MONTREAL, QUEBEC--(Marketwired - July 10, 2014) - Velan Inc. (the "Corporation") (TSX:VLN) announced today that each director nominee listed in the Management Proxy Circular dated May 27, 2014 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 | 80,848,800 | 99.57 | % | 347,728 | 0.43 | % |
| Tom Velan | elected | 80,853,800 | 99.58 | % | 342,728 | 0.42 | % |
| Kenneth MacKinnon | elected | 81,196,528 | 100 | % | - | 0 | % |
| William Sheffield | elected | 81,196,528 | 100 | % | - | 0 | % |
| Peter Velan | elected | 80,823,395 | 99.54 | % | 373,133 | 0.46 | % |
| Cheryl Hooper | elected | 81,196,028 | 100 | % | 500 | 0 | % |
| Jacques Latendresse | elected | 81,196,528 | 100 | % | - | 0 | % |
| Robert Velan | elected | 80,853,800 | 99.58 | % | 342,728 | 0.42 | % |
The results of the final votes regarding all matters subject to a vote during the annual meeting will be made available on SEDAR (www.sedar.com).
Contact Information:
VELAN Inc.
Tom Velan
President & CEO
(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
Tom Velan
President & CEO
(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