Cannabix Technologies Announces Results of AGM and Special Meeting
February 17, 2015
Vancouver, British Columbia, February 17, 2015 -- Cannabix Technologies Inc. (CSE: BLO) (OTC PINK: BLOZF), developer of the Cannabix Marijuana Breathalyzer for law enforcement and the workplace announces the results of its annual general and special meeting of common shareholders held on February 17, 2015 in Vancouver. Resolutions passed at the meeting included the re-appointment of Manning Elliot Charted Accountants LLP as auditors, approval of the company’s incentive stock option plan, shareholder approval of the plan of arrangement to transfer 100% of the Monster Lake South gold property and $10,000 cash to Spinco (Torino Ventures Inc.) in consideration for the issuance of eight million common shares of Spinco, and to distribute these common shares to the company's shareholders on a pro rata basis pursuant to a plan of arrangement under the Business Corporations Act (British Columbia). Furthermore, the following directors were elected by shareholders: Rav Mlait, Bryan Loree, Kal Malhi, Raj Attariwala and Thomas Clarke.
Kal Malhi, President of Cannabix Technologies stated, “Our team continues to work with engineering firm KLN Klein Product Development to optimize the Cannabix Marijuana Breathalyzer prototype for release in a timely manner. We have been pleased by the most recent media recognition Cannabix has received over the last week or so with Portland Oregon’s ABC affiliate KATU 2 (KATU.COM) and CTV National News (Canada) highlighting Cannabix Technologies and its developing marijuana breathalyzer.”
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