Rights Plan Continued from AGM Vote Posted on Sedar.
PHOSCAN CHEMICAL CORP. Tel: 416-972-9222
2 Bloor Street West, Suite 2005, Toronto, Ontario M4W 3E2 Fax: 416-972-0662
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July 26th, 2012
Ontario Securities Commission
Alberta Securities Commission
British Columbia Securities Commission
Dear Sirs:
Re: Phoscan Chemical Corp. (the ‘Corporation’)
Report of Voting Results pursuant to section 11.3 of National Instrument 51-102 -
Continuous Disclosure Obligations (‘NI51-102’)
| Following the annual and special meeting of shareholders of Phoscan Chemical Corp. held on July 25th, 2012, and in accordance with section 11.3 of NI51-102, we hereby advise you of the following voting results obtained at the said meeting: Item Voted Upon | Voting Result |
| 1. Election of Directors nominated in the Corporation’s management information circular dated June 7th, 2012 | * The nominees proposed by management were elected by shareholders on a show of hands. |
| 2. Appointment of McCarney Greenwood LLP, Chartered Accountants, as the Corporation’s auditors and authorization for the Board of Directors to fix their remuneration | * The resolution was approved by shareholders on a show of hands. |
| 3. Ratification of the continued existence of the Corporation’s Shareholder Rights Plan. | * Was approved through a vote conducted by ballot. The results of the ballot were 78,159,615 (98.6%) shares voted in favour and 1,117,120 (1.4%) shares voted against. |