Orbite Announces Annual and Special Meeting Results
June 20, 2014 (Source: Marketwired) — Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) (“Orbite” or the “Coporation“) announced today that shareholders have approved all resolutions put forth at the Annual and Special Meeting of Shareholders held in Montréal, Québec, on Thursday, June 19, 2014.
Shareholders elected each of the Corporation’s nominees for director by the following votes cast by ballot:
|Director||Votes For||% For||Votes Withheld||% Withheld|
|Christian Van Houtte||60,875,937||97.71||1,428,834||2.29|
Shareholders voted to appoint KPMG LLP as the Corporation’s auditor, and authorized the directors to fix their remuneration.
Shareholders approved the ratification of By-Law no. 2014-2 implementing the Advance Notice Requirements regarding the election of directors, general By-Law no. 2014-1 relating to the business and affairs of the Corporation and the repeal of By-Law 2010-2.
Shareholders also ratified and approved the continuation of the revised Shareholders Rights Plan and the Corporation’s name change to “ORBITE TECHNOLOGIES INC. / TECHNOLOGIES ORBITE INC.” The new name will be effective in mid-September as the Corporation is developing its new branding and website.
Complete voting results can be found on www.sedar.com
Orbite Aluminae Inc. is a Canadian cleantech company whose innovative and proprietary processes are expected to produce alumina and other high-value products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, and in a sustainable fashion, using feedstocks that include aluminous clay, kaolin, nepheline, bauxite, red mud and fly ash. Orbite is currently in the process of finalizing its first commercial high-purity alumina (HPA) production plant in Cap-Chat, Québec and has completed the basic engineering for a proposed smelter-grade alumina (SGA) production plant, which would use clay mined from its Grande-Vallée deposit. The Corporation’s intellectual property portfolio contains 16 intellectual property families, and the Corporation owns the intellectual property rights to 11 patents and 68 pending patent applications in 10 different countries and regions. The first intellectual property family is patented in Canada, USA, Australia, China, and Russia. The Corporation also operates a state of the art technology development center in Laval, Québec, where its technologies are developed and validated.
Certain information contained in this document may include “forward-looking information”. Without limiting the foregoing, the information and any forward-looking information may include statements regarding projects, costs, objectives and future returns of the Corporation or hypotheses underlying these items. In this document, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or the Corporation management’s good-faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Corporation’s control. These risks uncertainties and assumptions include, but are not limited to, those described in the section of the Management’s Discussion and Analysis (MD&A) entitled “Risk and Uncertainties” as filed on May 13, 2014.
The Corporation does not intend, nor does it undertake, any obligation to update or revise any forward-looking information or statements contained in this document to reflect subsequent information, events or circumstances or otherwise, except as required by applicable laws.
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