Calgary, Alberta (FSCwire) - (CSE:QSL, FSE:Q2O) – QSolar Limited (“QSolar” or the “Corporation”) announces the results of the Corporation's annual general meeting (“AGM”) held on July 16, 2014. A total of 43,848,531 common shares, representing 59.46 per cent of the votes attached to all outstanding shares as at the record date for the meeting, were represented at the AGM. This demonstrates a high level of shareholder participation and evidences strong support for the re-election of the board's nominees as directors.
All of the matters submitted to the shareholders for approval as set out in QSolar's notice of meeting and information circular, both dated June 4, 2014, were approved by the requisite majority of votes cast at the AGM. The details of the voting results for the election of directors are set out in the attached table.
| | Votes for | | Withheld votes |
Director | | Number % | | Number % |
| | | | |
Andreas Tapakoudes | | 43,796,931 99.88 | | 51,600 0.12 |
Preston Maddin | | 43,796,931 99.88 | | 51,600 0.12 |
Mark Ferguson | | 43,796,931 99.88 | | 51,600 0.12 |
Dr. Zijian Zhou | | 43,796,931 99.88 | | 51,600 0.12 |
Shareholders also:
- approved the reappointment of Davidson & Company LLP as auditor of the Corporation for the ensuing year at the remuneration to be fixed by the directors;
About QSolar Limited
QSolar trades under the symbol QSL on the CSE and Q2O on the Frankfurt Securities Exchange (“FSE”). There are currently 73,748,912 common shares issued and outstanding.
QSolar Limited (www.qsolar.net) and its wholly-owned subsidiary, QSolar Ltd., and its wholly-owned subsidiary, QSolar (Shanghai) Photovoltaic Technology Co. Ltd., develop proprietary trade secret solar related processes and technologies, and manufacture and sell proprietary solar products. The Corporation currently manufactures solar photovoltaic (PV) panels in Shanghai, China using its proprietary trade secret Spraytek® and ESS process and its own QLite and QSS family designs. QSolar Spraytek® panels offer several advantages over competing products as they have significantly lower losses in hot climates due to their design, offer superior solar cell encapsulation for better protection, significant weight savings and durability features over existing competitors PV modules.
Additional information on the operations or financial results of QSolar Limited are included in reports on file with applicable securities regulatory authorities and may be accessed through the CSE website (www.cnsx.ca) and Sedar website (www.sedar.com) under the profile for QSolar.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gary Perkins, Investor Relations
Tekkfund Capital Corp.
Telephone: 416- 882-0020
Email: garyperkins@rogers.com
Karsten Busche
public eye Consulting – Berlin, Germany
Telephone: +49 30 430 589 22
Email: kb@publiceye-consulting.com
Andreas Tapakoudes, Chief Executive Officer
QSolar Limited
Telephone: 011-44-7534-711-503
email: andreas@QSolar-Limited.com
Preston J. Maddin, Chief Financial Officer
QSolar Limited
Telephone: 403-617-0000
email: preston@qsolar-limited.com
Neither the CSE nor the FSE have approved nor disapproved the contents of this press release. Neither the CSE nor the FSE accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained in this news release constitute forward looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, ‘may”, “will”, “project”, “should”, ‘believe”, and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements are based on reasonable assumption but no assurance can be given that these expectations will prove to be correct and the forward-looking statements included in this news release should not be unduly relied upon.
Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements, such as whether QSolar is able to meet price, performance, quality and delivery requirements. Although QSolar believes that the expectations represented by any forward-looking statements and forward-looking information contained herein are reasonable based on the information available to them on the date of this document, management cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements or forward-looking information. QSolar undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/qsolar07172014.pdfSource: QSolar Limited (CSE:QSL) http://www.qsolar.net/
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Copyright © 2014 Filing Services Canada Inc.