For Immediate Release
Vancouver, B.C. – September 12, 2022 – Oceanic Wind Energy Inc. (TSXV-NEX: NKW.H) (the “Company”) announces that it will hold its 2022 annual general meeting on October 25, 2022 at The Pender Room, Mezzanine Level, 1066 West Hastings Street, Vancouver, British Columbia, at the hour of 10:00 a.m. (Pacific Time). The Company will present to shareholders, among other things, the appointment of six (6) directors for the ensuing year (Messrs. Michael J. O’Connor, Philip Hughes, Joseph S. Houssian, Arthur Willms, David Rehn and Peter Pastewka). Mr. Pastewaka being a “nominee” director.
In addition, the board of directors have approved the adoption of a new stock option plan which will replace the Company’s existing stock option plan which was originally adopted by the directors of the Company in 2016. The purpose of adopting a new stock option is to bring the Company’s stock option plan in line with the current TSX Venture Exchange policy on Security Based Compensation (Policy 4.4) that was amended on November 24, 2021.
Materials will be distributed to shareholders and available under the Company’s profile on SEDAR at www.sedar.com.
For further information please contact:
Michael O’Connor, President & CEO Oceanic Wind Energy Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Certain information contained in this document may include “forward-looking information”. Without limiting the foregoing, the information and any forward-looking information may include statements regarding the closing of the Offering, the filing of a preliminary and final prospectus and the use of proceeds of the Offering. In this document, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or the Company management’s good-faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. For additional information with respect to these and other factors and assumptions underlying the forward-looking statements made in this press release, see the section entitled “Risks and Uncertainties” in the Management’s Discussion and Analysis of the Company for its most recent interim financial statements filed with the Canadian securities commissions. The forward- looking information set forth herein reflects the Company’s expectations as at the date of this press release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise, other than as required by law.
The Company does not intend, nor does it undertake, any obligation to update or revise any forward-looking information or statements contained in this document to reflect subsequent information, events or circumstances or otherwise, except as required by applicable laws.