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.