Press release from Marketwire
Bri-Chem Announces Election of Directors and Grant of Stock Options
Monday, August 12, 2013
Bri-Chem Announces Election of Directors and Grant of Stock Options12:33 EDT Monday, August 12, 2013
EDMONTON, CANADA--(Marketwired - Aug. 12, 2013) - Bri-Chem Corp. ("Bri-Chem" or "Company") (TSX:BRY) a leading North American wholesale distributor and manufacturer of oil and gas drilling fluids, steel pipe and piping products is pleased to announce that at the annual general meeting of the shareholders held on June 11, 2013, each of the four nominees listed in the Management Information Circular dated May 9, 2013 were elected as directors of Bri-Chem for the ensuing year.
Based on the proxies received and by show of hands conducted at the meeting, the following individuals were elected as directors of the Company until the next annual shareholder meeting of the shareholders. Accordingly, the results were as follows:
|Votes For||% Votes For||
All other resolutions provided for in the Management Information Circular were duly passed and a report on the voting results were filed with the Canadian securities regulatory authorities at www.sedar.com.
The Company has granted options to acquire up to 180,000 common shares to executive officers and independent directors of Bri-Chem. The options are granted in accordance with Bri-Chem's stock option plan and have terms that expire ten years from the grant date.
Since our formation in 1985, Bri-Chem has established two primary segments of business through a combination of internal growth and acquisitions: Bri-Chem's Drilling Fluid Division is North America's largest independent wholesale supplier of drilling fluids for the oil and gas industry. We provide over 150 critical drilling fluid products, cementing, acidizing and stimulation additives from 30 strategically located warehouses throughout Canada and the United States; Bri-Chem's Steel Pipe Division is one of only two companies in North America that can manufacture and supply large diameter seamless steel pipe for the energy industry. Bri-Chem is the first company to introduce Thermal Pipe Expansion (TPE) in North America. Additional information about Bri-Chem is available at www.sedar.com or at Bri-Chem's website at www.brichem.com.
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FOR FURTHER INFORMATION PLEASE CONTACT:
CHF Investor Relations
(416) 868-1079 x239
CHF Investor Relations
(416) 868-1079 x231