|By Marketwired .||
|March 31, 2014 05:18 PM EDT||
RENO, NEVADA -- (Marketwired) -- 03/31/14 -- Western Lithium USA Corporation (the "Company") (TSX:WLC)(OTCQX:WLCDF) is pleased to announce that shareholders have approved all resolutions presented at its Annual General Meeting (the "Meeting") held today, including the election of the Company's proposed nominees to the board of directors. At the Meeting, 33,934,021 common shares representing 33.21% of the total number of shares issued and outstanding, were voted in favour of the election of the proposed board members.
The Company's directors for the next year will be John Macken, Chairman of the Board, Jay Chmelauskas, Director, President and CEO of the Company, Edward Flood, William Haldane, Terry Krepiakevich and William M. Sheriff. In addition, shareholders appointed the auditor of the Company for the coming year and approved an amendment to the Company's employees' and directors' stock option plan.
About the Company
Western Lithium is pursuing the opportunity to be a supplier of specialty drilling additive, HECTATONE(TM) and potentially other organoclays for the oil and gas industry, and in particular, to support the growth of high pressure high temperature, deep directional drilling applications. The Company is also developing its Kings Valley, Nevada lithium deposit into a strategic, scalable and reliable source of high quality lithium carbonate. The Company is positioning itself as a major U.S.-based supplier to support the rising global demand for lithium carbonate that is expected from the increased use of hybrid/plug-in and electric vehicles.
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