Core Viewpoint - Kolibri Global Energy Inc. is urging shareholders to vote against a proposed resolution that seeks to cap the number of common shares authorized for issuance at 37,367,894, arguing that it would negatively impact shareholder value and the company's growth opportunities [4][5]. Summary by Sections Proposed Resolution - The proposed resolution aims to limit the number of common shares the company can issue, which the board believes would be detrimental to shareholders and not in the company's best interests [4]. - The board unanimously recommends shareholders vote against the proposed resolution, citing potential negative impacts on the company's competitive position and flexibility for future share issuances [4][5]. Board and Management Position - All officers and directors of the company oppose the proposed resolution, collectively controlling approximately 17.35% of the outstanding shares, although this number has been reduced to 1.32% due to one director's undecided voting stance [2][3]. - The board's concerns include the limitation on their ability to fulfill fiduciary duties and the potential for increased costs and delays in future share capital increases [4][5]. Shareholder Voting Information - Shareholders are encouraged to read the management information circular in full and vote against the proposed resolution by the deadline of 9:00 a.m. (Pacific time) on November 21, 2025 [6][7]. - Due to labor action affecting postal services, shareholders are advised to vote electronically or by telephone [8]. Company Overview - Kolibri Global Energy Inc. is focused on energy projects in oil and gas, operating properties in the United States and trading on the TSX and NASDAQ [10].
Kolibri Global Energy Inc. Provides Update Regarding Information Circular Disclosure