Announcement • Aug 21
Lotus Ventures Inc. to Be Delisted from the CSE Effective At the Close of Trading on Aug. 20, 2024 Lotus Ventures Inc. has closed the previously announced transaction contemplated by the company's proposal to its creditors, as amended, and the company's subscription agreement dated May 3, 2024, with 5008679 Ontario Ltd., as amended and restated on June 4, 2024, and further amended on July 15, 2024. The transaction was completed in accordance with the terms of the agreement and the provisions of a reverse vesting order (RVO) granted by the Supreme Court of British Columbia In Bankruptcy and Insolvency on June 14, 2024. As part of the completion of the transaction, the company has issued to the purchaser 1,000 common shares of the company for an aggregate, all-inclusive purchase price of $2,538,398, and all of the previously issued and outstanding securities of the company (other than the subscribed shares) have been cancelled without consideration. Lotus is expected to be delisted from the CSE effective at the close of trading on Aug. 20, 2024. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Chairman Albert Duwyn was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 15
Lotus Ventures Inc., Annual General Meeting, Feb 12, 2024 Lotus Ventures Inc., Annual General Meeting, Feb 12, 2024.