Avalon Announces the Results of its 2017 Annual and Special Meeting of Shareholders
February 23 2017 - 4:09PM
Avalon Advanced Materials Inc. (TSX:AVL) and
(OTCQX:AVLNF) (“Avalon” or the “Company”) is pleased to
announce the results of its 2017 Annual and Special Meeting of
Shareholders held in Toronto, Ontario on February 22, 2017 (the
“Meeting”).
At the Meeting, all five director nominees
listed in the Company’s information circular dated January 10, 2017
were elected as directors of the Company. The detailed results of
the vote are as follows:
Director |
|
Number of Votes Cast |
Percentage of Votes
Cast |
|
|
|
|
Donald Bubar |
In
Favour:Withheld: |
29,932,828970,654 |
96.863.14 |
Brian MacEachen |
In
Favour:Withheld: |
29,927,482976,000 |
96.843.16 |
Alan Ferry |
In
Favour:Withheld: |
29,949,291954,191 |
96.913.09 |
Jane Pagel |
In
Favour:Withheld: |
29,972,222931,260 |
96.993.01 |
Kenneth G.
Thomas |
In
Favour:Withheld: |
29,947,401956,081 |
96.913.09 |
Former director Peter McCarter has retired from
business and, accordingly, chose not to stand for re-election.
Avalon President & CEO, Don Bubar, thanks Mr. McCarter for his
10 years of service to Avalon, especially as a member of the
Company’s Audit Committee and as chair of the Company’s
Compensation, Governance and Nominating Committee.
In addition, at the Meeting shareholders
appointed Deloitte LLP as auditors of the Company and approved
amendments to, as well as all unallocated options, rights or other
entitlements under the Company’s stock option plan.
About Avalon Advanced Materials Inc. Avalon
Advanced Materials Inc. is a Canadian mineral development company
specializing in niche market metals and minerals with growing
demand in new technology. The Company has three advanced stage
projects, all 100%-owned, providing investors with exposure to
lithium, tin and indium, as well as rare earth elements, tantalum,
niobium, and zirconium. Avalon is currently focusing on its
Separation Rapids Lithium Project, Kenora, ON and its East
Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility
and environmental stewardship are corporate cornerstones.
For questions and feedback, please e-mail the
Company at ir@AvalonAM.com, or phone Don Bubar, President & CEO
at 416-364-4938.
This news release contains “forward-looking
statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation. Generally, these forward-looking statements
can be identified by the use of forward-looking terminology such as
“potential”, “scheduled”, “anticipates”, “continues”, “expects” or
“does not expect”, “is expected”, “scheduled”, “targeted”,
“planned”, or “believes”, or variations of such words and phrases
or state that certain actions, events or results “may”, “could”,
“would”, “might” or “will be” or “will not be” taken, reached or
result, “will occur” or “be achieved”. Forward-looking statements
are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity,
performance or achievements of Avalon to be materially different
from those expressed or implied by such forward-looking statements.
Forward-looking statements are based on assumptions management
believes to be reasonable at the time such statements are made.
Although Avalon has attempted to identify important factors that
could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
Factors that may cause actual results to differ materially from
expected results described in forward-looking statements include,
but are not limited to market conditions, and the possibility of
cost overruns or unanticipated costs and expenses as well as those
risk factors set out in the Company’s current Annual Information
Form, Management’s Discussion and Analysis and other disclosure
documents available under the Company’s profile at www.SEDAR.com.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Such
forward-looking statements have been provided for the purpose of
assisting investors in understanding the Company’s plans and
objectives and may not be appropriate for other purposes.
Accordingly, readers should not place undue reliance on
forward-looking statements. Avalon does not undertake to update any
forward-looking statements that are contained herein, except in
accordance with applicable securities laws.
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