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AGM INFO
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
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