Foraco Announces Election of Directors

TORONTO and MARSEILLES, FRANCE, Sept. 24, 2014 /CNW/ - Foraco International SA (TSX: FAR) (the "Company" or "Foraco"), in accordance with Toronto Stock Exchange requirements, announced the voting results for the election of its Board of Directors at the Ordinary Meeting of Shareholders of the Company held on May 6, 2014 in Marseille, France (the "Meeting").  In accordance with French law, Shareholders of the Company, when voting in elections for directors, are given the option to vote "for" or "against/abstain" for the director nominees, meaning that it is not possible for nominees for directors to receive a majority of "withhold" votes.

The director nominees, as listed in the Management Proxy Circular dated May 6, 2014, were elected as directors of the Company at the Meeting.  The proxy votes submitted for each director were as follows:

Daniel Simoncini

Shareholders

PRESENT

POWERS

PROXIES

Total votes

% of
votes for

RESULT
Adopted

FOR

175,499

37,560,499

6,237,420

43,973,418

99.99%

Adopted

AGAINST

0

0

0

0

0.00%


Non vote



3,000

3,000

0.01%


Jean-Pierre Charmensat

Shareholders

PRESENT

POWERS

PROXIES

Total votes

% of
votes for

RESULT
Adopted

FOR

175,499

37,560,499

6,237,420

43,973,418

99.99%

Adopted

AGAINST

0

0

0

0

0.00%


Non vote



3,000

3,000

0.01%


Bruno Chabas

Shareholders

PRESENT

POWERS

PROXIES

Total votes

% of
votes for

RESULT
Adopted

FOR

175,499

37,560,499

6,237,420

43,973,418

99.99%

Adopted

AGAINST

0

0

0

0

0.00%


Non vote



3,000

3,000

0.01%


Warren Holmes

Shareholders

PRESENT

POWERS

PROXIES

Total votes

% of
votes for

RESULT
Adopted

FOR

175,499

37,560,499

6,237,420

43,973,418

99.99%

Adopted

AGAINST

0

0

0

0

0.00%


Non vote



3,000

3,000

0.01%


Jorge Hurtado

Shareholders

PRESENT

POWERS

PROXIES

Total votes

% of votes for

RESULT
Adopted

FOR

175,499

37,560,499

6,237,420

43,973,418

99.99%

Adopted

AGAINST

0

0

0

0

0.00%


Non vote



3,000

3,000

0.01%


The results of the other matters considered at the Meeting are reported in the Report of Voting Results as filed on SEDAR on May 12, 2014.

The Company's statutory filings are available at www.sedar.com.

About Foraco

Foraco International SA (TSX: FAR) is a leading global mineral drilling services company that provides a comprehensive and reliable service offering in mining and water projects. Supported by its founding values of integrity, innovation and involvement, Foraco has grown into the third largest global drilling enterprise with a presence in 23 countries across five continents. For more information about Foraco, visit www.foraco.com.

Caution concerning forward-looking statements

This document may contain "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws. These statements and information include estimates, forecasts, information and statements as to Management's expectations with respect to, among other things, the future financial or operating performance of the Company and capital and operating expenditures. Often, but not always, forward-looking statements and information can be identified by the use of words such as "may", "will", "should", "plans", "expects", "intends", "anticipates", "believes", "budget", and "scheduled" or the negative thereof or variations thereon or similar terminology. Forward-looking statements and information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Readers are cautioned that any such forward-looking statements and information are not guarantees and there can be no assurance that such statements and information will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading "Risk Factors" in the Company's Annual Information Form dated March 31, 2014, which is filed with Canadian regulators on SEDAR (www.sedar.com). The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise. All written and oral forward-looking statements and information attributable to Foraco or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements.

SOURCE: Foraco International SA

For further information: Brenda Patterson, Investor Relations, Email: patterson@foraco.com, Tel: (705) 495-6363

LIENS CONNEXES
patterson@foraco.com

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