TORONTO, Nov. 13, 2020 /PRNewswire/ - Horizon North
Logistics Inc. (the "Corporation") (TSX: HNL.TO) is pleased to
announce that its shareholders approved the Corporation's name
change to Dexterra Group Inc. (the "Name Change"), which was
presented for approval at the Corporation's special meeting of
shareholders held virtually on November 13,
2020 (the "Meeting").
A total of 48,922,943 common shares representing 75.42% of the
Corporation's issued and outstanding common shares were voted by
ballot and by proxy in connection with the Meeting.
At the Meeting, the special resolution authorizing the filing of
articles of amendment in respect of the Name Change was approved
with an approximate 99.86% of votes cast in favour. The Name Change
resolution was the sole item of business placed before shareholders
at the Meeting.
Following shareholder approval, the Corporation filed articles
of amendment implementing the Name Change. The common shares of the
Corporation are expected to commence trading on the Toronto Stock
Exchange ("TSX") under the new ticker symbol "DXT", within
two to four business days.
Detailed information regarding the Name Change is contained in
the Corporation's management information circular dated
September 29, 2020, which is
available on SEDAR at www.sedar.com and on the Corporation's
website.
A new website for the Corporation will be launched on
Monday, November 16, 2020, with
visitors to www.horizonnorth.ca after such date being
automatically re-directed to www.dexterra.com.
About Dexterra Group Inc. ("Dexterra")
Dexterra is a publicly listed corporation delivering a range of
support services for the creation, management, and operation of
infrastructure across Canada.
Following the Name Change, its common shares will trade under the
symbol (TSX:DXT).
Powered by people, Dexterra brings best-in-class regional
expertise to every challenge and delivers innovative solutions,
giving clients confidence in their day-to-day operations.
Activities include a comprehensive range of facilities management
services, industry leading workforce accommodation solutions,
innovative modular building capabilities, and other support
services for diverse clients in the public and private sectors.
Corporate Information
Additional information related to Dexterra, including the
Corporation's annual information form, press releases, financial
statements and management's discussion and analysis are available
on SEDAR at www.sedar.com.
Forward-looking Statements
This news release contains certain statements or disclosures
relating to Dexterra that are based on the expectations and
assumptions of its management which may constitute forward-looking
statements or information ("forward-looking statements") under
applicable securities laws. In particular, but without limiting the
foregoing, this news release contains forward-looking statements
relating to the timing of the Corporation's common shares trading
on the TSX under its new trading symbol and the satisfaction of any
conditions relating thereto, in addition to the anticipated timing
of launching the Corporation's new website.
Dexterra believes the expectations and assumptions in respect
of the anticipated timing noted above are reasonable at this time
but no assurance can be given that these expectations will prove to
be correct.
The forward-looking statements contained in this news release
are made as of the date hereof and the Corporation undertakes no
obligations to update publicly or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, unless so required by applicable securities
laws.
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SOURCE Horizon North Logistics Inc.