Not for distribution to U.S. news wire services or for dissemination in the United States Toronto, Ontario, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Avante Corp. (TSX.V: XX) (“Avante” or the “Company”) is pleased to announce that the Company’s five nominees set forth in the Company’s management information circular dated September 15, 2025 (the “Circular”), being Daniel Argiros, Wade Burton, Robert Klopot, Emmanuel Mounouchos and Bruce Bronfman, were all elected as directors of the Company at the annual general an ...

Core Viewpoint - Avante Corp. is addressing allegations made by dissident shareholder George Christopoulos, asserting that his claims are misleading and aimed at advancing a narrow agenda at the expense of the broader shareholder base [2][3][5]. Group 1: Response to Dissident Claims - The Board of Avante rejects the dissident's narrative as misleading and incomplete, emphasizing their commitment to sound governance and long-term value creation [3][6]. - Avante's management and Board did not receive the dissident's shareholder proposals in a timely manner, which were submitted after the statutory deadline [5]. - The Board is composed predominantly of independent directors dedicated to representing all shareholders' interests [3][6]. Group 2: Corporate Governance and Strategy - Avante emphasizes that compensation matters are determined in accordance with legal requirements and good corporate governance principles, with transparency in disclosures [3][6]. - The Corporation is focused on executing its strategic plan, operational improvements, and initiatives for sustainable growth [4][7]. - Shareholders are encouraged to review Avante's continuous disclosure record for accurate information regarding governance and strategic priorities [7]. Group 3: Upcoming Shareholder Meeting - Avante is holding its annual general and special meeting of shareholders on October 21, 2025, encouraging participation [8].