PesoRama Inc.: PesoRama Announces Leadership Changes After Dissidents Prevail in Proxy Contest
Toronto, Ontario--(Newsfile Corp. - December 10, 2020) - PesoRama Inc. ("
PesoRama" or the "
Company") announced today that, after a proxy contest, all directors nominated by a group of shareholders (the "
Concerned
Shareholders") led by The Ocean View Trust, a family trust of Rahim Bhaloo, the founder, a director and now the Executive Chairman of PesoRama, together with 2110958 Alberta Ltd., a company controlled by Mr. Bhaloo, were elected to the board of directors of PesoRama, replacing the nominees proposed by PesoRama's previous management. In addition, PesoRama announces that it has entered into a letter of intent with Skyscape Capital Inc. to complete a business combination transaction.