YANGAROO RE-ELECTS BOARD AND ANNOUNCES AMENDED STOCK OPTION PLAN
TORONTO, CANADA – July 5, 2017 – YANGAROO Inc. (the “Company”) (TSX-V: YOO, OTC: YOOIF), the industry’s leading secure digital media management and distribution company (the “Company”), is pleased to announce the voting results from the Company’s Annual General and Special Meeting of shareholders held on June 28th, 2017 (the “Meeting”).
The five nominees as proposed by the Company were re-elected to the board of directors, being Mr. Gary Moss, Mr. Anthony Miller, Mr. Howard Atkinson, Mr. Gerry Hurlow, and Mr. Philip Benson, and the shareholders approved a resolution appointing Collins Barrow Toronto LLP as auditors for the Company for the ensuing year.
The shareholders also approved a new 12% fixed stock option plan. As the Company currently has 61,208,140 common shares issued and outstanding, subject to the approval of the TSX Venture Exchange, the Company can grant up to 7,344,976 stock options, and such number of common shares will be reserved for issuance.
YANGAROO is a company dedicated to digital media management. YANGAROO’s patented Digital Media Distribution System (DMDS) is a leading secure B2B digital cloud based solution focused on the music and advertising industries. The DMDS solution provides more accountable, effective, and far less costly digital management of broadcast quality media via the Internet. It replaces the physical, satellite and closed network distribution and management of audio and video content, for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients. The YANGAROO Awards platform is now the industry standard and powers most of North America’s major awards shows.
YANGAROO has offices in Toronto, New York, and Los Angeles. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB: YOOIF.
For YANGAROO Investor Inquiries:
Phone: (416) 534-0607
The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.