MiMedia Holdings Inc. Announces Interest Payment Share Issuance and Annual General Meeting Results

Strategic Insights -

MiMedia Holdings Inc. has issued 445,957 subordinate voting shares to settle interest owing to holders of its outstanding 10% Unsecured Convertible Debentures as of June 30, 2025. The Interest Payment Shares were issued at a market price of $0.495 per share. Additionally, the company announced the voting results from its Annual General and Special Meeting, which were held on July 3, 2025, with all matters submitted for approval being approved by the requisite majority of votes cast. The incumbent members of the board of directors, including Christopher Giordano, John MacPhail, David Smalley, Seth Solomons, and James Allan, were re-elected. McGovern Hurley LLP was appointed as the company's auditors for the ensuing year.

Key Takeaways:

  • MiMedia Holdings Inc. issued 445,957 subordinate voting shares to settle interest owing to holders of its outstanding 10% Unsecured Convertible Debentures as of June 30, 2025.
  • The Interest Payment Shares were issued at a market price of $0.495 per share.
  • The company's Annual General and Special Meeting was held on July 3, 2025, with all matters submitted for approval being approved by the requisite majority of votes cast.
  • The incumbent members of the board of directors, including Christopher Giordano, John MacPhail, David Smalley, Seth Solomons, and James Allan, were re-elected.
  • McGovern Hurley LLP was appointed as the company's auditors for the ensuing year.
  • A total of 7,610,068 shares were voted at the Meeting, representing 8.50% of all outstanding shares.
  • The company's amended and restated omnibus equity incentive plan was re-approved through an ordinary resolution.

Statistics:

  • 445,957 subordinate voting shares were issued by MiMedia Holdings Inc. to settle interest owing to holders of its outstanding 10% Unsecured Convertible Debentures.
  • The Market Price per subordinate voting share of MiMedia Holdings Inc. on June 30, 2025, was $0.495.
  • 7,610,068 shares were voted at the Annual General and Special Meeting, representing 8.50% of all outstanding shares.

Sources:

  • (Source: Newsfile Corp., July 8, 2025)
  • TSX Venture Exchange Policy 1.1 - Interpretation
  • Convertible Debenture Indenture between MiMedia Holdings Inc. and Odyssey Trust Company dated March 14, 2023, and supplemental convertible debenture indenture dated July 20, 2023.