LGC Announces Results of Annual Meeting

Symbol: TSX-V: LG

MONTREAL, April 10, 2018 /CNW Telbec/ - LGC Capital Ltd. (TSXV: LG) ("LGC") is pleased to announce that at its annual meeting of shareholders held yesterday in Montreal, Québec, all five of the nominees listed in its management information circular dated February 28, 2018 were re-elected as directors with a vote of more than 99% of the shares voted.  LGC's directors are David Lenigas, Mazen Haddad, Anthony Samaha, Mohammed Ghafari and Rafi Hazan.

David Lenigas, LGC's Co-Chairman commented; "We thank our shareholders for their strong support at today's meeting, as evidenced by the 99% vote for our directors.  Our shareholders know that LGC's Board of Directors and management are working tirelessly to build the company."

At the annual meeting, shareholders also adopted a resolution, as required by the TSX Venture Exchange, ratifying and confirming amendments to LGC's 2016 Stock Option Plan so as to increase the number of shares that can be issued thereunder.  Almost 99.5% of the shares voted on the resolution were in favour.

Shareholders also adopted three other resolutions required by the TSX Venture Exchange, in each case with more than 98% of the shares voted.  In addition, each of the three resolutions was approved by a majority of shares cast by "disinterested" shareholders, as required by the TSX Venture Exchange.  The three resolutions, respectively, ratified and confirmed a grant of stock options in respect of an aggregate of 9,750,000 common shares to six directors and officers of LGC pursuant to the 2016 Stock Option Plan; ratified and confirmed loans made by LGC to three directors and officers to fund the exercise of stock options held by them and to fund the payment of Canadian federal and Québec provincial taxes resulting from the exercise; and approved the issuance of 1,230,468 shares by LGC to a former insider in settlement of debt.

At the meeting, shareholders also reappointed Ernst & Young LLP, Chartered Professional Accountants, as LGC's auditor.

Immediately after the annual meeting, LGC's Board of Directors re-appointed LGC's officers for the ensuing year, namely, David Lenigas (Co-Chairman), Mazen Haddad (Co-Chairman), John A.D. McMullen (President and Chief Executive Officer), Anthony Samaha (Chief Financial Officer) and Rafi Hazan (Secretary).

About LGC (http://www.lgc-capital.com)

LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: LG). LGC's objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services.

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SOURCE LGC Capital Ltd