OTTAWA, March 29, 2018 /CNW/ - BluMetric Environmental Inc. (TSXV: BLM) announces that at its recent Annual and Special Meeting of Shareholders, held on 28 March 2018, shareholders elected as directors: Ron Donaldson, Hu Fleming, Vijay Jog, Scott MacFabe, Jane Pagel, and Geoff Simonett.
At the same time, shareholders approved the two new by-laws previously adopted by the Board and rejected the share issuance resolution.
Subject to TSX Venture Exchange approval, 283,917 common shares will be issued to Roger Woeller as part of his settlement agreement as outlined in the 31 October 2017 press release. The remainder of the payment owed to Mr. Woeller will be paid in cash.
BluMetric also announces that effective 28 March 2018, pursuant to the Company's Board compensation policy, it has granted options for 20,000 common shares to Jane Pagel, who is entering her fourth year of service. These options vest over one year, and are exercisable into common shares of BluMetric at a price of $0.24 per share for five years.
BluMetric currently has 28,391,778 shares outstanding. For additional information on Board or capital structure, please refer to the Company's filings on www.sedar.com.
About BluMetric Environmental Inc.
BluMetric Environmental Inc. is a publicly traded company with a portfolio of industry-leading products, processes, and services in the environment sciences and engineering sectors. BluMetric takes pride in our strong record of providing sustainable solutions to the world's environmental challenges.
Headquartered in Ottawa, Ontario, BluMetric's team of industry experts serves clients in Canada, the United States, and Central America.
For more information, visit www.blumetric.ca.
Some of the statements in this press release, including those relating to discussions of the Company's contractual and corporate agreements, future products, opportunities and cost initiatives, strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates, and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.
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.
SOURCE BluMetric Environmental Inc.
For further information: Jane E. Pagel, Board Chair, BluMetric Environmental Inc., Tel: 613.839.3053 x240, Email: [email protected]; Robin M. Sundstrom, IRonside Investor Relations, Tel: 647.822.8111, Email: [email protected]