Rum Announces Voting Results From Annual General Meeting of Shareholders

Edmonton, AB / ACCESSWIRE / June 25, 2024 - Rocky Mountain Liquor Inc. (TSX-V:RUM) today reported the shareholder voting results of its 2024 Annual General Meeting held in Edmonton, Alberta.

Shareholders voted to fix the number of directors at six. The nominated individuals who received the majority of votes and will serve as directors for the ensuing year are Peter J. Byrne, David Delaney, Chris Queitsch, Allison Radford, Courtney Burton, and Gene Coleman.

Shareholders also approved the appointment of PricewaterhouseCoopers LLP as the Company's auditors and authorized the directors to fix their remuneration.

The Company announced the repayment of its bank loan with Toronto Dominion Bank. Originally structured at $2,650,000 with a maturity date of August 30, 2025, the outstanding principal balance of $731,809 was settled as of June 21, 2024. The Company maintains a credit agreement with TD, with a maximum availability of up to $5,400,000.