Avante Logixx Inc. announced that Mr. Wade Burton, has been appointed to Avante's Board of Directors, effective July 18, 2022. Wade Burton is President and Chief Investment Officer at Hamblin Watsa Investment Counsel Ltd., in its capacity as investment manager of Fairfax Financial Holdings Limited and certain affiliates thereof. Fairfax beneficially owns and controls (indirectly through its insurance company subsidiaries) 5,297,434 of the issued and outstanding common shares of Avante, representing approximately 19.9% of all issued and outstanding common shares.

Mr. Burton was nominated by Fairfax to join the Avante Board of Directors pursuant to Fairfax's director nomination right in its convertible debenture subscription agreement dated November 13, 2019.