Director's consent resolutions are provided by addy as part of the issuance process.
For a brief overview of the document, please see below. Click here to view our template director's consent resolution.
- A director's consent resolution is a formal document that outlines decisions or actions taken by the directors of a company outside of a formal board meeting. It serves as a way for directors to make decisions and approve actions without convening a physical meeting, especially for matters that do not require extensive discussion or where time constraints are a factor.
- This directors consent resolutions authorizes and ratifies a private placement offering, the execution of subscription agreements with various subscribers and the issuance of securities.
- The resolutions also approve the filing of necessary documents with Canadian securities commissions, authorize the issuance and recording of securities in the company's register, and empower designated signatories to execute required filings and documents.
- The resolutions are effective immediately upon signing and may be executed in multiple counterparts for convenience.