East Side Games Group Inc. (EAGR) Earnings Call Transcript & Summary

So everyone, I see that it's 10:01, and I thank you, everyone, for attending. My name is Derek Lew, and I've been asked, since I'm here in person, by our Chair and CEO, Jason Bailey, to chair this meeting. And so with your consent, I will act as Chair of this meeting. A little bit [ housekeeping ] before we get started. As the meeting is proceeding virtually and not in person and to facilitate the progress of this meeting, for each motion tabled for approval, I will be assumed as having to move the motion, and I'll ask for only those votes in the negative. All other shareholders will be assumed to be voting in support of the motion. For those shareholders voting in the negative, when asked, please indicate your name and the number of shares represented by your vote. I see that we have Kari Hobbis from our transfer agent here. Hi, Kari, thank you for attending. I appoint Kari Hobbis of Odyssey Trust Company to act as scrutineer. In order for you -- those of you that are here in person, in order for your vote to be counted at the meeting, whether you are a shareholder or hold proxy, you must register with the scrutineer if you have not already sent in your proxy. If you've not done so, would you please do so now? And Jason, how can we solve it?

Yes, people can raise their hands in the chat and then they can say their names and their shares.

Okay. So if anyone here needs to register, please raise your hand in the chat. I'm assuming everyone has sent in the proxy. So I think we'll probably get good action in the chat, Jason?

Yes. No, that's good.

Okay. Great. Thank you very much. Thanks for sending your proxies in advance so that we can have an efficient meeting, everyone. In terms of the Secretary, nominations are now in order for the Secretary of this meeting. I'm going to nominate Sarah [indiscernible] to act as Secretary. If there's any opposed? I hear none. Thank you. Sarah is hereby appointed to act as Secretary. In terms of a quorum for this meeting, a quorum is 2 persons who are represented by proxy, shareholders who in the aggregate hold at least 5% of the issued shares entitled to be voted at the meeting. The report of the scrutineer, thank you, Kari, indicates that there are 2 shareholders present in person, representing 34,021,141 shares and 2 shareholders by proxy representing 7,845,451 shares of the issued capital of the company for a total of 4 shareholders holding 42,128,592 shares. Thank you very much, Kari. Therefore, I declare that a quorum of members is present and this meeting to be regularly called and duly constituted and now ready for the transaction of business. The first item of business is the notice of meeting. Proof of service of the notice of the meeting has been filed with the Secretary. The following is moved as a motion for approval of the meeting. Resolved that the reading of notice calling this meeting be dispensed with and that the notice be taken as if read and approved. Are there any opposed? Motion is carried. Thank you. The second item of business is the management's report, financial statements and the auditor's report. The management's report, copies of the financial statements accompanied for the year ended December 31, 2024, and the report of the company's auditors thereon have been mailed to shareholders who requested them and posted on SEDAR. The following motion is moved for approval and a discussion of the management's report and financial statements will follow after all of the motions are voted on. Resolved that the financial statements for the fiscal year ended December 31, 2024, consisting of consolidated statement of financial position, consolidated statement of loss and comprehensive loss, consolidated statement of changes in equity, consolidated statement of cash flows in each case with comparative figures for the preceding fiscal year, together with the notes and the auditor's report as well as the management's report to shareholders be received. Are there any opposed? Hearing none, the motion is carried. We're going to move on to the resolutions mentioned in the notice calling the meeting. The first being fixing the number of directors. Before we proceed to the nomination of directors, the following motion to fix the number of directors is moved for approval. Resolve that the number of directors of the company to be fixed at 6. Are there any opposed? Hearing none, the motion is carried. Moving on to nominations of directors. The meeting is now open for the nomination of candidates to the Board of Directors. The directors set forth in the information circular, namely Jason Bailey, Derek Lew, Jeremy Pierce, Russell Ovans, Darren Xu and Robert McLay are hereby nominated for election. Are there any further nominations? Hearing no further nominations, I now declare the nominations closed. Elections of directors must occur on a name-by-name basis. So motions electing the aforementioned nominees are hereby moved for approval as follows: Resolve that Jason Bailey be elected as a director of the company. Are there any opposed? Hearing none, the motion is carried. Resolve that Derek Lew be elected as a director of the company. Are there any opposed? Hearing none, the motion is carried. Resolve that Jeremy Pierce be elected as a director of the company. Are there any opposed? Hearing none, the motion is carried. Resolve that Russell Ovans be elected as a director of the company. Are there any opposed? Hearing none, the motion is carried. Resolve that Darren Xu be elected as a director of the company. Are there any opposed? Hearing none, the motion is carried. Resolve that Robert McLay be elected as a director of the company. Are there any opposed? Hearing none, the motion is carried. Moving on to the appointment of auditors. The next item of business is the appointment of the auditors for the company. The following motion is moved for approval. Resolve that BDO Canada LLP, chartered professional accountants, be appointed auditors of the company and that the directors be authorized to fix the remuneration of the auditors. Are there any opposed? Hearing none, the motion is carried. And now we're here for, I think what everyone's favorite part of the meeting is the conclusion. Is there any other business? There being no other business, I will now move to conclude the meeting as follows: Resolve that the 2024 Annual General Meeting of East Side Games Group, Inc. be concluded. Are there any opposed? Hearing none, the motion is carried. I therefore declare this motion concluded. Thank you very much for attending, everyone. I appreciate it.

All right. Thanks, everyone.

Thanks, everyone.