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ZenaTech Issues Open Letter to Shareholders of Boardwalktech Software Corp. Regarding Failure to Hold 2026 AGM and Continuing Corporate Governance Deficiencies

Newsfile Corp•20/10/2026•16:27 ET
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Key Highlights

  • ➤ZenaTech holds 19.72% of Boardwalktech, or 25,779,437 shares
  • ➤Boardwalktech scheduled a January 22, 2027 special meeting without calling its 2026 AGM
  • ➤ZenaTech requested BCSC and TSXV intervention to compel an AGM by December 31, 2026
  • ➤Boardwalktech failed five Celtic Bank covenant tests; US$2,505,753 debt matures March 2027
  • ➤ZenaTech may petition British Columbia Supreme Court for an immediate AGM and interim relief

* Boardwalktech's Board schedules a January 2027 Special Meeting to avoid AGM and force higher voting thresholds which is oppressive to all shareholders. * ZenaTech submits formal complaint to British Columbia Securities Commission and TSX Venture Exchange requesting regulatory intervention. * In the event the Company fails to voluntarily comply with its statutory duties or regulators decline to intervene, ZenaTech proposes to petition the Supreme Court of British Columbia for an order compelling an immediate AGM and granting interim relief. * Boardwalktech's Board lacks basic independence, with executives serving on Audit and Compensation Committees while receiving substantial salaries, despite material financial concerns at the company. * Governance failures, securities law non-compliance, and repeated dilutive financings that are too small to build scale while management continues to draw hefty pay. * It is time to restore independence, governance, and capital discipline to Boardwalktech.

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