Alabama Graphite holders re-elect four directors

Mar 1, 2016

ALABAMA GRAPHITE CORP. ANNOUNCES RESULTS OF 2016 ANNUAL GENERAL MEETING OF SHAREHOLDERS

Alabama Graphite Corp. has released the results of its annual general meeting of shareholders held on Feb. 26, 2016, in Toronto. The following four nominees were re-elected as directors of the corporation to serve until the next annual meeting of shareholders of the corporation, or until their successors are elected or appointed. The results of the voting were as follows.

Name of nominee             Per cent votes for     Per cent votes withheld

Donald Baxter                           97.17%                       2.83%
Jean Depatie                            97.17%                       2.83%
Daniel Goffaux                          97.33%                       2.67%
H. David Ramm                           95.35%                       4.65%

Six per cent of all issued and outstanding shares of the corporation were represented at the meeting.

Additionally, the following resolutions were passed:

Approval of the appointment of DeVisser Gray LLP, chartered accountants, as auditor for the ensuing year at a remuneration to be fixed by the directors;
Approval of the total number of directors at four for the upcoming fiscal year;
Reapproval of the amended and restated stock option plan of the corporation for 2016.

Donald Baxter stated: “I was impressed by the number of attendees and by the interest our shareholders expressed during the meeting. This is a testament to the outstanding work the AGC team has been doing. Our shareholder comments and observations were very astute, and their unwavering support is greatly appreciated.”