IC Potash Announces Results of 2014 Annual Meeting of Shareholders
02 June 2014 - 9:30PM
Marketwired
IC Potash Announces Results of 2014 Annual Meeting of Shareholders
TORONTO, ON--(Marketwired -
June 02, 2014) - IC Potash Corp. ("ICP" or the "Company")
(TSX: ICP) (OTCQX: ICPTF) today announced the results of
the voting at its annual general meeting of shareholders (the
"Meeting"), held on May 30, 2014 in Toronto, Ontario, Canada.
At the Meeting, all director nominees listed in the Company's
management information circular dated May 1, 2014 were elected as
directors of the Company. The detailed results of the vote by
ballot are as follows:
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# OF VOTES FOR |
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% OF VOTES FOR |
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# OF VOTES WITHHELD |
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% OF VOTES WITHHELD |
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Election of Directors |
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Sidney
Himmel |
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106,602,396 |
|
99.86 |
|
153,925 |
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0.14 |
George
Poling |
|
104,770,596 |
|
98.14 |
|
1,985,725 |
|
1.86 |
Ernest
Angelo, Jr. |
|
106,625,596 |
|
99.88 |
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130,725 |
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0.12 |
Anthony
Grey |
|
106,626,596 |
|
99.88 |
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129,725 |
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0.12 |
Kay
Randall Foote |
|
104,770,596 |
|
98.14 |
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1,985,725 |
|
1.86 |
Knute H.
Lee, Jr. |
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106,612,796 |
|
99.87 |
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143,525 |
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0.13 |
Honourable
Pierre Pettigrew, P.C. |
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106,623,096 |
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99.88 |
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133,225 |
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0.12 |
Jorgen
Stenvold |
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86,909,806 |
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81.41 |
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19,846,515 |
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18.59 |
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In addition, at the Meeting, shareholders reappointed Davidson
& Company LLP as auditors of the Company.
About IC Potash Corp. ICP has demonstrated a low-cost method to
produce Sulphate of Potash ("SOP") from its 100%-owned Ochoa
polyhalite deposit in southeast New Mexico. The Company goal is to
become a primary, long-term producer of SOP. The global market for
SOP is 5.5 million tons per year, with producers benefiting from
substantial price premiums over regular potash, known as Muriate of
Potash ("MOP"). SOP is a non-chloride potash fertilizer widely used
in the horticultural industry and for high value crops, such
as fruits, vegetables, tobacco and potatoes. It is applicable for
soils where there are substantial agricultural activity, high soil
salinity, and in arid regions. The Ochoa Project has access to
excellent local labor resources, low-cost electricity and natural
gas, water, rail lines, and the Port of Galveston, Texas. ICP's
land holdings consist of nearly 90,000 acres of federal subsurface
potassium prospecting permits and State of New Mexico potassium
mining leases. For more information, please visit
www.icpotash.com.
Forward-Looking Statements Certain information set forth in this
news release may contain forward-looking statements that involve
substantial known and unknown risks and uncertainties and other
factors which may cause the actual results, performance or
achievements of ICP to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Forward-looking statements include
statements that use forward-looking terminology such as "may",
"will", "expect", "anticipate", "believe", "continue", "potential"
or the negative thereof or other variations thereof or comparable
terminology. Such forward-looking statements include, without
limitation, reserve estimates, ICP's expected position as one of
the lowest cost producers of SOP in the world, the timing of
receipt and publication of ICP's environmental permits, the
sufficiency of ICP's cash balances, the timing of production, and
other statements that are not historical facts. These
forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of ICP,
including, but not limited to, risks associated with mineral
exploration and mining activities, the impact of general economic
conditions, industry conditions, dependence upon regulatory
approvals, the uncertainty of obtaining additional financing, and
risks associated with turning reserves into product. Readers are
cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements.
FOR MORE INFORMATION, PLEASE CONTACT: Mr. Mehdi Azodi Investor
Relations Director Phone: 416-779-3268 Email:
mazodi@icpotash.com
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