VANCOUVER, BC – BQE Water Inc. (TSX-V: BQE) (“BQE Water” or the “Company”), a leader in the treatment of mine impacted water, today reported the results of the Annual General and Special Meeting (“AGM”) of shareholders held on November 20, 2018.
According to the proxies, a total of 36,575,520 common shares were voted at the meeting, representing 38.92% of the votes attached to all outstanding shares. All nominees to the board of directors of the Company (the “Board”) listed in the management proxy circular dated October 16, 2018 (the “Information Circular”) were elected to hold office as directors of the Company until the next AGM or until their successors are elected or appointed. The directors have appointed Peter Gleeson to continue as Chair of the Board for the upcoming year.
With respect to the special business voted on at the AGM, the shareholders approved a proposed amendment to the stock option plan of the Company to provide the Board with discretion to extend the expiry of stock options granted to option holders to a maximum of one year from the date the option holder ceased to be a director, employee or consultant of the Company, as further described in the Information Circular. The shareholders also approved a resolution to consolidate the issued and outstanding Common Shares of the Company on the basis of one post-consolidation Common Share for each 100 pre-consolidation Common Shares (the “Share Consolidation”). As further described in the Information Circular, if regulatory approvals are obtained and the Board so determines, the Board may implement the Share Consolidation within 12 months following the AGM.
The shareholders approved all other matters as proposed in the Information Circular, a copy of which is available on SEDAR at www.sedar.com.
About BQE Water
BQE Water is a service provider specializing in water treatment and management for the mining and metallurgical industry. We focus on reducing Life Cycle Costs through solutions that reduce risks and long-term environmental liabilities while introducing sustainability into the overall water management plan. We have extensive expertise in the removal, recovery, and/or recycle of a broad range of metals, sulphate, selenium, cyanide, ammonia and other nitrogen species. BQE Water has commercialized several water treatment technologies and built plants at mine sites around the world for organizations including Glencore, Jiangxi Copper, Freeport-McMoRan and the US EPA. We also provide plant operation and maintenance services and currently operate several plants under long-term contract. BQE Water is headquartered in Vancouver, Canada and trades on the TSX Venture Exchange under the symbol BQE. Visit www.bqewater.com for more information.
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