Banxa Announces Key Board Changes
16 Octubre 2023 - 6:59AM
Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE:
AC00) ("
Banxa" or the "
Company")
is pleased to share updates regarding its board of directors (the
"
Board"), to better position the company for its
next stage of growth.
CHANGES TO BOARD OF
DIRECTORS
- After a 10-year tenure as Founder and Chairman of the Board,
Domenic Carosa has decided to retire from his position as Chairman
and resign from the Board effective immediately.
- In his place, Holger Arians, the CEO, has been appointed to the
Board and will assume the role of Director & Chairman of the
Board.
- Furthermore, Matthew Cain, non-executive director, has decided
to retire and will be stepping down from the Board effective
immediately.
- Finally, Leigh Travers will join the Board as a non-executive
director, representing Dominet Digital Investments Pty Ltd
("Dominet"), a company associated with outgoing Chairman Domenic
Carosa. Information on this arrangement and Leigh's background are
detailed below.
Holger Arians, CEO and Chairman, remarks, "I
want to express my gratitude to Domenic for his invaluable
contributions to Banxa’s journey thus far. I am also pleased to
welcome Leigh Travers, who brings a wealth of crypto and public
company experience to our board. As Chairman and CEO, my priorities
are crystal clear: to accelerate value creation at Banxa,
delivering strong financial results and enabling the embedded
crypto future."
Domenic Carosa reflects on his tenure, stating,
"After a decade of dedicated service as Chairman of the Board, I
believe it's the right time to pass the torch. Banxa has evolved
into a new phase of its journey, and I have the utmost trust and
respect for Holger and his team, along with the refreshed Board.
They are well-positioned to continue steering the Company towards
even greater success. I look forward to remaining involved in Banxa
as an investor and couldn’t be more excited for the Company’s next
stage."
The Company extends its appreciation to Domenic
Carosa, who served as its Chairman for 10 years and helped steer
the company from a small startup in Melbourne, Australia towards a
global TSXv listed company. His vision and unwavering commitment
have been instrumental in shaping Banxa's trajectory within the
crypto industry. The Company also thanks Matthew Cain for his
services since the listing of Banxa onto the TSXv.
Leigh Travers' Bio:
Mr. Leigh Travers is an accomplished fintech
executive with major roles across a number of high-growth
companies. He has enjoyed a near 10-year career within the
crypto-asset industry with experience across both executive and
board positions, including the first publicly listed crypto firm on
the Australian Securities Exchange and the largest crypto exchange
in the Australian market. Mr. Travers has experience within the US
payments industry and cross-border payments in both board and
executive roles. In a non-executive capacity, Mr. Travers was a
director of NASDAQ Listed Aura Fat Projects Acquisition
Corporation. Mr. Travers also helped drive the responsible adoption
of blockchain technology by industries and governments across
Australia while serving as director, Chairman, and Treasurer of
Australia’s blockchain industry body, Blockchain Australia Ltd.
Dominet Nomination Agreement :
Banxa and Dominet have entered into a nomination
rights agreement pursuant to which, among other things, so long as
Dominet and its affiliates own at least 12% of the outstanding
common shares in the capital of Banxa it will have the right to
nominate one director to the Board. Dominet has designated Leigh
Travers as its nominee. Dominet currently holds over 13.5% of the
outstanding common shares in the capital of Banxa.
CONTACTS
Investors:Zafer
Qureshiinvestors@banxa.com
Media:WachsmanEthan
Lylebanxa@wachsman.com
ON BEHALF OF THE BOARD OF DIRECTORSPer: "Zafer
Qureshi”Zafer Qureshi = Director and Head, Corporate Affairs, +1
416-347-4192
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Forward-Looking Information
This press release contains statements including
“forward-looking information” (“Forward-looking
statements”). Forward-looking statements in this news
release include statements regarding the date of the Meeting. In
making the forward-looking statements in this release, the Company
has applied certain factors and assumptions that the Company
believes are reasonable, including that the Company will hold the
Meeting on the expected date. However, the forward-looking
statements in this release are subject to numerous risks,
uncertainties and other factors that may cause future results to
differ materially from those expressed or implied in such
forward-looking statements. Such uncertainties and risks may
include, among others that the Company will hold the Meeting on the
expected date. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Readers are cautioned not to place undue reliance on
forward-looking statements. The Company does not intend, and
expressly disclaims any intention or obligation to, update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
law.
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