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Posted 19 December, 2023

Cell MedX Corp. appointed Mr. David Jeffs as new CEO

OTC:CMXC appointed new Chief Executive Officer Mr. David Jeffs in a 8-K filed on 19 December, 2023.


  On December 12, 2023, Mr. David Jeffs was appointed as Chief Executive Officer of the Company to fill the vacancy resulting from Mr. Yaretz's resignation.  

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Overview of Cell MedX Corp.
Health Care/Life Sciences • Pharmaceuticals
Cell MedX Corp. is a biotech company, which engages in the discovery, development and commercialization of therapeutic and non-therapeutic products that promote general wellness. Its products include microcurrent therapy and eBalance systems. The company was founded on March 19, 2010 and is headquartered in Carson City, NV.
Market Cap
$8.84M
View Company Details
Cell MedX Corp. by TradingView
Relevant filing section
ITEM 5.02
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. 


Resignation of Chief Executive Officer and Vice President of Technology and Operations


On December 12, 2023, Mr. Dwayne Yaretz resigned as Chief Executive Officer of the Company and Mr. Brad Hargreaves resigned as Vice President of Technology and Operations of the Company. Mr. Yaretz and Mr. Hargreaves continue to serve as directors of the Company. Mr. Yaretz's and Mr. Hargreaves' resignations were not due to any disagreement with the Company on any matter relating to the Company's operations, policies, practices or otherwise.


Appointment of New Chief Executive Officer and Additional Directors


On December 12, 2023, Mr. David Jeffs was appointed as Chief Executive Officer of the Company to fill the vacancy resulting from Mr. Yaretz's resignation. In addition, the Company's board of directors was increased to seven (7) directors by the appointment of Mr. Jeffs and Mr. Amir Vahabzadeh as directors of the Company.


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From October 2010 to May 2023, Mr. Jeffs acted as the President and Secretary and a director of Live Current Media Inc. ("Live Current"), a media technology company involved in the creator economy, bringing together a select group of companies and technologies to create a platform that powers the independent creator. Mr. Jeffs also acted as the Chief Executive Officer, Chief Financial Officer and Treasurer of Live Current from October 2010 to April 2022. Mr. Jeffs was also the Chief Executive Officer of Live Current from July 2002 through May 2007 and the President and a director of Live Current Media from July 2002 through September 2007. During his first tenure as CEO of Live Current, Live Current was recognized as one of the fastest growing companies in British Columbia for three years running by Business in Vancouver magazine and as one of the fastest growing companies in Canada for two years in a row by Profit500 magazine. Prior to his position with Live Current, Mr. Jeffs was the president and director of a private corporation trading in consumer goods products. Mr. Jeffs graduated from the University of British Columbia with a Bachelor of Arts where he majored in economics.


Mr. Vahabzadeh has been involved in the Internet and health and wellness industries as an online business owner and consultant for over 15 years. Mr. Vahabzadeh also owned and operated a thoroughbred racing and breeding facility in British Columbia. Mr. Vahabzadeh holds a Bachelor of Arts degree and is a graduate of the University of British Columbia.


As of the date of this report, the Company has not entered into any compensatory contracts or arrangements with Mr. Jeffs or Mr. Vahabzadeh.


A copy of the Company's news release regarding the above matters is attached to this Form 8-K.