Montreal, March 29, 2018 Ecolomondo Corporation (TSX-V: ECM) (the “Company” or “Ecolomondo”) wishes to inform its shareholders that, during the Company’s annual general meeting of shareholders (the “AGM”) held on March 28, 2018, the shareholders approved every resolution that was presented to them. The resolutions were included in the information circular sent to the Company’s shareholders and filed on SEDAR on March 7th, 2018 (the “Information Circular”). The shareholders approved namely: (i) the reduction in the number of persons on the board of directors from nine to seven; (ii) the election of the directors of the Company (for further information on the elected directors, please refer to the Information Circular) and (iii) the appointment of auditors.
The AGM was duly constituted and the quorum was confirmed as shareholders and proxy holders representing 85.69% of the issued and outstanding common shares of the Company were represented at the AGM.
About Ecolomondo Corporation
Ecolomondo is a cleantech Canadian company that is commercializing its waste-to-products technology. The Thermal Decomposition Process (“TDP”) converts hydrocarbon waste into marketable commodity end-products, namely carbon black substitute, oil, gas and steel. Technologies such as Ecolomondo’s are expected to play an important role in resource recovery and sustainability in the circular economy.
Management believes that technological breakthroughs in areas of process optimization, automation, end-product processing and safety, position Ecolomondo to become an industry leader.
The Company’s main revenues will come from the sale of TDP turnkey facilities and royalties from their operations. TDP facilities will generate revenues from the sale of end-products, tipping fees and carbon credits. Ecolomondo’s first focus is scrap tires as a feedstock, because they yield end-products with the highest commercial value, especially the recycled carbon black.
For further information please contact:
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
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