Perlite Canada Inc.

Perlite Canada Inc.

March 09, 2012 12:30 ET

Perlite Canada Inc. Announces Change to its Board of Directors

MONTREAL, QUEBEC--(Marketwire - March 9, 2012) - Perlite Canada inc. (the «Company») (TSX VENTURE:PCI) announces hereby the departure of Patrick Whalen from its Board of Directors, effective March 5, 2012.

Mr. Patrick Whalen was appointed as director of the Company in April 2010 while being the president and founder of Maroxa Management Inc., a firm specialized in financial management and analysis and in project financing. Mr. Whalen joined the company SynergX Technologies Inc. in November 2010 as Chief Financial Officer. After more than a year in that position and with several challenges, Mr. Whalen wishes now to focus his professional activities in helping his employer to realise its business plan and considers that he has not the time to fulfil his board member tasks.

The Company thanks Mr. Whalen for the valued services and advices given to the Company during his term as director and wishes him good luck.

The board members of the Company will take the necessary period of time to evaluate all potential board members.

Perlite Canada inc. has become a leading company in Canada in the processing, distribution and sale of perlite and vermiculite, two minerals used in industry and horticulture.

The common shares of Perlite Canada inc. are listed for trading on the TSX Venture Exchange.

This press release contains forward-looking statements to which are associated some risks and uncertainties. Any statement contained in this present press release that does not constitute an historical fact can be considered as a forward-looking statement. In this present press release, verbs such as "believe", "anticipate", "assess" and other similar expressions indicate generally forward-looking statements. Those statements do not warrant as for the future performance of Perlite Canada inc. and they suppose known and unknown risks as well as uncertainties in such a way that true future perspectives, returns or results of the Company may be notably different of future returns or results expressed or implied by these forward-looking statements.

The TSX Venture Exchange is not responsible for the truth or accuracy of this press release.

Contact Information

  • Perlite Canada inc.
    Richard Barabe or Martin Joyal
    (514) 631-4251
    (514) 631-4254 (FAX)