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.
... I can predict your only focus will be the options LOL