Bri-Chem Announces Election of Directors and Grant of Stock Options
August 12 2013 - 11:33AM
Marketwired
Bri-Chem Corp. ("Bri-Chem" or "Company") (TSX:BRY) a leading North
American wholesale distributor and manufacturer of oil and gas
drilling fluids, steel pipe and piping products is pleased to
announce that at the annual general meeting of the shareholders
held on June 11, 2013, each of the four nominees listed in the
Management Information Circular dated May 9, 2013 were elected as
directors of Bri-Chem for the ensuing year.
Based on the proxies received and by show of hands conducted at
the meeting, the following individuals were elected as directors of
the Company until the next annual shareholder meeting of the
shareholders. Accordingly, the results were as follows:
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Director Votes % Votes
Nominated Votes For % Votes For Withheld Withheld
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Don Caron 3,471,366 99.66 12,000 0.34
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Brian Campbell 3,482,166 99.97 1,200 0.03
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Eric Sauze 3,472,166 99.68 11,200 0.32
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Albert Sharp 3,210,709 92.17 272,657 7.83
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All other resolutions provided for in the Management Information
Circular were duly passed and a report on the voting results were
filed with the Canadian securities regulatory authorities at
www.sedar.com.
The Company has granted options to acquire up to 180,000 common
shares to executive officers and independent directors of Bri-Chem.
The options are granted in accordance with Bri-Chem's stock option
plan and have terms that expire ten years from the grant date.
About Bri-Chem
Since our formation in 1985, Bri-Chem has established two
primary segments of business through a combination of internal
growth and acquisitions: Bri-Chem's Drilling Fluid Division is
North America's largest independent wholesale supplier of drilling
fluids for the oil and gas industry. We provide over 150 critical
drilling fluid products, cementing, acidizing and stimulation
additives from 30 strategically located warehouses throughout
Canada and the United States; Bri-Chem's Steel Pipe Division is one
of only two companies in North America that can manufacture and
supply large diameter seamless steel pipe for the energy industry.
Bri-Chem is the first company to introduce Thermal Pipe Expansion
(TPE) in North America. Additional information about Bri-Chem is
available at www.sedar.com or at Bri-Chem's website at
www.brichem.com.
To receive Bri-Chem news updates send your email to
ir@brichem.com.
Neither the TSX nor its Regulation Services Provider (as that
term is defined in the policies of the TSX) accepts responsibility
for the adequacy or accuracy of this release.
Contacts: Jason Theiss Bri-Chem Corp. CFO (780)
577-0595jtheiss@brichem.com Juliet Heading CHF Investor Relations
Account Manager (416) 868-1079 x239juliet@chfir.com Cathy Hume CHF
Investor Relations CEO (416) 868-1079 x231cathy@chfir.com
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