Burcon Announces Details on Annual Shareholder Meeting

Core Viewpoint - Burcon NutraScience Corporation is progressing towards its 2025/2026 milestones with over 150 active customer projects, indicating strong potential for recurring revenue and rapid scaling to enhance shareholder value [2]. Group 1: Company Overview - Burcon NutraScience Corporation is a global leader in plant-based protein innovation, focusing on high-performance proteins for the food and beverage industry [9]. - The company has a robust patent portfolio covering proteins derived from various plant sources, including pea, canola, soy, hemp, and sunflower [9]. Group 2: Shareholder Meeting Details - The annual general and special meeting of shareholders is scheduled for September 17, 2025, at 10 am Pacific Time, to be held virtually [1]. - Shareholders will vote on the election of directors, appointment of auditors, and amendments to outstanding warrants [3]. Group 3: Warrant Repricing - The company proposes to amend the exercise price of all outstanding warrants to $3.50 per Common Share, with all other terms remaining unchanged [2]. - Specific warrants affected include those issued in May 2023 and March 2024, with current exercise prices of $5.89 and $4.544, respectively [3]. Group 4: Disinterested Shareholder Approval - The amendment to the warrants requires approval from a simple majority of disinterested shareholders at the meeting [4]. - Separate approvals will be sought for each tranche of warrants, and if any tranche does not receive approval, its exercise price will remain unchanged [5][6]. Group 5: Voting Exclusions - Insiders and their affiliates will be excluded from voting on the Warrant Amendment Resolutions, with specific percentages of shares to be excluded detailed in the meeting materials [7][8].