Business
Orbite Announces Annual Meeting Results
Orbite Announces Annual Meeting Results.
About this update from Orbite Technologies Inc
[{"type":"text","content":"\n \n \n Orbite Announces Annual Meeting Results\n \n \nOrbite Announces Annual Meeting Results\n \n MONTREAL, QUEBEC--(Marketwired - Jun 22, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) (\"Orbite\" or the \"Company\") announced today that shareholders of the Company have approved all management resolutions put forth at the Annual Meeting of Shareholders held in Montréal, Québec, on Wednesday, June 22, 2016. \n Shareholders elected each of the Company's nominees for director by the following votes cast by ballot: \n \n \n \n Director\n Votes For\n % For\n \n Votes Withheld\n % Withheld\n \n \n \n Glenn Kelly\n 62,531,744\n 95.33\n %\n 3,066,461\n 4.67\n %\n \n \n Claude Lamoureux\n 65,922,139\n 97.71\n %\n 1,541,941\n 2.29\n %\n \n \n Pascal Decary\n 60,450,052\n 89.60\n %\n 7,014,028\n 10.40\n %\n \n \n Lionel Leveillé\n 63,309,223\n 95.84\n %\n 2,746,857\n 4.16\n %\n \n \n Pierre B. Meunier\n 63,136,004\n 93.58\n %\n 4,328,076\n 6.42\n %\n \n \n Stephane Bertrand\n 63,547,999\n 94.20\n %\n 3,916,081\n 5.80\n %\n \n \n Pierre Gignac\n 65,662,040\n 97.33\n %\n 1,802,040\n 2.67\n %\n \n \n \n Shareholders voted to appoint KPMG LLP as the Company's auditor, and authorized the directors to fix their remuneration. The Company received a shareholder proposal for the election of Mr. Lorenzo D'Alesio as nominee for director which was defeated 5.76% of votes for and 94.24% votes withheld. \n \n Complete voting results can be found on www.sedar.com. \n \n About Orbite\n \n Orbite Technologies Inc. is a Canadian cleantech company whose innovative and proprietary processes are expected to produce alumina and other high-value products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, and in a sustainable fashion, using feedstocks that include aluminous clay, kaolin, nepheline, bauxite, red mud, fly ash as well as serpentine residues from chrysotile processing sites. Orbite is currently in the process of commercializing its first HPA Plant in Cap-Chat. The Company's portfolio contains 16 intellectual property families, including 32 patents and 101 pending patent applications in 11 different countries and regions. The first intellectual property family is patented in Canada, USA, Australia, China, Japan and Russia. The Company also operates a state of the art technology developmen...