ProSep Announces Election of Directors
21 Juni 2013 - 2:00PM
Marketwired Canada
ProSep Inc. (TSX:PRP) ("ProSep" or the "Company"), dedicated to providing
process solutions to the oil and gas industry, today announces that all of
management's nominees listed in the management proxy circular dated May 21,
2013, were elected as Directors of ProSep Inc. at the 2013 Annual and Special
Meeting of Shareholders held on June 20, 2013.
Results of the vote are as follows:
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Votes For Votes Withheld
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Number Percentage Number Percentage
Name of Nominee of Votes of Votes of Votes of Votes
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Gerard Caron 9,279,839 71.11% 3,769,861 28.89%
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Paul Coppinger 9,296,614 71.24% 3,753,086 28.76%
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Jacques L.
Drouin 9,263,369 70.99% 3,786,331 29.01%
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Claude Fontaine 9,290,914 71.20% 3,758,786 28.80%
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David H. Laidley 9,295,364 71.23% 3,754,336 28.77%
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Richard Lint 9,290,866 71.20% 3,758,834 28.80%
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Anthony Rustin 9,290,014 71.19% 3,759,686 28.81%
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Joseph Wilson 12,384,110 94.90% 665,590 5.10%
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Final voting results on all matters voted at the Annual General and Special
Meeting have been filed with Canadian securities regulators.
About ProSep
ProSep is a technology-focused process solutions provider to the upstream oil
and gas industry. ProSep designs, develops, manufactures and commercializes
technologies to separate oil, water and gas generated by oil and gas production.
For more information, please visit www.prosep.com.
Caution concerning forward-looking statements
This press release may contain forward-looking statements within the meaning of
Canadian securities laws. Forward-looking statements can generally be identified
by the use of the conditional tense, the words "may", "should", "would",
"believe", "plan", "expect", "intend", "anticipate", "estimate", "foresee",
"objective" or "continue" or the negative of these terms or variations of them
or words and expressions of similar nature. In particular, forward-looking
statements regarding ProSep's plans for its business development strategy,
anticipated customer orders, sales and revenues, financial and operational
projections and anticipated results, anticipated results of field testing with
potential customers and expected benefits of ProSep's proprietary technologies;
and anticipated impact on ProSep of the factors discussed under the heading
Selected Risks in the latest management discussion and analysis document
("MD&A"). These forward-looking statements are based on, among other things,
management's assumptions, expectations, estimates, objectives, plans and
intentions as of the date hereof pertaining to, but not limited to demand for
ProSep's solutions, projected revenues and expenses, the economic and industry
environments in which the Company operates or which could affect its activities,
the Company's ability to attract new customers, projected operating costs and
cost of raw materials and energy supply, expected timing and amount of capital
expenditures program of ProSep's potential customers, target market acceptance
of ProSep's solutions, current and future solutions performance, evolving market
conditions for oil & gas producers; and success of commercialization approach
and strategic partnership initiatives. Although ProSep believes that the
expectations and assumptions on which the forward-looking statements are based
are reasonable, undue reliance should not be placed on the forward-looking
statements because ProSep can give no assurance that they will prove to be
correct. Because forward-looking statements address future events and
conditions, by their very nature they involve numerous inherent risks and
uncertainties that contribute to the possibility that the forward-looking
statements may prove to be incorrect. ProSep cannot assure investors that any of
these forward-looking statements will prove to be accurate. Further, if any of
these statements are inaccurate, the inaccuracy may be material.
Actual performance and results could differ materially from those currently
anticipated in the forward-looking statements due to a number of factors and
risks. Some of the factors that could cause such differences include, but are
not limited to uncertainty as to market acceptance of new solutions and possible
technological change, competition, economic environment and especially
conditions in the oil & gas industry, legislative or regulatory developments,
ProSep's ability to penetrate core markets, expand into new markets and manage
future growth, the need for additional financing and uncertainties as to access
to sufficient capital financing on acceptable terms, uncertainty as to
achievement of profitability and ability to meet cash requirements, availability
and retention of management and key personnel, the long sales and implementation
cycles for ProSep's solutions, reliance on major customers, manufacturing,
project execution, product defect and product liability risks, dependence on
third party suppliers, exchange rate and currency fluctuations, protection of
ProSep's intellectual property rights; and risks related to ProSep's foreign
operations and compliance with anti-corruption and anti-bribery laws.
Assumptions, expectations and estimates made in the preparation of
forward-looking statements and risks that could cause actual results to differ
materially from current expectations are further discussed under "Selected
Risks" in the latest MD&A. In light of the significant risks and uncertainties
in these forward-looking statements, investors should not place undue reliance
on or regard these statements as a representation or warranty by the Company or
any other person that the Company will achieve its objectives, strategies and
plans in any specified time frame, if at all. The forward-looking statements
contained or incorporated by reference in this management discussion and
analysis relate only to events as of the date on which the statements are made.
Except as required under applicable securities legislation, the Company does not
undertake to update or revise these forward-looking statements, whether as a
result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
ProSep Inc.
Investor Relations and Media:
Danielle Ste-Marie
VP Marketing & Corporate Development
(514) 522-5550 ext. 238
dste-marie@prosep.com
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