Tickers: XTSX:BQE, PINX:BTQNF
Tags: Mining
VANCOUVER, BC / TheNewswire / December 11, 2017 - BQE Water Inc. (TSX-V: BQE) ("BQE Water" or the "Company"), a leader in the treatment of mine impacted water, today reported the results of the Annual General Meeting ("AGM") of shareholders held on December 7, 2017. The shareholders decided to reduce the number of directors from six to five. Accordingly, George Poling, Clement Pelletier, Christopher Fleming, Peter Gleeson and David Kratochvil were nominated and elected as directors of BQE Water.
The Company would like to take this opportunity to thank Ronald Sifton, who elected not to stand for re-election, for his time and significant efforts on behalf of the Company.
The directors were elected to hold office until the next AGM or until their successors are elected or appointed. The directors have appointed George Poling as Chair of the Board for the upcoming year. Detailed voting results for the meeting are available on SEDAR at www.sedar.com.
The shareholders approved all other matters as proposed.
BQE Water also announces that it has granted to directors, officers and employees a total of 4,200,000 stock options under the Company's Stock Option Plan. The options have a five year term and are exercisable at a price of $0.06 per share, and vest 1/3 one year after date of grant, 1/3 two years after date of grant, and the remaining 1/3 three years after date of grant.
About BQE Water
BQE Water is a service provider specializing in water treatment and management for the mining and metallurgical industry. We are focused on reducing Life Cycle Costs through customized solutions that reduce risks and long-term environmental liabilities while introducing sustainability into the overall water management plan. We have extensive expertise in the removal, recovery, and/or recycle of a broad range of metals, sulphate, selenium, cyanide, ammonia and other nitrogen species. BQE Water has commercialized several water treatment technologies and built plants at mine sites around the world for organizations including Glencore, Jiangxi Copper, Freeport-McMoRan and the US EPA. A key part of our business is our involvement in the ongoing operation and maintenance of treatment plants. We currently operate several plants under long-term contract and provide operations support to other plants globally. Our capabilities in implementing technical innovation and plant operations provides us with first-hand experience to deliver practical and actionable consultancy services. The company operates water testing laboratories and mobile pilot treatment facilities in North and South America, and China. BQE Water is headquartered in Vancouver, Canada and trades on the TSX Venture Exchange under the symbol BQE. Please visit www.bqewater.com for more information.
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The Toronto Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
For further information please contact:
BQE Water Inc.
Suite 250 - 900 Howe Street
Vancouver BC Canada V6Z 2M4
David Kratochvil, President & CEO
Wylie Hui, CFO
604-685-1243 or 1-800-537-3073
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