TORONTO, February 23, 2022 – Dynamic Technologies Group Inc. (TSXV: DTG, OTC:ERILF) (“Dynamic” or the “Company”) today announced changes to the composition of its board of directors, arising from its Annual General and Special Meeting of Shareholders held today.
Voting Results
The shareholders re-elected five (5) directors to the board at the meeting: Guy Nelson, Terry Quinn, Bob Marshall, James Chui and Guy Dietrich. Not returning this year is Hao Wang, who served as a director after his resignation as Chief Operating Officer, to assist with the transition to Jerry Pierson as the Company’s President and COO. The Company thanks Mr. Wang for his service, both during his tenure as COO and as a director.
The results of the vote on the election of the Board of Directors are as follows:
| Votes In Favour | Votes Withheld | |||
| Guy Nelson | 51,187,004 | 89.3% | 6,144,332 | 10.7% |
| James Chui | 56,318,836 | 98.2% | 1,012,500 | 1.8% |
| Terry Quinn | 56,035,086 | 97.7% | 1,296,250 | 2.3% |
| Robert Marshall | 56,035,086 | 97.7% | 1,296,250 | 2.3% |
| Guy Dietrich | 56,318,836 | 98.2% | 1,012,500 | 1.8% |
Additionally, resolutions approving the following matters were passed at the meeting:
- Fixing the number of directors to be elected at five (5): passed with over 99.9% of votes cast in favour.
- Appointing Grant Thornton LLP as auditors of the Company: passed with over 99.9% of votes cast in favour.
- Approval of Company’s Stock Option Plan: passed with over 99.7% of votes cast in favour.
Mr. Nelson gave a presentation about the Company after the formal business portion of the meeting was completed. The presentation can be viewed on the Company’s website at: www.dynamictechgroup.com.
About Dynamic Technologies Group Inc.
Dynamic is a world leader in the design engineering, production, and commissioning of iconic, media-based attractions and ride systems for the global theme park industry and popular tourist destinations. Dynamic leverages its world class, media-based attraction products and attraction development capability on a co-venture ownership basis. The Company also applies its engineering integration and problem-solving skills on special projects in diversified industries such as alternative energy and large optical telescopes and enclosures.
Dynamic’s common shares are listed on the TSX Venture Exchange under the symbol DTG. For more information about the Company, visit www.dynamictechgroup.com or contact:
| Guy Nelson | Allan Francis |
| Executive Chair & CEO | Vice President – Corporate Affairs and Administration |
| Phone: (416) 366-7977 | Phone: (204) 589-9301 |
| Email: gnelson@dynamictechgroup.com | Email: afrancis@dynamictechgroup.com |
Reader Advisory
This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Dynamic’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, ‘‘budget’’, “booked”, ‘‘scheduled’’, “positions”, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’, “believes” or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, “may be”, ‘‘could’’, “should”, ‘‘would’’, ‘‘might’’ or ‘‘will’’, ‘‘occur’’ or ‘‘be achieved’’. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although Dynamic believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Actual results could differ materially from those anticipated in these forward-looking statements as a result of prevailing economic conditions, and other factors, many of which are beyond the control of the Company. The forward-looking statements contained in this news release represent Dynamic’s expectations as of the date hereof, and are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable securities regulations.
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 release.