| PhosCan Chemical Announces Results of Annual and Special Meeting | |
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TORONTO, ONTARIO--(Marketwired - Jul 31, 2014) - PhosCan Chemical Corp. (FOS.TO) ("PhosCan" or the "Company") announces the results of its annual and special meeting of shareholders (the "Meeting") held in Toronto, Ontario on July 31, 2014.
At the Meeting, all director nominees listed in the Company's management information circular dated July 2, 2014 were elected as directors of the Company. The detailed results of the votes cast for each director elected at the Meeting were as follows:
Director |
Number of
Votes For |
Percentage of
Total Votes Cast |
| Stephen D. Case |
63,357,340 |
94.96 |
| Gordon S.T. McKinnon |
63,262,305 |
94.82 |
| A. Murray Sinclair |
58,552,805 |
87.76 |
| Stephen H. White |
63,410,240 |
95.04 |
| John D. Yokley |
63,410,440 |
95.04 |
In addition, at the Meeting shareholders appointed Collins Barrow Toronto LLP, Chartered Accountants, as auditors of the Company and ratified the advance notice amendment to the Company's by-laws.
The formal report on voting results with respect to the matters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.
About PhosCan
PhosCan owns a 100% interest in the Martison Project and currently has cash, short term investments and marketable securities of approximately $55.6 million. The Company continues to monitor economic conditions for attractively priced acquisitions and investment opportunities that would be accretive to shareholder value.
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Phoscan Chemical Corp
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Phoscan Chemical is a development stage company based in Canada. Phoscan Chemical is listed in Canada. Its market capitalisation is CA$ 34.3 millions as of today (US$ 24.7 millions, € 22.1 millions). Its stock quote reached its highest recent level on February 11, 2011 at CA$ 0.95, and its lowest recent point on February 05, 2016 at CA$ 0.21. Phoscan Chemical has 152 250 000 shares outstanding. |