TORONTO, ONTARIO--(Marketwired - June 1, 2016) - Crosswinds Holdings Inc. ("Crosswinds" or the "Company") (TSX:CWI) today announced that it has mailed its Notice of Meeting and Management Information Circular (the "Information Circular") to its shareholders in respect of the shareholder meeting (the "Meeting") to be held at 10:00 a.m. (Toronto time) on June 24, 2016 at 365 Bay Street, Suite 400, Toronto, Ontario, M5H 2V1.
A copy of the Information Circular is available under the Company's corporate profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on Crosswinds' website at www.crosswindsinc.com.
The Information Circular contains detailed information, which shareholders are encouraged to review carefully, regarding matters to be considered at the Meeting including:
-- Election of directors;
-- Appointment of auditors;
-- Increasing the size of the Board from 4 to 7; and
-- Adopting, approving and ratifying a Stock Option Plan.
As stated in the Stock Option Plan, a copy of which is attached at Schedule C to the Information Circular, the maximum number of common shares ("Shares") that can be issued on exercise of options granted under the Stock Option Plan shall not exceed 10% of the issued and outstanding Shares of the Company from time to time, less the number of Shares actually issued under all other security based compensation arrangements of the Company. The limit on issuances in the Stock Option Plan was incorrectly described in the Information Circular as being capped at 10% in aggregate across all security based compensation arrangements of the Company.
It is recommended that shareholders vote FOR all of the resolutions.
Crosswinds Holdings Inc.
Crosswinds is a publicly traded private equity firm and asset manager targeting strategic and opportunistic investments in the financial services sector with a particular focus on the insurance industry.
Caution Regarding Forward-Looking Information
This release includes certain forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue" or the negative thereof or variations thereon or similar terminology. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These forward-looking statements are subject to a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements. Reference should be made to the risk factors in the Company's 2015 Annual Information Form, in the Management's Discussion and Analysis for the year ended December 31, 2015 and in our other filings with Canadian securities regulators. Additional important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, interest rates, tax related matters, loss of personnel, reliance on key personnel, ability of the Company to generate positive future returns for investors, ability of the Company to execute its strategies from time to time; the receipt of any regulatory approvals or consents required from time to time.
Crosswinds Holdings Inc.