Canadian Metals Inc.
CNSX : CME

Canadian Metals Inc.

February 08, 2016 10:30 ET

Canadian Metals Announces Shareholders Meeting Results

MONTRÉAL, QUÉBEC--(Marketwired - Feb. 8, 2016) - Canadian Metals Inc. ( The "Corporation") (CSE:CME) has provided an update on the results of its annual and special meeting of shareholders, held on Feb. 5, 2016, in Montreal.

Once again this year, several shareholders participated in the election process, strongly demonstrating the commitment of the Company's shareholders. At the meeting, shareholders approved with a majority the appointment of the auditors, Raymond Chabot Grant Thornton, as well as the election of members of the Company's Board of directors, consisting of Stephane Leblanc, Victor Cantore, Michel Gagnon and Michel Gueguin. The shareholders have also approved the ratification of the special resolution relating to the modification of the articles of association to allow directors to appoint one or more additional directors between annual meetings.

About Canadian Metals

Canadian Metals Inc. is focused exclusively on the development of its Langis Project, a high-purity silica deposit located in the province of Quebec. The Company is rapidly positioning itself to eventually become a North American ferrosilicon and silicon metal producer.

For almost a decade, quartz from the Langis quarry has been exported to Europe for ferrosilicon production. Canadian Metals has rapidly built an international management team with local talent with a view to implementing a ferrosilicon plant in Quebec for converting the Langis silica into high grade ferrosilicon. With the goal to create approximately one hundred highly qualified direct jobs and some three hundred indirect jobs, Canadian Metals strongly believes that the Province of Quebec benefits from all of the required infrastructures, including transportation, port facilities, clean and renewable energy source and skilled labor in order to successfully implement this metals and minerals project.

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