Titan Logix Corp. Reports Voting Results of Election of Directors and the Granting of Incentive Options
15 1월 2014 - 8:29AM
Marketwired
Titan Logix Corp. Reports Voting Results of Election of Directors
and the Granting of Incentive Options
EDMONTON, ALBERTA--(Marketwired - Jan 14, 2014) - Titan Logix
Corp. (TSX-VENTURE:TLA) ("Titan" or the "Company"), an advanced
technology industrial instrumentation and controls company,
announced today that at its annual and special meeting of
shareholders held on January 13, 2014 (the "Meeting"), each of the
five nominees proposed as directors and listed in its management
information circular dated November 27, 2013 were elected as
directors. The detailed results of the vote are set out below.
Nominee |
Votes For |
% Votes For |
Votes Withheld |
% Votes Withheld |
R.W. (Bob) Logan |
4,735,179 |
100 % |
140 |
0 % |
David Kastelic |
4,735,179 |
100 % |
140 |
0 % |
Matthew Marquardt |
4,735,179 |
100 % |
140 |
0 % |
W. Douglas Frame |
4,735,179 |
100 % |
140 |
0 % |
Greg McGillis |
4,710,554 |
99.5 % |
24,765 |
0.5% |
At the Meeting, shareholders of the Company also approved the
adoption of the Company's shareholder rights plan ("Rights Plan").
A copy of the Rights Plan has been filed on SEDAR at www.sedar.com.
All other resolutions provided for in the management information
circular were duly passed.
The Board of Directors approved incentive stock options for the
directors and officers of an aggregate of 120,000 shares which are
exercisable over a five year period ending January 13, 2019 at a
price of $1.28 per share. All options were granted in accordance
with the Company's stock option plan as approved by the
shareholders on January 17, 2003.
About Titan Logix Corp.:
Founded in 1979, Titan Logix Corp. ("Titan" or "the Company") is
a high technology company specializing in Research and Development
(R&D), manufacturing and marketing of advanced technology fluid
management solutions. The Company's products include Guided Wave
Radar (GWR) gauges for level measurement and overfill prevention
(particularly for use in mobile tanker applications), level gauges
for storage tanks, burner management for oilfield heaters, and
communication systems for remote alarming and control. The products
are currently used in the oil and gas, waste fluid collection,
chemical and aviation industries. These technologies and their
derivatives under development are applicable to a variety of
additional markets which Titan plans to expand into at the
appropriate time. A common practice in many of these markets is the
use of manual methods for measurement and control. Due to safety
considerations, the rising cost of many fluids, awareness and
concerns about the environment and technological advancements
enabling better operational efficiencies, we are experiencing an
increased demand for our advanced technology products. We
anticipate this demand will continue as we pursue expansion into
other markets.
The products we manufacture are part of a complete asset
management solution. The full solution consists of our own market
leading products integrated with best-in-class third party
solutions to enable our customers to benefit from complete fluid
management, throughout each stage of their fluid handling
processes.
This is captured by our slogan "Advanced Technology Fluid
Management Solutions, In the Field, On the Road, In the
Office"™.
- In the Field: "In the Field" refers to Titan's solution
offerings for storage tanks and process vessels.
- On the Road: "On the Road" refers to Titan's solution offerings
for mobile tanker trucks and trailers.
- In the Office: "In the Office" refers to Titan's solution
offerings that enable customers to monitor their fluid assets from
the convenience of their dispatch center or other back office
environment through a wired or wireless connection.
Titan Logix Corp. is a public Company listed on the Toronto
Venture Stock Exchange and its shares trade under the symbol,
TLA.
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.
This news release contains certain statements with information
that may be forward-looking and subject to unknown risks and
uncertainties. The actual results, performance and achievements of
Titan Logix Corp. may differ materially from the results,
performance and achievements expressed or implied by such
forward-looking statements. These forward-looking statements may
not relate strictly to historical or current facts. They represent
management's views as of the date of this press release and we
assume no obligation to update them. We caution you not to place
undue reliance on these forward-looking statements.
Titan Logix Corp.Greg McGillis, P.Eng.President and Chief
Executive Officer(780)
462-4085invest@titanlogix.comwww.titanlogix.com
Titan Logix (TSXV:TLA)
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