Business
Raytec Shareholders Re-Elect Directors
Raytec Shareholders Re-Elect Directors
About this update from Encanto Potash Corp.
[{"type":"text","content":"\nRaytec Shareholders Re-Elect Directors\n\n\n Jul. 2, 2009 (Baystreet.ca) -- VANCOUVER, BRITISH COLUMBIA -- Raytec Metals Corp. (the \"Company\" or \"Raytec\") (TSX VENTURE: RAY) announces that its shareholders have overwhelmingly approved all of the resolutions brought forward at the Annual General Meeting (the \"AGM\") including the re-election of Brian G. Thurston, Richard Knoll, Wayne J. Roberts, and Casey Forward to the Board of Directors.\n\nRaytec's president, Mr. Brian G. Thurston, states: \"On behalf of Raytec's management team we would like to thank our shareholders for their vote of confidence in our Board of Directors. With the AGM behind us the Company can now focus all of its energy on its strategic alliances and continue to explore for new opportunities. Our long-term strategic plan is to focus on Oil & Gas, specifically in Africa. We look forward to increasing shareholder value throughout 2009\". \nAfter confirmation by Computershare Raytec will file on SEDAR the final results on votes cast for each resolution. \nAbout Raytec: \nRaytec Metals Corp. is a well-financed, Canadian exploration company with a recently signed Farm-In letter of intent with Africa Oil Corp. and a recently signed letter of intent with Angus Ventures Corp. and Encanto Potash Corp. Raytec currently holds over 180,000 acres of potash permits in Saskatchewan, Canada - the largest producing region for potash in the world. The Company holds approximately a 20 per cent interest in Sulphur Solutions Inc., an emerging fertilizer company developing state-of-the-art patented technology for the production of micronized sulphur fertilizer. The Company is further diversified with an iron ore project in Ontario, and a uranium joint venture project in the Athabasca Basin of Saskatchewan. \nTo find out more about Raytec Metals Corp., please visit the company website at www.raytecmetals.com or review the documents filed on www.sedar.com. \nOn behalf of the Board, \nRAYTEC METALS CORP. \nBrian G. Thurston, President and CEO \nThis release includes certain statements that may be deemed \"forward-looking statements\". All statements in this release, other than statements of historical facts, that address exploration drilling, exploration activities and events or developments that the Company expects to occur, are forward-looking statements. Forward-looking st...