OTTAWA, March 29, 2018 /CNW/ - BluMetric Environmental
Inc. (TSXV: BLM) announces that at its recent Annual and Special
Meeting of Shareholders, held on 28 March
2018, shareholders elected as directors: Ron Donaldson, Hu
Fleming, Vijay Jog, Scott MacFabe, Jane Pagel, and Geoff
Simonett.
At the same time, shareholders approved the two new by-laws
previously adopted by the Board and rejected the share issuance
resolution.
Subject to TSX Venture Exchange approval, 283,917 common shares
will be issued to Roger Woeller as
part of his settlement agreement as outlined in the 31 October 2017 press release. The remainder of
the payment owed to Mr. Woeller will be paid in
cash.
BluMetric also announces that effective 28 March 2018, pursuant to the Company's Board
compensation policy, it has granted options for 20,000 common
shares to Jane Pagel, who is
entering her fourth year of service. These options vest over one
year, and are exercisable into common shares of BluMetric at a
price of $0.24 per share for five
years.
BluMetric currently has 28,391,778 shares outstanding. For
additional information on Board or capital structure, please refer
to the Company's filings on www.sedar.com.
About BluMetric Environmental Inc.
BluMetric
Environmental Inc. is a publicly traded company with a portfolio of
industry-leading products, processes, and services in the
environment sciences and engineering sectors. BluMetric takes
pride in our strong record of providing sustainable solutions to
the world's environmental challenges.
Headquartered in Ottawa,
Ontario, BluMetric's team of industry experts serves clients
in Canada, the United States, and Central America.
For more information, visit
www.blumetric.ca.
Forward-Looking Statements
Some of the
statements in this press release, including those relating to
discussions of the Company's contractual and corporate agreements,
future products, opportunities and cost initiatives, strategies and
other statements that are predictive in nature, that depend upon or
refer to future events or conditions, or that include words such as
"expects", "anticipates", "intends", "plans", "believes",
"estimates", or similar expressions, are forward-looking statements
within the meaning of securities laws. Forward-looking statements
include, without limitation, the information concerning possible or
assumed future results of operations of the Company. These
statements are not historical facts but instead represent only the
Company's expectations, estimates, and projections regarding future
events. The Company does not undertake any obligation to update or
release any revisions to these forward-looking statements to
reflect events or circumstances after the date of this presentation
or to reflect the occurrence of unanticipated events, except as
required by law.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE BluMetric Environmental Inc.
