AVANTE LOGIXX INC. ANNOUNCES VOTING RESULTS FROM ITS ANNUAL

TORONTO, ON, Sept. 29, 2022 (GLOBE NEWSWIRE) — Avante Logixx Inc. (“Avante” or the “Company”) (TSXV: XX) is pleased to announce the results of its annual general and special meeting of shareholders held on September 29, 2022 (the “Meeting”).

The Company put forward the following resolutions to be voted on by shareholders at the Meeting: (i) to set the number of directors at five (5); (ii) the election of directors; (iii) to appoint RSM Canada LLP as auditors of the Company until the next annual meeting of shareholders of the Company; (iv) to approve the Company’s amended and restated 10% rolling stock option plan; and (v) to authorize the Corporation to change its name from Avante Logixx Inc. to Avante Corp. Resolutions (i) to (v) were approved by shareholders.

A total of 10,512,786 Common Shares of the 26,489,438 Common Shares of the Company that were outstanding as at the record date were voted at the Meeting, representing 39.687% of the Common Shares.

The results are as follows:

1.        SETTING OF NUMBER OF DIRECTORS

2.        ELECTION OF DIRECTORS

3.        REAPPOINTMENT OF AUDITOR

4.        APPROVAL OF STOCK OPTION PLAN

5.        APPROVAL OF CORPORATE NAME CHANGE

Each of the directors elected at the Meeting, being Daniel Argiros, Wade Burton, Robert Klopot, Emmanuel Mounouchos and Leland Verner, will hold…