Cardiol Therapeutics Inc 6-K, filed Jun 29, 2023
Cardiol Therapeutics Inc. (CRDL)
About this 6-K
Cardiol Therapeutics Inc filed this 6-K on June 29, 2023.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2023
Commission File Number: 001-40712
Cardiol Therapeutics Inc.
(Translation of registrant's name into English)
602-2265 Upper Middle Road East, Oakville, Ontario, Canada L6H 0G5
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
[X] Form 20-F [ ] Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
SUBMITTED HEREWITH
Exhibits
| Exhibit | Description | |
| 99.1 | News Release dated June 29, 2023 - Cardiol Therapeutics Reports Results of 2023 Annual General Meeting | |
| 99.2 | Report of Voting Results |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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CARDIOL THERAPEUTICS INC. |
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(Registrant) |
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Date: June 29, 2023 |
By: |
/s/ Chris Waddick |
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Chris Waddick |
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Title: |
Chief Financial Officer |
Cardiol Therapeutics Reports Results of 2023 Annual General Meeting
June 29, 2023
Oakville, ON - June 29, 2023 - Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) ("Cardiol" or the "Company"), a clinical-stage life sciences company focused on the research and clinical development of anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease, announces the results from its Annual General Meeting of Shareholders (the "AGM") held virtually via live audio webcast, on June 28, 2023. Shareholders voted in favour of all management resolutions proposed in the Company's Information Circular.
Resolutions proposed and approved at the AGM were:
- The election of the following directors for the ensuing year: David Elsley, Peter Pekos, Dr. Guillermo Torre-Amione, Colin Stott, Michael Willner, Jennifer Chao, Chris Waddick, Teri Loxam.
- The appointment of BDO Canada LLP as auditors of the Company until the next annual meeting and the authorization of the directors of the Company to fix the remuneration to be paid to the auditors.
The results of the voting on the election of directors are as follows:
| Nominees | Number of Shares For | Percentage of Votes Cast |
| David Elsley | 19,879,960 | 98.60% |
| Peter Pekos | 19,053,036 | 94.50% |
| Dr. Guillermo Torre-Amione | 19,046,006 | 94.47% |
| Colin Stott | 19,878,063 | 98.59% |
| Michael Willner | 19,874,624 | 98.58% |
| Jennifer Chao | 19,044,948 | 94.46% |
| Chris Waddick | 19,862,346 | 98.52% |
| Teri Loxam | 19,865,508 | 98.53% |
About Cardiol Therapeutics
Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) is a clinical-stage life sciences company focused on the research and clinical development of anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease. The Company's lead drug candidate, CardiolRx™ (cannabidiol) oral solution, is pharmaceutically manufactured and in clinical development for use in the treatment of heart disease. It is recognized that cannabidiol inhibits activation of the inflammasome pathway, an intracellular process known to play an important role in the development and progression of inflammation and fibrosis associated with myocarditis, pericarditis, and heart failure.
Cardiol has received Investigational New Drug Application authorization from the United States Food and Drug Administration to conduct clinical studies to evaluate the efficacy and safety of CardiolRx™ in two diseases affecting the heart: (i) a Phase II multi-center open-label pilot study in recurrent pericarditis (inflammation of the pericardium), which is associated with symptoms including debilitating chest pain, shortness of breath, and fatigue, and results in physical limitations, reduced quality of life, emergency department visits, and hospitalizations; and (ii) a Phase II multi-national, randomized, double-blind, placebo-controlled trial (the ARCHER trial) in acute myocarditis, an important cause of acute and fulminant heart failure in young adults and a leading cause of sudden cardiac death in people less than 35 years of age.
Cardiol is also developing a novel subcutaneously administered drug formulation of cannabidiol intended for use in heart failure - a leading cause of death and hospitalization in the developed world, with associated healthcare costs in the United States exceeding $30 billion annually.
For more information about Cardiol Therapeutics, please visit cardiolrx.com.
Cautionary statement regarding forward-looking information:
This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events, or developments that Cardiol believes, expects, or anticipates will, may, could, or might occur in the future are "forward-looking information". Forward-looking information contained herein may include, but is not limited to, statements relating to the Company's focus on developing anti-inflammatory and anti-fibrotic therapies for the treatment of heart disease, the molecular targets and mechanism of action of the Company's product candidates, the Company's intended clinical study and trial activities and timelines associated with such activities, and the Company's plan to advance the development of a novel subcutaneous formulation of CardiolRx™ for use in heart failure. Forward-looking information contained herein reflects the current expectations or beliefs of Cardiol based on information currently available to it and is based on certain assumptions and is also subject to a variety of known and unknown risks and uncertainties and other factors that could cause the actual events or results to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, and are not (and should not be considered to be) guarantees of future performance. These risks and uncertainties and other factors include the risks and uncertainties referred to in the Company's Annual Report on Form 20-F dated March 28, 2023, as well as the risks and uncertainties associated with product commercialization and clinical studies. These assumptions, risks, uncertainties, and other factors should be considered carefully, and investors should not place undue reliance on the forward-looking information, and such information may not be appropriate for other purposes. Any forward-looking information speaks only as of the date of this press release and, except as may be required by applicable securities laws, Cardiol disclaims any intent or obligation to update or revise such forward-looking information, whether as a result of new information, future events, or results, or otherwise.
For further information, please contact:
Trevor Burns, Investor Relations +1-289-910-0855
trevor.burns@cardiolrx.com
June 29, 2023
RE: Cardiol Therapeutics Inc. - Report of Voting Results
In accordance with Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations, the voting results from Cardiol Therapeutics Inc.'s Annual General Meeting of Shareholders held on June 28, 2023, were as follows:
Item 1: Election of Directors
On a vote by electronic ballot (including votes cast by proxy), the following directors were re-elected for the ensuing year: David Elsley, Jennifer Chao, Michael Willner, Peter Pekos, Dr. Guillermo Torre-Amione, Colin Stott, Chris Waddick, and Teri Loxam.
| Nominees | Number of Votes For |
Percentage of Votes For |
Number of Votes Withheld |
Percentage of Votes Withheld |
| David Elsley | 19,879,960 | 98.60% | 281,713 | 1.40% |
| Jennifer Chao | 19,044,948 | 94.46% | 1,116,726 | 5.54% |
| Michael Willner | 19,874,624 | 98.58% | 287,050 | 1.42% |
| Peter Pekos | 19,053,036 | 94.50% | 1,108,638 | 5.50% |
| Dr. Guillermo Torre-Amione | 19,046,006 | 94.47% | 1,115,667 | 5.53% |
| Colin Stott | 19,878,063 | 98.59% | 283,610 | 1.41% |
| Chris Waddick | 19,862,346 | 98.52% | 299,328 | 1.48% |
| Teri Loxam | 19,865,508 | 98.53% | 296,166 | 1.47% |
Item 2: Appointment of Auditors
On a vote by electronic ballot (including votes cast by proxy), BDO Canada LLP were appointed as auditors of the Corporation until the next annual meeting and the directors of the Corporation were authorized to fix the remuneration to be paid to the auditors.
| Number of Votes For |
Percentage of Votes For |
Number of Votes Withheld |
Percentage of Votes Withheld |
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| Appointment of Auditors | 27,250,161 | 99.42% | 159,583 | 0.58% |
CARDIOL THERAPEUTICS INC.
(signed) Chris Waddick
Chris Waddick
Chief Financial Officer and Corporate Secretary