Neptune Digital Assets Corp. (TSXV:NDA)
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May 12, 2026, 4:00 PM EST
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AGM 2023

Aug 30, 2023

Joe Furness
Recording Secretary, DLA Piper

Good morning, everyone. It's Joe Furness from DLA Piper. I'm sitting here in our Vancouver office with Sabrina from TSX Trust. We're going to get started in about four minutes here, but maybe if people could identify themselves on the line. Perhaps we should start with people from Neptune. Is there anyone in Neptune on the line right now? Okay. Is there anyone from... Good morning.

Cale Moodie
Chairman, President, and CEO, Neptune

Cale Moodie here.

Joe Furness
Recording Secretary, DLA Piper

Hey, Cale. How's it going?

Cale Moodie
Chairman, President, and CEO, Neptune

Good.

Joe Furness
Recording Secretary, DLA Piper

Awesome. So we have Cale from Neptune. Is there anyone else from Neptune today?

Cale Moodie
Chairman, President, and CEO, Neptune

I expect the board members to be here.

Joe Furness
Recording Secretary, DLA Piper

Awesome. We'll give them a couple more minutes.

Cale Moodie
Chairman, President, and CEO, Neptune

Yeah.

Joe Furness
Recording Secretary, DLA Piper

Is there anyone from TSX Trust? Sandy?

Sandy Hunter
Senior Relationship Manager, TSX Trust

Yes, I'm on the line.

Joe Furness
Recording Secretary, DLA Piper

Great. So we have Sandy Hunter. And are there any shareholders present today? Could I just ask for, attendance-related purposes for any shareholders on the line to identify themselves, please? Okay. Denis Silva, are you on the line? Great. Okay, Cale and Sandy, we'll give it a couple more minutes and wait to see if the other, Neptune board members join us. And if not, we will get started, if that works with you.

Cale Moodie
Chairman, President, and CEO, Neptune

Yeah, let's give it two, three minutes, Joe.

Joe Furness
Recording Secretary, DLA Piper

Great.

Cale Moodie
Chairman, President, and CEO, Neptune

Hey, Joe, can you, can you see how many people are on the line at any given time?

Joe Furness
Recording Secretary, DLA Piper

Yeah, I can.

Cale Moodie
Chairman, President, and CEO, Neptune

Okay.

Joe Furness
Recording Secretary, DLA Piper

I'm seeing one, two, three, four, five, six, seven, seven numbers.

Cale Moodie
Chairman, President, and CEO, Neptune

Oh, okay. So we do have shareholders on the line?

Joe Furness
Recording Secretary, DLA Piper

Presumably.

Carmen To
CFO, Neptune

Hello, this is Carmen. Hey, Carmen.

Joe Furness
Recording Secretary, DLA Piper

That's Carmen To.

Cale Moodie
Chairman, President, and CEO, Neptune

How's it going, dude? Good. I have one board member asking for a conference ID, but there isn't one. There's just an access code, right? Yes. I'll take a picture of this and send it to him. Who's our scrutineer today? We don't have Kate, right? She's sick.

Joe Furness
Recording Secretary, DLA Piper

Yeah, we have, Sabrina Evangelista.

Cale Moodie
Chairman, President, and CEO, Neptune

Okay. Thank you.

Joe Furness
Recording Secretary, DLA Piper

Hi, everyone.

Dennis Silva
Partner, Neptune

Hey there. Denis Silva. All right. I think we're 10:01 A.M. here, so we can get into it. Joe, should I just go ahead?

Joe Furness
Recording Secretary, DLA Piper

Sure. So just to confirm, we have Cale and Carmen from Neptune. Did Cale join us?

Cale Moodie
Chairman, President, and CEO, Neptune

Dario is on as well. And, Mitchell Demeter is here as well. Hey, Mitch.

Joe Furness
Recording Secretary, DLA Piper

Excellent.

Dennis Silva
Partner, Neptune

Cale, Cale, are you there?

Joe Furness
Recording Secretary, DLA Piper

Sorry, could you repeat your name, please?

Cale Moodie
Chairman, President, and CEO, Neptune

Just saying if Cale is here. Cale, yeah.

Joe Furness
Recording Secretary, DLA Piper

Yep. Awesome. Okay, I think, I think we have everyone marked down for attendance, so, Cale, feel free to proceed.

Cale Moodie
Chairman, President, and CEO, Neptune

Sounds good. Cale is here. Ladies and gentlemen, welcome to the annual general meeting of the shareholders of Neptune Digital Assets Corp., which will hereinafter be referred to as the corporation. My name is Cale Moodie. I'm the President, Chief Executive Officer, and Chairman and Director of the corporation. Pursuant to the articles, I'm authorized by the corporation to act as chairman of the meeting. I'd like to welcome all of you here today, and on behalf of the corporation, thank you for attending. I kindly ask that everyone joining the meeting by teleconference mute their lines until requested to speak. The meeting will now come to order. I will ask Joe Furness, representative of the corporation's legal counsel, DLA Piper (Canada) LLP, to act as recording secretary of the meeting.

The required meeting materials were sent out on August 8, 2023, to the registered shareholders and non-objecting beneficial owners of record as of July 24, 2023. Unless there is an objection, I will dispense of reading the notice of meeting. The matter is now open for discussion. No objection. As there is no objection, I declare the motion carried. I've also requested that Sabrina, representative of the corporation's transfer agent, TSX Trust Company, to serve as the scrutineer for the meeting. For shareholders who have attended the meeting in person, please register with Miss Sabrina at this time. I don't think there are any in person. Do we have any shareholders present on the line? I will assume none. I can confirm that Sabrina has provided me with a preliminary record of attendance, report of attendance.

Having reviewed the preliminary report provided by the scrutineer, I can confirm the quorum is present and notice has been given in the proper manner. Accordingly, this meeting has been duly called and is now ready for the transaction of business. At this time, I kindly ask that any shareholders other than management and directors via teleconference identify themselves at this time again. Okay, I will assume there are no shareholders present via teleconference. So there's no shareholders, we can move on to Schedule A. In view that this is an in-person and teleconference meeting and that no shareholders or other persons are present other than management and directors, I hereby move that the reading of the script be dispensed with and all matters set forth in the Management Information Circular be approved as provided for in the Management Information Circular. Any discussion?

All those opposed to dispensing with the requirement to read the script, please indicate your opposition. Okay, I declare this motion carried. Is there any further business? Okay, there being no further business, I hereby make a motion that the meeting be terminated. All those opposed to terminating the meeting, please indicate your opposition. All right, I declare that this meeting is now terminated. Thank you for attending. All right, that was quick and easy. Thanks, all. Thanks, everybody, for attending.

Joe Furness
Recording Secretary, DLA Piper

Thank you.

Cale Moodie
Chairman, President, and CEO, Neptune

Thanks, everyone.

Please take care. Bye-bye.

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