11:55:01 EDT Fri 29 Mar 2024
Enter Symbol
or Name
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Arpetrol Ltd (2)
Symbol RPT
Shares Issued 22,901,468
Close 2014-08-28 C$ 0.60
Market Cap C$ 13,740,881
Recent Sedar Documents

Arpetrol shareholders pass all resolutions at AGM

2014-08-29 16:04 ET - News Release

Mr. Ian Habke reports

ARPETROL LTD. ANNOUNCES RESULTS FROM ANNUAL AND SPECIAL SHAREHOLDER MEETING, OPTION GRANT AND NEW CORPORATE PRESENTATION

Arpetrol Ltd. is providing the voting results from its annual and special meeting of shareholders held on Aug. 27, 2014. Shareholders approved the following proposals: the election of Abdel Badwi, Jeffrey Boyce, Claudio Ghersinich, Jason James and Timothy Thomas as the directors of the corporation; the appointment of Deloitte LLP as the auditor of the corporation; and the annual approval of the company's stock option plan as required under TSX Venture Exchange policies.

The company also wishes to announce that today it granted options to purchase an aggregate of 856,000 common shares to certain directors, officers and employees of the company pursuant to the company's approved stock option plan. The options are exercisable at a price of 60 cents per common share, will vest in thirds over three years and will expire seven years from today's grant date. No options have been granted by the company since 2012, and this grant of options is intended to assist in retaining and rewarding officers, directors and employees of the company and provide an at-risk, long-term incentive that aligns with shareholders' interests to increase value.

The company also wishes to advise that its new corporate presentation has been posted on the company's corporate website.

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