AB.H
THETFORD MINES, QC,
May 28, 2018 /CNW Telbec/
- Asbestos Corporation Limited announced today that, during
its Annual Meeting of Shareholders held on May 24, 2018 in Brossard, Quebec, Mr. Serge Monette was
elected to the Board of Directors in replacement of
Messrs. Gérard Potvin and Raymond
Raby. These changes were formally accepted and took effect
on May 24, 2018.
Messrs. Gérard Potvin et Raymond
Raby were elected to Asbestos Corporation's Board of
Directors on September 15, 2000 and
September 25, 1998 respectively. Mr.
Potvin also chaired the Audit Committee. They decided not to seek a
new mandate.
« Gérard's experience in the management of some major food
retailing firms such as Aligro, of which he is a co-founder, and
Steinberg, as Senior Vice-President, played a key role in the
evolution of Asbestos Corporation in all the years he acted as a
director », commented John
LeBoutillier, President of the Company. « On behalf of
Asbestos Corporation Limited, I would like to thank Gérard for his
contribution and dedication. »
« Raymond has played a key role in the success of Asbestos
Corporation. The worldwide recognition of this mining engineer who
participated in major mining companies as an executive and as a
director and was actively involved with bringing into production
several mineral deposits has been a valuable asset for
Asbestos Corporation Limited», added John LeBoutillier.
« On behalf of Asbestos Corporation Limited, I would like
to thank them both for their contribution and dedication. I wish
them all the best as they move forward in their professional and
personal life. »
Mr. Serge Monette is an entrepreneur. He is the
president of Retromobile Inc., a company he established in 1976
that operates an antique vehicle rental business with
chauffeur. From 1979 until 2005, he was the founding president
of Limousine Montreal Inc. which was, for more than 20 years,
the most important chauffeur-driven limousine service for large
corporations in Montreal. In the
early part of his career, he was an investment dealer with J. T.
Gendron Inc., a member of the Montreal Stock Exchange.
Asbestos Corporation Limited is a natural resource company whose
focus in on the development of industrial minerals in order to
provide value-added products that meet the criteria of customers
worldwide with regard to performance and economic and ecological
concerns. Asbestos Corporation Limited 's shares trade on the NEX
Board of TSX Venture Exchange under the stock symbol AB.H.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Asbestos Corporation Limited