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TORONTO, Sept. 18, 2018  – Avante Corp Inc. (TSXV: XX) (“Avante” or the “Company”)(XX.V) is pleased to announce the results of its annual general and special meeting of shareholders held on September 19, 2018 (the “Meeting”).

The Company put forward the following resolutions to be voted on by shareholders at the Meeting, all of which were approved: (i) to set the number of directors at seven (7); (ii) to appoint BDO Canada LLP as auditor of the Company for the 2019 fiscal year; (iii) the election of directors; (iv) the ratification of the Company’s Stock Option Plan; and (v) the approval of a consolidation of all of the Company’s issued and outstanding common shares (the “Common Shares”) at a ratio of up to eight (8) to one (1) (the “Consolidation”).

“I would like to thank the directors that did not stand for re-election for their service to Avante.” said Craig Campbell, CEO and Director of Avante Corp. “I would also like to thank the remaining and new directors for their guidance, mentorship and contribution as Avante continues to execute against its strategic plan of organic growth, integration of announced acquisitions and new M&A in the security services space.”

Each of the directors elected at the Meeting, being Craig Campbell, Leland Verner, Joseph Leeder, Andrew Coles, Stewart Lyons, Carol Osler, and Elizabeth Cynthia Tripp, will hold office until the next annual meeting of the Company or until their earlier resignation or removal.

Following the approval by the shareholders of the Company at today’s Meeting, the Company’s board of directors approved the implementation of the Consolidation on the basis of one (1) post-Consolidation Common Share for every five (5) pre-Consolidation Common Shares. The Consolidation remains subject to regulatory approval, including the approval of the TSX Venture Exchange. Further information with respect to the Consolidation, including the effective date of the Consolidation, will be provided by the Company in a subsequent news release.

The board of directors of the Company believes that the Consolidation will improve marketplace liquidity by bringing the price of the Common Shares into a range that is accessible to a broader group of potential investors. Further, the board of directors believes that the Consolidation better supports potential financing opportunities and future acquisitions by the Company.

A total of 63,588,006 Common Shares of the 104,082,885 Common Shares of the Company that were outstanding as at the record date were voted at the Meeting, representing 61.09% of the Common Shares.

Further information with respect to the matters considered at the Meeting can be found in the management information circular dated August 10, 2018, which is available under Avante’s issuer profile at

About Avante Corp

Avante Corp Inc. (XX.V) is a Toronto based provider of technology enabled security solutions. We acquire, manage and build industry leading businesses which provide specialized, mission-critical solutions that address the needs of our customers. Our businesses continuously develop innovative solutions that enable our customers to achieve their objectives. With an experienced team and a proven track record of solid growth, we are taking steps to establish a broad portfolio of security businesses to provide our customers and shareholders with exceptional returns. Please visit our website at and consider joining our investor email list.


All statements in this news release, other than statements of historical fact, may constitute “forward looking information” with respect to Avante within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. This forward-looking information includes statements with respect to, among other things, the effective date of the consolidation of the Common Shares.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward looking information, including, without limitation, the Company being unable to complete the steps necessary to cause the consolidation to occur on the timelines stated in this news release and the risks identified in Avante’s Management Discussion & Analysis, Annual Information Form and other continuous disclosure, which list is not exhaustive of the factors that may affect any of Avante’s forward-looking information. In connection with the forward-looking statements contained in this and subsequent press releases, Avante has made certain assumptions about its business and the industry in which it operates and has also assumed that no significant events occur outside of Avante’s normal course of business. Although management believes that the assumptions inherent in the forward-looking statements are reasonable as of the date the statements are made, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to the inherent uncertainty therein. Avante’s forward-looking information is based on the beliefs, expectations and opinions of management on the date the statements are made, and Avante does not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, readers should not place undue reliance on forward-looking information as there can be no assurance that the credit agreement will be entered into or on the terms described in this news release or at all.