Core Viewpoint - Kolibri Global Energy Inc. urges shareholders to vote against a proposed resolution that seeks to limit the number of common shares the company can issue, arguing it would negatively impact shareholder value and the company's growth potential [2][4][11]. Company Overview - Kolibri Global Energy Inc. is a North American energy company focused on oil and gas projects, operating various subsidiaries in the United States [9]. Shareholder Meeting Details - A special meeting of shareholders is scheduled for November 25, 2025, to vote on the proposed resolution to cap the number of authorized common shares at 37,367,894 [1]. - The proxy voting deadline is set for November 21, 2025, at 9:00 a.m. Pacific Time [3][6]. Board's Recommendation - The Board of Directors unanimously recommends that shareholders vote against the proposed resolution, stating it would be detrimental to shareholders and not in the company's best interests [2][3][4]. Implications of the Proposed Resolution - The proposed share limit would restrict the Board's ability to issue shares as needed, potentially hindering strategic growth opportunities and negatively affecting the company's competitive position [4][11]. - Any future increase in authorized share capital would require a shareholder meeting, leading to unnecessary costs and delays [11]. Voting Instructions - Shareholders are encouraged to vote online or by telephone due to ongoing postal service disruptions in Canada [7][12]. - Assistance for voting can be obtained by contacting Barbara Fox at the provided contact details [8].
Kolibri Global Energy Inc. Files Management Information Circular for the Requisitioned Special Meeting of Shareholders and Urges Shareholders to Vote Against the Share Limit Resolution