ProSep Announces Election of Directors
21 Giugno 2013 - 2:00PM
Marketwired
ProSep Inc. (TSX:PRP) ("ProSep" or the "Company"), dedicated to
providing process solutions to the oil and gas industry, today
announces that all of management's nominees listed in the
management proxy circular dated May 21, 2013, were elected as
Directors of ProSep Inc. at the 2013 Annual and Special Meeting of
Shareholders held on June 20, 2013.
Results of the vote are as follows:
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Votes For Votes Withheld
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Number Percentage Number Percentage
Name of Nominee of Votes of Votes of Votes of Votes
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Gerard Caron 9,279,839 71.11% 3,769,861 28.89%
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Paul Coppinger 9,296,614 71.24% 3,753,086 28.76%
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Jacques L.
Drouin 9,263,369 70.99% 3,786,331 29.01%
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Claude Fontaine 9,290,914 71.20% 3,758,786 28.80%
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David H. Laidley 9,295,364 71.23% 3,754,336 28.77%
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Richard Lint 9,290,866 71.20% 3,758,834 28.80%
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Anthony Rustin 9,290,014 71.19% 3,759,686 28.81%
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Joseph Wilson 12,384,110 94.90% 665,590 5.10%
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Final voting results on all matters voted at the Annual General
and Special Meeting have been filed with Canadian securities
regulators.
About ProSep
ProSep is a technology-focused process solutions provider to the
upstream oil and gas industry. ProSep designs, develops,
manufactures and commercializes technologies to separate oil, water
and gas generated by oil and gas production. For more information,
please visit www.prosep.com.
Caution concerning forward-looking statements
This press release may contain forward-looking statements within
the meaning of Canadian securities laws. Forward-looking statements
can generally be identified by the use of the conditional tense,
the words "may", "should", "would", "believe", "plan", "expect",
"intend", "anticipate", "estimate", "foresee", "objective" or
"continue" or the negative of these terms or variations of them or
words and expressions of similar nature. In particular,
forward-looking statements regarding ProSep's plans for its
business development strategy, anticipated customer orders, sales
and revenues, financial and operational projections and anticipated
results, anticipated results of field testing with potential
customers and expected benefits of ProSep's proprietary
technologies; and anticipated impact on ProSep of the factors
discussed under the heading Selected Risks in the latest management
discussion and analysis document ("MD&A"). These
forward-looking statements are based on, among other things,
management's assumptions, expectations, estimates, objectives,
plans and intentions as of the date hereof pertaining to, but not
limited to demand for ProSep's solutions, projected revenues and
expenses, the economic and industry environments in which the
Company operates or which could affect its activities, the
Company's ability to attract new customers, projected operating
costs and cost of raw materials and energy supply, expected timing
and amount of capital expenditures program of ProSep's potential
customers, target market acceptance of ProSep's solutions, current
and future solutions performance, evolving market conditions for
oil & gas producers; and success of commercialization approach
and strategic partnership initiatives. Although ProSep believes
that the expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be
placed on the forward-looking statements because ProSep can give no
assurance that they will prove to be correct. Because
forward-looking statements address future events and conditions, by
their very nature they involve numerous inherent risks and
uncertainties that contribute to the possibility that the
forward-looking statements may prove to be incorrect. ProSep cannot
assure investors that any of these forward-looking statements will
prove to be accurate. Further, if any of these statements are
inaccurate, the inaccuracy may be material.
Actual performance and results could differ materially from
those currently anticipated in the forward-looking statements due
to a number of factors and risks. Some of the factors that could
cause such differences include, but are not limited to uncertainty
as to market acceptance of new solutions and possible technological
change, competition, economic environment and especially conditions
in the oil & gas industry, legislative or regulatory
developments, ProSep's ability to penetrate core markets, expand
into new markets and manage future growth, the need for additional
financing and uncertainties as to access to sufficient capital
financing on acceptable terms, uncertainty as to achievement of
profitability and ability to meet cash requirements, availability
and retention of management and key personnel, the long sales and
implementation cycles for ProSep's solutions, reliance on major
customers, manufacturing, project execution, product defect and
product liability risks, dependence on third party suppliers,
exchange rate and currency fluctuations, protection of ProSep's
intellectual property rights; and risks related to ProSep's foreign
operations and compliance with anti-corruption and anti-bribery
laws. Assumptions, expectations and estimates made in the
preparation of forward-looking statements and risks that could
cause actual results to differ materially from current expectations
are further discussed under "Selected Risks" in the latest
MD&A. In light of the significant risks and uncertainties in
these forward-looking statements, investors should not place undue
reliance on or regard these statements as a representation or
warranty by the Company or any other person that the Company will
achieve its objectives, strategies and plans in any specified time
frame, if at all. The forward-looking statements contained or
incorporated by reference in this management discussion and
analysis relate only to events as of the date on which the
statements are made. Except as required under applicable securities
legislation, the Company does not undertake to update or revise
these forward-looking statements, whether as a result of new
information, future events or otherwise.
Contacts: ProSep Inc. Investor Relations and Media: Danielle
Ste-Marie VP Marketing & Corporate Development (514) 522-5550
ext. 238dste-marie@prosep.com
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