NIA.V Annual General Meeting Information Highlights
My Summary:
- Insiders still own a major portion of the company and have been acquiring shares recently
- No payment has been given to directors, they want to see the company profitable first
- Some options were given as payment at higher prices. These help add funds to the company
Director - Common Shares Held - Percentage
Kevin Stratton 4,442,890 22.3%
Larry Phillips 437,500 2.2%
Scott Anderson 1,110,780 5.6%
Jeffrey Mores 375,000 1.9%
Ron McEachern 555,555 2.8%
Scot Martin 625,000 3.1%
Insiders own just unde 38% of the common stock.
**NOTE** the percentage on SEDI used to show closer to 50%, this was due to some Blu-Dot private shares not being converted over into Niagara Venture(NIA.V) shares. The conversion happened when Niagara Ventures acquired Blu-Dot in December 2014. Ron Mchearn shows an initial position of 2.4 million shares, but this was reduced to 555,555 when the conversion was completed.
Director Backgrounds
Ron McEachern - Mr. McEachern is a packaged goods and beverages industry expert. During a 23 year career at PepsiCo, Mr. McEachern led food and beverage operations in Canada, the US, Northern Europe and Asia. At the time of his retirement in 2008, Mr. McEachern was the President of PepsiCo Asia, overseeing all aspects of the PepsiCo foods and beverages business for Asia including India, China, Japan, Australia and South Asia. Since retiring from PepsiCo, Mr. McEachern has been consulting with companies seeking to enter Asia and lecturing on general management in China as an Adjunct Professor in a number of universities. Prior to joining Pepsico, Mr. McEachern was involved in the packaged goods industry with Procter and Gamble.
Larry Phillips - Mr. Phillips is the President of Corplex Management Services, providing corporate advisory services and directorship to public and private companies. Mr. Phillips was a founder of Iamgold Corporation in 1990 and served as an executive officer of the company until his retirement as Executive Vice President, Corporate Affairs in June 2011
Scott Anderson - Mr. Anderson is the President of The Catalyst Company (since 1998), which provides board, management and investment advisory services to emerging growth businesses. Previously, he was the President and COO of the Rider Travel Group, a travel services business.
Jeffrey Mores - Mr. Mores has considerable financial and operational expertise working with small- and medium-size business. He has been the General Manager of Blu-Dot since June 2015 and was the Founding Principal of Mores & Company Inc., a boutique Canadian estate planning and life insurance firm. Mores & Co. is primarily focused on the successful transition of private family enterprises, either to the next generation or new owners entirely.
Scot Martin - Mr. Martin is the co-owner, Chairman and Co-CEO of youRhere Inc., a leader in the interactive segment of Canada’s digital signage industry. Prior to joining youRhere Inc., Mr. Martin spent 30 years as a corporate and investment banking professional, holding a number of senior positions in the industry, including: Managing Director and Head of Investment Banking at Scotia Capital Markets; Deputy Chairman and CoHead, Canadian Relationship Management at Scotia Capital; Vice-Chairman, Corporate and Investment Banking at National Bank Financial; and Partner at Blair Franklin Capital Partners.
Compensation Discussion and Analysis (page 11)
During the financial year ended May 31, 2015, the Corporation did not pay any kind of remuneration, including salaries, consulting fees, management fees or directors’ fees, except the granting of Options
NOTICE IS HEREBY GIVEN that an annual and special meeting of the shareholders of Niagara Ventures
Corporation (the “Corporation”) will be held at the offices of Wildeboer Dellelce LLP, 365 Bay Street, Suite 800, Toronto, Ontario, M5H 2V1 on Monday, January 11, 2016 at 10:00 a.m. (Toronto time) (the “Meeting”), for the following purposes:
1. TO RECEIVE the annual financial statements of the Corporation for the fiscal year ended May 31, 2015, together with the auditors’ report thereon;
2. TO ELECT the directors of the Corporation to serve from the close of the Meeting until the close of the next annual meeting of shareholders of the Corporation or until their successors are elected or appointed;
3. TO APPOINT the auditors of the Corporation and authorize the directors to fix their remuneration;
4. TO CONSIDER and, if thought advisable, to pass an ordinary resolution re-approving and confirming the stock option plan of the Corporation (the “Option Plan”), including the reservation for issuance under the Option Plan at any time of a maximum of 10% of the issued and outstanding shares of the Corporation, in accordance with the policies of the TSX Venture Exchange; and
5. TO TRANSACT such other business as may properly come before the Meeting or any adjournment thereof. |
