OAK BROOK, IL, June 15, 2012 /CNW/ - Primary Energy Recycling
Corporation (TSX: PRI), a clean energy company that generates revenue
from capturing and recycling recoverable heat and byproduct fuels from
industrial processes, today announced that shareholders have approved
all resolutions put forth at the Annual and Special Meeting of
Shareholders held in Toronto, Ontario on Thursday, June 14, 2012.
Shareholders elected the Company's nominees for director: Rodney
Boulanger, Douglas V. Graham, A. Michel Lavigne, Donald A. Pether,
Christopher H. Pickwoad, John D. Prunkl and Lorie Waisberg.
Shareholders voted to re-appoint PricewaterhouseCoopers LLP as the
Company's auditor, and authorized the directors to fix the remuneration
of the auditor.
Shareholders also voted in favour of the ordinary resolution approving
an increase in the Common Shares reserved for issuance under Primary
Energy Recycling's stock option plan by 1,000,000 Common Shares (for a
total of 2,833,332 Common Shares reserved for issuance), and the grant
of certain options as described in the management information circular.
Complete voting results can be found on www.sedar.com
About Primary Energy Recycling Corporation
Primary Energy Recycling Corporation owns a majority interest in Primary
Energy Recycling Holdings LLC ("PERH"). PERH, headquartered in Oak
Brook, Illinois, indirectly owns and operates four recycled energy
projects and a 50 per cent interest in a pulverized coal facility
(collectively, the "Projects"). The Projects have a combined electrical
generating capacity of 283 megawatts and a combined steam generating
capacity of 1.8M lbs/hour. PERH creates value for its customers by
recycling recoverable heat and byproduct fuels from industrial and
electric generation processes and converting it into reliable and
economical electricity and thermal energy for resale back to its
customers. For more information, please go to www.primaryenergy.com.
SOURCE Primary Energy Recycling Corporation
For further information:
For Primary Energy please contact:
Chief Financial Officer
Media and Investor Relations
416.815.0700 ext. 225