VANCOUVER, BC, Dec. 30,
2022 /CNW/ - Principal Technologies Inc. (the
"Company") (TSXV: PTEC.P) is pleased to report that the
nominees listed in the management proxy circular dated October 21, 2022 for the annual and special
meeting of shareholders of the Company held on November 30, 2022 (the "Meeting") were
elected as directors of the Company. Shareholders at the Meeting
also approved the appointment of the Company's auditors and
approved and adopted the Company's new stock option plan.
The Company wholeheartedly thanks Mr. John McCoach for his valuable contributions as
he recently stepped down as a Director and Chair of the Company's
Audit Committee. Same goes for Mr. Frank
Stronach who also stepped down as a Director but continues
as Chief Financial Officer of the Company.
Forward-looking statements:
"This press release contains "forward-looking information"
and "forward-looking statements" within the meaning of applicable
securities laws. This information and statements address future
activities, events, plans, developments and projections. All
statements, other than statements of historical fact, constitute
forward-looking statements or forward-looking information. Such
forward-looking information and statements are frequently
identified by words such as "may," "will," "should," "anticipate,"
"plan," "expect," "believe," "estimate," "intend" and similar
terminology, and reflect assumptions, estimates, opinions and
analysis made by management of Principal Technologies Inc. in light
of its experience, current conditions, expectations of future
developments and other factors which it believes to be reasonable
and relevant. Forward-looking information and statements involve
known and unknown risks and uncertainties that may cause Principal
Technologies Inc.'s actual results, performance and achievements to
differ materially from those expressed or implied by the
forward-looking information and statements and accordingly, undue
reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary
include but are not limited to the availability of financing;
fluctuations in commodity prices; changes to and compliance with
applicable laws and regulations, including environmental laws and
obtaining requisite permits; political, economic and other risks;
as well as other risks and uncertainties which are more fully
described in our annual and quarterly Management's Discussion and
Analysis and in other filings made by us with Canadian securities
regulatory authorities and available at www.sedar.com. Principal
Technologies Inc. disclaims any obligation to update or revise any
forward-looking information or statements except as may be
required."
Neither TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this news
release.
ON BEHALF OF THE BOARD OF DIRECTORS:
Jerry Trent, Chief Executive
Officer
Principal Technologies Inc.
SOURCE Principal Technologies Inc.