ImagineAR’s Annual General Meeting: New Directors and Consulting Agreements
Vancouver, BC, February 28, 2025 – ImagineAR (CSE: IP) (OTCQB: IPNFF) (FSE: GMS1), a leading augmented reality (“AR”) technology company, is proud to share the results of its Annual General Meeting of Shareholders (“AGM”) that took place on Tuesday, February 25, 2025. The following key decisions were made:
Board of Directors
Shareholders decided to keep the board size at three members. The following individuals were elected as directors:
- Alen Paul Silverrstieen, CEO
- Gurdip Panaich, Independent Director
- Mike Tunnicliffe, Independent Director
Appointments and Authorizations
Additionally, the following resolutions were approved:
- Appointment of Baker Tilly WM LLP as the auditor for the upcoming fiscal year
- Authorization for the directors to establish the remuneration for the auditor
- Approval of a resolution to authorize the continuation of the Company’s rolling stock option plan
Consulting Agreement with Metsec Financial Corporation
Another significant announcement from the AGM was the entry into a consulting agreement between ImagineAR and Metsec Financial Corporation (“Metsec”). This three-year agreement designates Metsec as the sales and marketing consulting advisor for the company’s Immersive Entertainment Centres.
Impact on Shareholders
The new board members bring a wealth of experience and expertise to ImagineAR, which could potentially lead to increased growth and profitability. The appointment of Baker Tilly WM LLP as auditor and the continuation of the rolling stock option plan are common practices for companies and should not significantly impact shareholders. The consulting agreement with Metsec Financial Corporation is expected to enhance the company’s sales and marketing efforts, which could result in increased revenue and potential share price growth.
Impact on the World
ImagineAR’s focus on AR technology and immersive entertainment centres is a growing sector in the tech industry. The company’s continued success, as evidenced by the AGM results, could contribute to the increasing popularity and adoption of AR technology worldwide. The consulting agreement with Metsec Financial Corporation could lead to more effective marketing strategies for AR technology companies, potentially driving innovation and growth in the sector.
Conclusion
The results of ImagineAR’s Annual General Meeting of Shareholders demonstrate the company’s continued commitment to growth and innovation in the AR technology sector. The election of new board members, the appointment of Baker Tilly WM LLP as auditor, and the continuation of the rolling stock option plan are common practices for companies and should not significantly impact shareholders. The consulting agreement with Metsec Financial Corporation, however, is expected to boost sales and marketing efforts, potentially leading to increased revenue and share price growth for ImagineAR. The broader implications of these developments could include increased adoption and innovation in the AR technology sector, ultimately benefiting consumers and businesses worldwide.
