Zefiro Investigating Former CEO

Core Viewpoint - Zefiro Methane Corp. has initiated an internal investigation regarding potential misconduct by director Talal Debs, following a civil lawsuit that alleges his improper conduct during his tenure as CEO and at X Machina Sustainable Technologies Inc. [1][9] Group 1: Investigation Details - The Board of Directors became aware of a complaint filed in New York against Mr. Debs, which includes allegations of misconduct related to his role at X Machina Sustainable Technologies Inc. and its affiliates [2][9] - An internal investigation was deemed necessary due to alleged improprieties in Mr. Debs' handling of funds and other fiduciary misconduct, leading to the formation of a Special Committee [3][5] - The Board will monitor Mr. Debs' conduct to ensure he does not interfere with the investigation [5] Group 2: Mr. Debs' Actions - Following the Board meeting, Mr. Debs announced his intention to nominate an alternative slate of directors for the upcoming annual general meeting, which was not authorized by the Company [4] - The Company clarified that Mr. Debs' announcement was made in his personal capacity and raised questions regarding its propriety due to the ongoing allegations against him [4] Group 3: Company Overview - Zefiro Methane Corp. specializes in environmental services focused on methane abatement, aiming to be a key player in the emerging methane abatement marketplace [6]