MONTREAL, QUEBEC -- (Marketwired) -- 06/12/13 -- Niocan Inc. (the "Corporation") (TSX: NIO) is pleased to announce the voting results from its annual meeting of shareholders held on June 11, 2013 (the "Meeting").
Election of Directors
In accordance with the Corporation's By-Law No. 1, the Corporation's board of directors has determined, by resolution adopted on May 8, 2013, that as of the date of its annual general meeting of the shareholders, the Corporation's board of directors shall be made up of five directors.
The following five director nominees were proposed by management: Joel Bell, Remo Mancini, Hubert Marleau, Terence Ortslan and Mark D. Wallace.
The following 2 director nominees were proposed by certain shareholders during the Meeting: Robert Tremblay and Rene Dufour.
The results of the vote conducted by ballot were the following:
Name of Nominee Votes For Percentage Votes Withheld Percentage ---------------------------------------------------------------------------- Joel Bell 12,224,085 78.15% 3,418,051 21.85% Remo Mancini 11,860,016 75.82% 3,782,120 24.18% Hubert Marleau 11,652,285 74.49% 3,989,851 25.51% Terence Ortslan 11,863,016 75.84% 3,779,120 24.16% Mark D. Wallace 12,224,085 78.15% 3,418,051 21.85% Robert Tremblay 3,309,301 21.12% 12,361,610 78.88% Rene Dufour 3,309,301 21.12% 12,361,610 78.88%
The following director nominees were re-elected as directors of the Corporation: Joel Bell, Remo Mancini, Hubert Marleau, Terence Ortslan and Mark D. Wallace.
Appointment of Auditors
KPMG LLP, Chartered Accountants, were reappointed as the Corporation's auditors.
About Niocan
Niocan's mission is to become a ferroniobium producer as soon as possible, following the issuance of a Certificate of Authorization from the Ministry of Sustainable Development, Environment and Parks for its Oka niobium property. Mining assets include mining rights in two (2) properties: 49 claims covering 1604 acres as well as surface rights on 231 acres at Oka, Quebec; and 460 claims covering 56,166 acres (22,741 hectares) at the Hudson Bay Great Whale Iron Property in Northern Quebec.
FORWARD LOOKING STATEMENTS
Certain statements contained in this press release are forward-looking and are subject to numerous risks and uncertainties, know and unknown. For information identifying known risks and uncertainties, relating to the issuance by the Ministry of Environment of the Certificate of Authorization to build the mine in Oka, financial resources, market prices, exchange rates, politico-social conflicts, competition, regulatory approvals, the purchase of the old St-Lawrence Columbium mine site from the Municipality of Oka should the Certificate of Authorization be issued, and other important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk and Uncertainties Section of the Corporation's most recent Management's Discussion and Analysis, which may be found at www.sedar.com. Consequently, actual results may differ materially from the anticipated results expressed in these forward-looking statements.
Contacts:
Hubert Marleau
Chairman, President and Chief Executive Officer
514-288-8506
514-843-4809 (FAX)
info@niocan.com
