extractX Ltd. Reports AGM Results – February 2022

extractX Ltd. Reports Annual General and Special Meeting Results

Ontario, ON – February 17, 2022

extractX Ltd. (“extractX” or the “Company”), is pleased to advise that at the Company’s annual general and special meeting (the “Meeting”) held on February 17, 2022, shareholders of the Company approved all of the items put forth at the Meeting, including:

1. Approval of the acts of the directors and officers of the Company

For % Against %
Approval of past acts 18,292,186 100 – 0

2. Election of Directors

The following individuals were elected as directors for the ensuing year: Andrew Bailey, Albert Iannantuono, Peter Manuel, Mitchell Osak, and Collin Stone.
The following is a summary of the voting results for the Company’s five directors:

Nominees For % Withheld %
Andrew Bailey 15,814,452 100 – 0
Albert Iannantuono 15,814,452 100 – 0
Peter Manuel 15,814,452 100 – 0
Mitchell Osak 15,814,452 100 – 0
Collin Stone 15,814,452 100 – 0

3. Appointment of Jones & O’Connell LLP Chartered Professional Accountants “Jones O’Connell” as Auditors of the Company

Jones & O’Connell LLP Chartered Professional Accountants were appointed as auditors of the Company at a remuneration to be fixed by the directors.

For % Withheld %
Appointment of Jones O’Connell as Auditors of the Company 15,814,452 100 – 0

4. Approval of Stock Option Plan

The Company’s existing 10% rolling Stock Option Plan was ratified by shareholders.

For

%

Against

%
Approval of Stock Option Plan

15,814,452

100

–

0

No stock exchanges have reviewed or accepted responsibility for the adequacy or accuracy of the content of this press release.

About extractX Ltd.

extractX designs, builds, and operates industrial scale self-contained mobile extraction laboratories equipped with the most effective and reliable equipment, allowing for efficient 24/7 operation, and unlimited scalability to meet the demand of any size operation. Built to GPP/GMP/EU GMP standards, extractX purpose builds mobile extraction laboratories to service biomass cultivators and producers wherever and whenever the service is needed, onsite and on demand anywhere in the world.