, 2023-01-19 20:29:00,
Vancouver, British Columbia–(COMMERCIAL WIRE)–Thunderbird Entertainment Group Inc. (TSXV:TBRD, OTC – THBRF) (“Thunderbird” or the “Company”) today announced that it has entered into a cooperative agreement (the “Cooperative Agreement”) with Voss Capital LLC (” Voss”), which, together with its affiliates, owns approximately 13.3% of Thunderbird’s outstanding common shares and is its largest shareholder.
The Cooperative Agreement includes the appointment of two new independent directors proposed by Voss, Asha Daniere and Mark Trachuk (the “Nominees”) to Thunderbird’s Board of Directors (the “Board”) effective immediately, as well as the nomination of a third independent director to be identified by the Company from Voss-proposed nominees for Board election (the “Additional Director”) at the Company’s upcoming 2022 annual general and special meeting of shareholders scheduled for March 6, 2023 (the “2022 Director”). Annual meeting”).
Pursuant to the Cooperative Agreement, immediately following the 2022 Annual Meeting, the Board agreed to form an advisory committee (the “Advisory Committee”) to evaluate the Company’s capital allocation strategy and evaluate all strategic opportunities to maximize value for final recommendation to the Board. . Thunderbird notes that there can be no guarantee that a transaction will result from any process established by the Advisory Committee.
Jennifer Twiner McCarron…
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