Hubert Lau, Edward (Ted) Electricity, David Schuster, Lap Shing (Andrew) Kao, and Emma Todd as directors

  • Appoint Kenway Mack Slusarchuk Stewart LLP, Chartered Experienced Accountants, as the Firm’s auditors for the ensuing year and authorize the directors to take care of their remuneration

  • Approve the amendment of the Company’s bylaws to include the Progress Observe provisions as explained in the Administration Data Circular and

  • Re-approve the Company’s fixed stock alternative approach, whereby a maximum of 15,849,966 selection shares, remaining 20% of the Company’s issued and excellent prevalent shares, will be reserved for issuance as described in the Administration Facts Circular.

The directors and management of TrustBIX thank all shareholders for their participation in the Conference and for their continuing guidance.

Mr. Tony Barlott, Mr. William Shea Jameson, and Mr. Gerben (Jerry) Bouma did not stand for re-election for the ensuing year.

“We all thank Tony, Shea and Jerry for their tireless do the job and incredible contributions around their tenure as directors. They ended up crucial to our results in having to this phase in our growth and development. We seem ahead to their ongoing aid as they sort the Firm’s new advisory board,” explained Hubert Lau, TrustBIX CEO.

Subsequent to the Yearly Normal and Unique Meeting, 6,625,000 stock solutions have been granted to directors, officers, staff and contractors of the Company as element of their payment ideas. All choices granted have a strike selling price of $.10, vest 50% on every of the grant and anniversary dates and will expire in 5 many years if not exercised.

About TrustBIX (TSXV: TBIX) (OTCQB: TBIXF)

As an ground breaking chief, TrustBIX supplies agri-foodstuff traceability and chain of custody benefit options. The Company’s intention is to build a entire world the place we have confidence in additional, waste less and reward sustainable behaviour by addressing client and agri-foodstuff business demands. The proprietary system, BIX (Enterprise InfoXchange process), is developed to produce have confidence in without having compromising privacy by means of revolutionary, blockchain-derived use of know-how and details. By leveraging BIX and its distinctive use of incentive methods, TrustBIX provides independent validation of food stuff provenance and sustainable generation procedures inside the offer chain – Gate to Plate®.

ViewTrak Systems Inc., a wholly owned subsidiary, supplies a suite of hardware and program remedies to the livestock business in Canada, United States, Mexico and China, these kinds of as Auction Grasp Pro, Market place Grasp, Feedlot Solutions and pork grading probes.

The Company’s Insight know-how features an edge-to-organization supply chain answer that delivers asset situational recognition to dealers, machines fleets, and civil design administrators. The system will allow for the tracking, security, and identification of motion of assets employing self-driven and self-reporting cellular tags and cloud-based mostly suite of applications.

For more details, stop by www.trustbix.com, or observe TrustBIX on Twitter @TrustBIX_Inc, LinkedIn https://ca.linkedin.com/business/bixsco-inc- and Facebook at https://www.facebook.com/BIXSco/.

Forward-Hunting Information

This push release consists of specific ahead-wanting information and facts and displays the Company’s existing assumptions with regards to future activities. These statements include identified and unknown pitfalls, uncertainties, and other components that might lead to the Company’s genuine benefits, ranges of activity, efficiency, and/or achievements to be materially distinct from any long run final results, degrees of exercise, functionality, or achievements expressed or implied by these forward-on the lookout statements.

Certain statements contained in this document represent ahead-wanting statements and data within the that means of the relevant Canadian securities legislation. When utilised in this doc, the words “might”, “would”, “could”, “ought to”, “will”, “intend”, “program”, “suggest”, “anticipate”, “imagine”, “forecast”, “estimate”, “expect” and related expressions applied by any of the Firm’s management, are intended to detect forward-on the lookout statements. This kind of statements reflect the Company’s inner projections, expectations, potential development, efficiency and enterprise prospective customers and chances and are based mostly on info currently readily available to the Business. Considering that they relate to the Firm’s current views with regard to potential functions, they are issue to specified dangers, uncertainties and assumptions. Quite a few things could lead to the Firm’s genuine effects, efficiency or achievements to be materially diverse from any potential outcomes, overall performance or achievements that might be expressed or implied by this sort of forward-seeking statements. Offered these dangers and uncertainties, audience are cautioned not to put undue reliance on this kind of forward-seeking statements. The Firm does not intend, and does not assume any obligation, to update any such components or to publicly announce the end result of any revisions to any of the forward-hunting statements contained herein to reflect foreseeable future effects, gatherings or developments other than as demanded by applicable securities laws, polices or guidelines.

FOR A lot more Information and facts Get in touch with:

Mr. Hubert Lau
President and CEO
Phone: (780) 456-2207
Email: [email protected]

Neither the TSX Enterprise Exchange nor its Regulation Providers Company (as that expression is outlined in the policies of the TSX Enterprise Exchange) accepts duty for the adequacy of precision of this launch.

To look at the resource variation of this push launch, please go to https://www.newsfilecorp.com/launch/124833



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