Xebec Announces Election of directors and grant of options

MONTREAL, June 12, 2014 /CNW Telbec/ - Xebec Adsorption Inc. (TSXV: XBC) ("Xebec"), a provider of biogas upgrading, natural gas, field gas and hydrogen purification solutions for the clean energy and crude-derived fuels displacement markets, announced today that all of management's nominees listed in the management proxy circular dated May 14, 2014, were elected as Directors of Xebec at the 2014 Annual and Special Meeting of Shareholders held on June 11, 2014.

Results of the vote are as follows:

  Votes in favor Witheld
Name Number of Votes Percentage of Votes Number of Votes Percentage of Votes
Kurt Sorschak 8,381,636 94.9% 449,900 5.1%
William Beckett 8,831,536 100.0%   0
Jean Bédard 8,831,536 100.0%   0

Also, during its May 29th meeting, the Board of directors has granted to each of Messrs Jean Bédard and William Beckett 200,000 options buy shares of Xebec at a price of $0.14 per share.

About Xebec Adsorption Inc.
Xebec Adsorption Inc. is a global provider of clean energy solutions to corporations and governments looking to reduce their carbon footprints. With more than 1,300 customers worldwide, Xebec designs, engineers and manufactures innovative products that transform raw gases into marketable sources of clean energy mainly used as transportation fuel. Xebec's strategy is focused on establishing leadership positions in markets where demand for biogas upgrading, natural gas dehydration, liquefaction and hydrogen purification is growing. Headquartered in Montreal (QC), Xebec is a global company with two manufacturing facilities in Montreal and Shanghai, as well as a sales and distribution network in North America and Asia. Xebec trades on the TSX-Venture under the symbol XBC-V. For additional information on the company and its products and services, please visit the Xebec web site at www.xebecinc.com.

Caution Concerning Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking" statements within the meaning of applicable securities laws. This forward looking information includes, but is not limited to, the expectations and/or claims of management of Xebec with respect to information regarding the business, operations and financial condition of Xebec. Forward-looking information contained in this press release involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Xebec or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. This list is not exhaustive of the factors that may affect forward-looking information contained in this press release. When used in this press release, such statements use such words as "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "will" and other similar terminology. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this presentation. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. 


 

 

 

SOURCE Xebec Adsorption Inc.

For further information:

Kurt Sorschak
President and CEO
450-979-8701
ksorschak@xebecinc.com
 
Eric Favreau
Chief  Financial Officer
450-979-8706
efavreau@xebecinc.com