FORACO INTERNATIONAL SA Toronto, Ontario/Marseille, France - May 21, 2015 - Foraco International SA (TSX: FAR) (the "Company" or "Foraco"), in accordance with Toronto Stock Exchange requirements, announced the voting results for the election of its Board of Directors at the Ordinary Meeting of Shareholders of the Company held on May 5, 2015, in Marseille, France (the "Meeting"). In accordance with French law, Shareholders of the Company, when voting in elections for directors, are given the option to vote "for" or "against/abstain" for the director nominees, meaning that it is not possible for nominees or directors to receive a majority of "withhold" votes.
The director nominees, as listed in the Management Proxy Circular dated March 31, 2015, were elected as directors of the Company at the Meeting. The proxy votes submitted for each director were as follows:
Daniel Simoncini
Shareholders | PRESENT | POWERS | PROXIES | Total votes | % of votes for | RESULT Adopted |
FOR | 129,499 | 37,650,499 | 109,350 | 37,889,348 | 66.11% | Adopted |
AGAINST | 10,250 | 10,250 | 0.02% | |||
Non vote | 19,412,178 | 19,412,178 | 33.87% |
Jean-Pierre Charmensat
Shareholders | PRESENT | POWERS | PROXIES | Total votes | % of votes for | RESULT Adopted |
FOR | 129,499 | 37,650,499 | 109,350 | 37,889,348 | 66.11% | Adopted |
AGAINST | 10,250 | 10,250 | 0.02% | |||
Non vote | 19,412,178 | 19,412,178 | 33.87% |
Bruno Chabas
Shareholders | PRESENT | POWERS | PROXIES | Total votes | % of votes for | RESULT Adopted |
FOR | 129,499 | 37,650,499 | 109,350 | 37,889,348 | 66.11% | Adopted |
AGAINST | 10,250 | 10,250 | 0.02% | |||
Non vote | 19,412,178 | 19,412,178 | 33.87% |
Warren Holmes
Shareholders | PRESENT | POWERS | PROXIES | Total votes | % of votes for | RESULT Adopted |
FOR | 129,499 | 37,650,499 | 109,350 | 37,889,348 | 66.11% | Adopted |
AGAINST | 10,250 | 10,250 | 0.02% | |||
Non vote | 19,412,178 | 19,412,178 | 33.87% |
Tel: 1.647.351.5483 ▪ Toll Free: 1.877.795.6363 ▪ Fax: 1.647.351.5493 ▪ www.foraco.com
Jorge Hurtado
Shareholders | PRESENT | POWERS | PROXIES | Total votes | % of votes for | RESULT Adopted |
FOR | 129,499 | 37,650,499 | 109,350 | 37,889,348 | 66.11% | Adopted |
AGAINST | 10,250 | 10,250 | 0.02% | |||
Non vote | 19,412,178 | 19,412,178 | 33.87% |
In addition, the Shareholders' meeting of Foraco International SA, voted at a majority of 99.98%, a dividend of 0.0 Canadian dollars per common share to the holders of common shares.
The results of the other matters considered at the Meeting are reported in the Report of Voting Results as filed on SEDAR on May 14, 2015.
The Company's statutory filings are available at www.sedar.com.About Foraco International SA
Foraco International SA (TSX: FAR) is a leading global mineral drilling services company that provides a comprehensive and reliable service offering in mining and water projects. Supported by its founding values of Integrity, Innovation, and Involvement, Foraco has grown into the third largest global drilling enterprise, with a presence in 23 countries across five continents. For more information about Foraco, visit www.foraco.com.
Caution concerning forward-looking statements
This document may contain "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws. These statements and information include estimates, forecasts, information and statements as to Management's expectations with respect to, among other things, the future financial or operating performance of the Company and capital and operating expenditures. Often, but not always, forward-looking
statements and information can be identified by the use of words such as "may", "will", "should", "plans", "expects",
"intends", "anticipates", "believes", "budget", and "scheduled" or the negative thereof or variations thereon or similar terminology. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Readers are cautioned that any such forward-looking statements and information are not guarantees and there can be no assurance that such statements and information will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading "Risk Factors" in the Company's Annual Information Form dated March 31, 2014, which is filed with Canadian regulators on SEDAR (www.sedar.com). The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise. All written and oral forward-looking statements and information attributable to Foraco or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements.
SOURCE: Foraco International SA
For further information, please contact:
Brenda Patterson-Mack (patterson@foraco.com) Tel: (647) 351-5483
10 King Street East, Suite 401, Toronto, ON M5C 1C3
Tel: 1.647.351.5483 ▪ Toll Free: 1.877.795.6363 ▪ Fax: 1.647.351.5493 ▪ www.foraco.com
|
distributed by
|
