Wednesday, August 24, 2016

Resverlogix Cancels Annual General Meeting

On Monday August 22nd 2016 a ''Notice of the meeting and record date (amended) - English'' was filed with SEDAR by Computershare acting as agent for Resverlogix.

This notice advises that the Annual General Meeting that was slated to take place on October 5th 2016 in Calgary has been cancelled.  Here is a cut and paste:

To: All Canadian Securities Regulatory Authorities 
Subject: RESVERLOGIX CORP. 

Dear Sir/Madam: 

We advise of the following with respect to the upcoming Meeting of Security Holders for the subject Issuer: 

Meeting Type : Annual General and Special Meeting 

Record Date for Notice of Meeting : August 22, 2016-CANCELLED 

Record Date for Voting (if applicable) : August 22, 2016-CANCELLED 

Beneficial Ownership Determination Date : August 22, 2016-CANCELLED 

Meeting Date : October 05, 2016-CANCELLED 

Meeting Location (if available) : Calgary, 

AB Issuer sending proxy related materials directly to NOBO:  No 

Issuer paying for delivery to OBO: No 

Notice and Access (NAA) Requirements: 
NAA for Beneficial Holders Yes 

Beneficial Holders Stratification Criteria: Not Applicable 

NAA for Registered Holders No 

Voting Security Details: 

Description                          CUSIP Number           ISIN 
COMMON SHARES               76128M108                 CA76128M1086

Sincerely, 
Computershare 
Agent for RESVERLOGIX CORP.

SEDAR stands for ''System for Electronic Document Analysis and Retrieval''.  I have at times likened it to EDGAR.  Canada has a very convoluted regulatory make up consisting of Security Commissions in every province and territory.  As such SEDAR can serve as a repository for investors conducting research as well as for regulators.  

When seeking out annual and quarterly filings like U.S. 10Qs, 10Ks or 8Ks, SEDAR basically fulfills the same function for Canadian companies.

As to why the AGM was cancelled, I have absolutely zero idea.  Yes I have some idle speculation, but it is just that. Some social media participants have posted information saying the AGM is merely being postponed as per phone conversations with the company...but that is not something I am relying on.

The last news put out was on August 11, 2016 reporting that the company had received a positive recommendation from the Data Safety Monitoring Board overseeing the phase III BETonMACE trial. 

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