VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 25, 2013) - Offsetters Climate Solutions Inc. (TSX VENTURE:COO)(FRANKFURT:9EA) ("OCS" or the "Company") is pleased to provide the results of the Annual General Meeting held on October 24, 2013.
The Company is pleased to announce that shareholders of the company have reappointed Dr. Robert Falls, Dr. James Tansey, Alexander Zang, Georg Shattney, Graham Harris, John Poulter and Jim Logan to the Board of Directors. Davidson and Company LLP has been reappointed as auditors of the Company, and the proposed 2013 stock option plan was adopted. As previously noted, the Company will be moving to paperless (electronic) delivery of shareholder communications documents moving forward, reflecting our commitment to ongoing operational sustainability improvement.
The Company also wishes to report that the Board of Directors approved the issuance of 150,000 options to management on October 1, 2013. The options are exercisable at a price of $0.15 and expire five years from the date of issuance.
James Tansey, Ph.D., President and CEO
Offsetters Climate Solutions Inc.
About Offsetters Climate Solutions Inc.
Offsetters is Canada's largest and most diversified carbon management solutions company. Its team of industry leaders specializes in the origination, development and commercialization of high-quality carbon offset projects, and through a comprehensive offering of sustainability consultancy services Offsetters helps organizations understand, reduce and offset their climate impact. A merger of ERA Carbon Offsets and Offsetters, Offsetters is based in Vancouver, Canada and has worked with over 150 of the world's most prestigious organizations including Aimia, Vancity, lululemon athletica, Catalyst Paper, Harbour Air, HSE - Entega, and Shell Canada Limited. Offsetters is publicly listed company on the Toronto Venture Exchange (TSX VENTURE:COO) and in (FRANKFURT:9EA). For more information, please visit us at www.offsetters.ca.
FORWARD-LOOKING STATEMENTS: Certain of the statements and information in this news release may constitute "forward-looking information" within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-looking statements. When used in this news release the words "anticipate", "believes", "estimates", "expects", "intends", "may", "project", "plan", "should", "forecast", "outlook", "budget", "anticipated", "future", "potential" and similar words and expressions may identify forward-looking statements or information. The statements in this news release reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, known and unknown, could cause actual results, performance or achievements to be materially different from results, performance or achievements anticipated by management.
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