Maxim Power Corp. Announces Annual General and Special Meeting Election Results

CALGARY, Alberta, June 03, 2025 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announced today the final director election results from its 2025 annual general and special meeting of shareholders held on June 3, 2025 (the “Meeting”). A ballot was conducted at the Meeting with respect to the election of the directors to hold office until the next annual meeting of shareholders. According to the proxies received and ballots cast, the following directors were elected at the Meeting to hold office until the next annual meeting of shareholders or until their successors are elected or appointed, unless such office is earlier vacated in accordance with the by-laws of the Corporation:

In addition to the foregoing, all unallocated stock options issuable pursuant to the Corporation's Stock Option Plan were approved and authorized at the Meeting until June 3, 2028, as described in the Information Circular of the Corporation dated April 21, 2025. The results of the vote by way of ballot were as follows:

Shareholders were also asked to consider and, if thought fit, approve an ordinary resolution to confirm the amended and restated By-Law No.1 of the Corporation, as described in the Information Circular of the Corporation dated April 21, 2025. The results of the vote by way of ballot were as follows: