VELAN Inc.
TSX : VLN

VELAN Inc.

July 11, 2013 16:55 ET

Velan Inc.: Results of Annual Meeting of Shareholders

MONTREAL, QUEBEC--(Marketwired - July 11, 2013) - Velan Inc. (the "Corporation") (TSX:VLN) announced today that each director nominee listed in the Management Proxy Circular dated May 28, 2013 was elected as Director of the Corporation during the Annual Meeting of the Shareholders held earlier today in Montréal, Québec.

The details of the election are as follows:

DIRECTOR NOMINEE OUTCOME VOTES FOR % FOR VOTES %
WITHHELD WITHHELD
A.K. Velan elected 78,103,656 99.98% 12,150 0.02%
Tom Velan elected 78,103,656 99.98% 12,150 0.02%
William Sheffield elected 78,103,656 99.98% 12,150 0.02%
Kenneth MacKinnon elected 78,099,856 99.98% 15,950 0.02%
Peter Velan elected 78,115,806 100% 0 0%
Cheryl Hooper elected 78,115,206 100% 600 0%
Robert Velan elected 78,115,806 100% 0 0%
Jacques Latendresse elected 78,115,206 100% 600 0%

In addition, PricewaterhouseCoopers, Chartered Accountants, have been appointed as auditors of the Corporation until the next annual meeting of shareholders.

The results of the final votes regarding all matters subject to a vote during the annual meeting that took place earlier today will be made available on SEDAR (www.sedar.com).

Contact Information

  • VELAN Inc.
    Tom Velan
    President
    (514) 748-7743
    (514) 748-8635 (FAX)

    VELAN Inc.
    John D. Ball
    Chief Financial Officer
    (514) 748-7743
    (514) 748-8635 (FAX)
    www.velan.com