VANCOUVER, BRITISH COLUMBIA--(Marketwire -04/02/12)- Med BioGene Inc. (TSX-V: MBI.V - News) today announced that the annual meeting of MBI shareholders scheduled for, and convened on March 30, 2012, was adjourned due to the lack of requisite quorum.
The annual meeting has been adjourned to Tuesday, April 10, 2012 at 10:00 a.m. (Pacific Time) at the Terminal City Club, 837 West Hastings Street, Vancouver, British Columbia.
MBI's articles provide that the quorum for the transaction of business at a meeting of shareholders is two shareholders represented in person or by proxy holding in aggregate at least 20% of the issued shares.
At the adjourned meeting to be held on April 10, 2012, if the 20% quorum is not present then the shareholders represented in person or by proxy at the meeting shall constitute quorum.
The Company's notice of meeting, information circular and form of proxy in respect of the annual meeting available on SEDAR at www.sedar.com and mailed to the MBI shareholders remain unchanged.
Proxies previously submitted in respect of the meeting will be voted at the adjourned meeting unless properly revoked. Given the adjournment, proxies may now be received by our registrar and transfer agent, Computershare Investor Services Inc., no later than April 4, 2012 at 10:00 a.m. (Pacific Time). Proxies received by Computershare after this time will not be accepted; however, the Chairman of the meeting may determine, in his sole discretion, to accept a proxy that is delivered in person to the Chairman at the meeting as to any matter in respect of which a vote has not already been cast.
About Med BioGene
MBI is a life science company focused on the development and commercialization of genomic-based personalized clinical laboratory diagnostic tests. MBI is committed to advancing personalized medicine by commercializing tests that provide clinically relevant information to improve patient treatment and reduce health care costs. MBI and Precision Therapeutics have partnered to commercialize MBI's flagship test, LungExpress Dx. For more information on MBI, please visit www.medbiogene.com. For more information on Precision Therapeutics, please visit www.precisiontherapeutics.com.
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LungExpress Dx is MBI's trademark. Each trademark, trade name or service mark of any other entity appearing in this news release belongs to its holder.
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