Company: MDCXW
Filing Date: 2025-06-13
Form Type: PRE 14A
Source: 0001062993-25-011673
Chunk: 40

Company: Medicus Pharma Ltd.
Filing Date: 2025-06-13
Form: PRE 14A
Chunk 40
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Implementation

The Share Reorganization resolution (the "Share Reorganization Resolution"), as set out below, provides that the Board is authorized, in its sole discretion, to determine to proceed or note proceed with one or more Share Reorganizations without further approval of the Shareholders.

Shareholder Approval

In order to effect any Share Reorganization, the Company will file articles of amendment pursuant to the OBCA to amend its current articles (the "Articles of Amendment"). Such Articles of Amendment shall only be filed upon the Board deciding, in its sole discretion, to proceed with such Share Reorganization. Each Share Reorganization will become effective on the date shown in the certificate of amendment issued pursuant to the OBCA.

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In accordance with the OBCA, the Share Reorganization Resolution must be approved by not less than sixty-six and two-thirds percent (66 2⁄3%) of the votes cast by the Shareholders represented at the Meeting in person or by proxy.

The Board recommends that Shareholders vote in favor of the following Share Reorganization Resolution at the Meeting.

"RESOLVED, as a special resolution of the shareholders of Medicus Pharma Ltd., that:

(a)the board of directors (the "Board") of Medicus Pharma Ltd. (the "Company") is authorized to take such actions as are necessary to effect a consolidation or share split (the "Share Reorganization") of all of the issued and outstanding Common Shares at such a consolidation or share split ratio, as the case may be, to be determined by the Board in its sole discretion;

(b)the Board be and is hereby authorized in its sole direction to fix the consolidation or share split ratio, as the case may be, to be used in the Share;

(c)in the event that the Share Reorganization would otherwise result in the issuance of a fractional Common Share, no fractional Common Share shall be issued and such fraction will be rounded down to the nearest whole number;

(d)the Board, in its sole discretion, may act upon this resolution to effect the Share Reorganization, or, if deemed appropriate and without any further approval from the shareholders of the Company, may approval of the Share Reorganization, and it is authorized to revoke this special resolution in its sole discretion at any time prior to effecting the Share Reorganization;

(e)any officer or director of the Company is authorized to cancel (or cause to be cancelled) any certificates evidencing the existing Common Shares and to issue (or cause to be