RevoluGROUP Proxy Shareholder Group Issues Escalation Notice to Shareholders

Non-Implementation of Resolutions Non-Implementation of Resolutions The Proxy Shareholder Group provided the Board with a formal directors' resolution on June 27, 2025 , detailing clear steps to: Despite the board's prior request for this formal narrative and structure, the resolution remainsunsigned and unexecuted. No explanation has been offered. Undisclosed Loan, Breach of Disclosure Obligations Director Gavin McMillan has acknowledged in writing that the Company...

Non-Implementation of Resolutions

The Proxy Shareholder Group provided the Board with a formal directors' resolution on June 27, 2025, detailing clear steps to:

Despite the board's prior request for this formal narrative and structure, the resolution remains unsigned and unexecuted. No explanation has been offered.

Undisclosed Loan, Breach of Disclosure Obligations

Director Gavin McMillan has acknowledged in writing that the Company has received loan funding. Yet no public disclosure has been made regarding:

This failure to disclose constitutes a likely breach of TSXV Policy 3.3 (Timely Disclosure) and CSA National Policy 51-201 (Section 4.3), which explicitly require public issuers to disclose any borrowing of funds or mortgaging of assets as material information.

During a Cease Trade Order (CTO), such non-disclosure not only violates regulatory policy but also signals a troubling disregard for basic governance obligations.

Inappropriate Governance Conduct

Further concern arises from Mr. McMillan's recent communication encouraging a proxy group leader to engage privately with an unnamed third party ("Patrick") on WhatsApp regarding the Company's financial future. This individual has not been publicly disclosed as a company officer or consultant.

The Proxy Shareholder Group views this as a breach of fiduciary protocol, a potential violation of confidentiality, and a serious failure in governance transparency.

Shareholder Position and Next Steps

The Proxy Shareholder Group reaffirms that:

Shareholders are strongly encouraged to contact the Company and demand:

The Proxy Shareholder Group is prepared to continue engaging with regulators, legal counsel, and fellow shareholders to restore transparency, protect investor interests, and relist the Company under responsible management.

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