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Apollo Capital Comments on MediPharm Labs’ Failure to Respond to Reasonable Offer to Ensure Fair, Lawful and Transparent 2025 Annual Meeting

  • In connection with MediPharm Labs’ 2025 Annual Meeting, Apollo Capital submitted a revised version of its dissident information circular to comply with applicable corporate and securities regulations.
  • The filing reflects Apollo Capital’s compliance with disclosure requirements outlined in NI 51-102 and utilizes a related provision under Ontario’s Business Corporations Act permitting public solicitation.
  • The circular includes disclosure about Apollo Capital’s director nominees and proxy revocation procedures under Ontario law, advising shareholders to read it carefully.
  • Apollo Capital engaged Carson Proxy Advisors with fees up to $250,000 and Gasthalter & Co. LP, which will receive at least US$75,000 plus a potential $250,000 performance fee if nominees secure a board majority.
  • Apollo Capital plans to recover its solicitation expenses from MediPharm to the fullest extent allowed by law, while emphasizing that all forward-looking statements reflect conditions solely as of the stated date.
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Inside Halton broke the news in Halton Hills, Canada on Friday, May 23, 2025.
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