MONTREAL, QUEBEC -- (Marketwired) -- 07/10/14 -- Velan Inc. (the "Corporation") (TSX: VLN) announced today that each director nominee listed in the Management Proxy Circular dated May 27, 2014 was elected as Director of the Corporation during the Annual Meeting of the Shareholders held earlier today in Montreal, Quebec.
The details of the election are as follows:
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VOTES %
DIRECTOR NOMINEE OUTCOME VOTES FOR % FOR WITHHELD WITHHELD
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A.K. Velan elected 80,848,800 99.57 % 347,728 0.43%
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Tom Velan elected 80,853,800 99.58 % 342,728 0.42%
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Kenneth MacKinnon elected 81,196,528 100 % - 0%
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William Sheffield elected 81,196,528 100 % - 0%
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Peter Velan elected 80,823,395 99.54 % 373,133 0.46%
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Cheryl Hooper elected 81,196,028 100 % 500 0%
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Jacques Latendresse elected 81,196,528 100 % - 0%
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Robert Velan elected 80,853,800 99.58 % 342,728 0.42%
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The results of the final votes regarding all matters subject to a vote during the annual meeting will be made available on SEDAR (www.sedar.com).
Contacts:
VELAN Inc.
Tom Velan
President & CEO
(514) 748-7743
(514) 748-8635 (FAX)
VELAN Inc.
John D. Ball
Chief Financial Officer
(514) 748-7743
(514) 748-8635 (FAX)
www.velan.com
