MONTREAL, July 9, 2013 /CNW Telbec/ - Argex Titanium
Inc. (TSXV: RGX) announced today that shareholders have
approved all resolutions put forth at the Company's Annual Meeting
of Shareholders held on Thursday, June 27,
2013, in Montreal,
Quebec.
| 1. |
Election of
Directors |
| |
Name of Nominee |
% For |
% Withheld |
| |
Roy Bonnell |
99.87% |
0.13% |
| |
Robert Guilbault |
99.90% |
0.10% |
| |
Mark Billings |
98.51% |
1.49% |
| |
Normand Bergeron |
99.90% |
0.10% |
| |
Mazen Haddad |
99.32% |
0.68% |
| |
Florian A. Rais |
99.30% |
0.70% |
| |
| 2. |
Appointment of the Auditors |
% For |
% Withheld |
| |
BDO Canada LLP, Chartered
Accountants |
99.95% |
0.05% |
| |
| 3. |
Ratification of the 2010 Stock Option
Plan |
% For |
% Against |
| |
Proposed by management in the May
28th, 2013 Management Proxy Circular |
99.02% |
0.98% |
| |
| 4. |
Approval of resolution amending an
Escrow Agreement |
% For |
% Against |
| |
Proposed by management in the May
28th, 2013 Management Proxy Circular |
99.11% |
0.89% |
Roy Bonnell,
Argex President and Chief Executive Officer, said, "We are pleased
with the results from our Annual Meeting this year, including the
participation of more than 42% of voting shares. The Argex team
would like to thank shareholders for their continued support."
Additionally, Argex reports that it has issued a
total of 1,990,000 stock options on July 9,
2013. Directors were granted 1,375,000 stock options,
employees were granted 265,000 while the 350,000 balance was
granted to consultants. These incentive stock options are
exercisable at $1.13 with an expiry
date of July 9, 2018 and have an
18-month vesting period.
About Argex Titanium Inc.
ARGEX Titanium Inc. is a near-term producer of
Titanium Dioxide (TiO2). With a primary goal of
advancing rapidly towards production, Argex has adopted a simple
and low-risk strategy for the scale-up of its proprietary process
that allows it to produce high quality TiO2 pigment
directly from run-of-mine material. The closed-loop process is
environmentally friendly and produces minimal inert tailings.
The Argex R&D Centre and its first
industrial sized production module will be situated in Salaberry-de-Valleyfield, Quebec. The location
of the site can be viewed at Argex Valleyfield.
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Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Argex Titanium Inc.