Argex Titanium Announces Results of Annual Meeting
MONTREAL, Québec (FSCwire) - Argex Titanium Inc. (TSX: RGX) (the “Corporation” or “Argex”) is pleased to announce that the six nominees listed in its management information circular dated May 19, 2017 were elected as directors at Argex’s annual and special meeting of shareholders held today in Montreal.
At the meeting, a ballot was conducted for the election of directors. The six individuals named below were elected as directors of Argex, with the following results:
| Name of Nominee | Votes for | % | Votes Withheld | % |
| Mazen Alnaimi | 44,374,239 | 99.40 | 266,378 | 0.60 |
| James P. Berresse | 44,456,639 | 99.59 | 183,978 | 0.41 |
| Amir Dallala | 44,374,239 | 99.40 | 266,378 | 0.60 |
| Abderraouf Ghali | 40,936,691 | 91.70 | 3,703,926 | 8.30 |
| Mazen Haddad | 43,170,239 | 96.71 | 1,470,378 | 3.29 |
| Florian A. Rais | 44,456,639 | 99.59 | 183,978 | 0.41 |
At the annual meeting, Argex’s shareholders adopted a resolution ratifying, confirming and approving all unallocated options under the Corporation’s Stock Option Plan, as required by the Toronto Stock Exchange. Shareholders also adopted a resolution approving an issuance by the Corporation of 9,756,097 common share purchase warrants and 9,756,097 “bonus” common share purchase warrants to Mr. Mazen Alnaimi, Executive Chairman and Chief Executive Officer of the Corporation, in payment of his annual compensation for the twelve-month period from August 1, 2017 to July 31, 2018, as required by the Toronto Stock Exchange.
The AGM presentation will be available on the company website tomorrow, June 30th, 2017.
About Argex Titanium
Argex Titanium Inc. has developed an advanced chemical process for the volume production of high-grade titanium dioxide (TiO2) for use in high-quality paint, plastics, cosmetics and other TiO2 applications. The Corporation’s unique proprietary process uses relatively inexpensive and plentiful source material from a variety of potential vendors to produce TiO2, along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.
Contact:
Mazen Alnaimi, Chairman and Chief Executive Officer
Argex Titanium Inc. info@argex.ca
Gladys Caron, Corporate Communications and Investor Relations
Argex Titanium Inc. Gladys.caron@argex.ca
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Argex06292017.pdf
Source: Argex Titanium Inc. (TSX:RGX)
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