MRO Magazine

Velan Announces Election of Directors


July 10, 2015
By Marketwired News

MONTREAL, QUEBEC–(Marketwired – July 10, 2015) – Velan Inc. (the “Corporation”) (TSX:VLN) announced today that each director nominee listed in the Management Proxy Circular dated May 24, 2015 was elected as Director of the Corporation during the Annual and Special Meeting of the Shareholders held on July 9, 2015 in Montréal, Québec.

The details of the election are as follows:


DIRECTOR NOMINEE
OUTCOMEVOTES FOR% FORVOTES
WITHHELD
%
WITHHELD
Tom Velanelected81,211,29499.991200.01
William Sheffieldelected80,889,11499.60322,3000.40
Kenneth MacKinnonelected80,889,11499.60322,3000.40
Peter Velanelected81,181,41499.9630,0000.04
Cheryl Hooperelected81,211,414100.00
Robert Velanelected81,210,41499.991,0000.01
Jacques Latendresseelected81,211,414100.00

The results of the final votes regarding all matters subject to a vote during the annual and special meeting will be made available on SEDAR (www.sedar.com).

VELAN Inc.
Tom Velan
CEO
(514) 748-8635
(514) 748-7743

VELAN Inc.
John D. Ball
Chief Financial Officer
(514) 748-8635
(514) 748-7743
www.velan.com