|By Marketwired .||
|July 18, 2014 03:42 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/18/14 -- Xylitol Canada Inc. ("Xylitol Canada", or the "Company") (TSX VENTURE: XYL) is pleased to announce the successful completion of its annual general and special meeting held on July 17, 2014 (the "Meeting").
The Company had 31.5% of its issued and outstanding common shares represented at the Meeting either in person or by proxy. At the Meeting, shareholders voted to approve the Company's stock option plan, which is done annually, and also approved the re-appointment of MNP LLP as auditors of the Company for the ensuing year. In addition, shareholders appointed the following directors to the board of directors of the Company to hold office until the next annual shareholder's meeting or until a successor is elected: Andrew Reid, Tom Kierans, Roger Daher, and Horst Hueniken.
Xylitol Canada is also pleased to announce an investor relations liaison at its offices in the United States. All investor inquiries can be submitted to Xylitol USA, Inc. at [email protected], toll free at 1-866-948-1999, or directly at 303-991-1999.
ABOUT XYLITOL CANADA INC.
Xylitol Canada markets xylitol and xylitol based-products and is focused on becoming a major low-cost manufacturer of xylitol and related products, serving the global market from operations in North America. Xylitol Canada's business strategy is to leverage novel proprietary technology and processes to become North America's premier manufacturer of low cost, high quality xylitol from readily available environmentally-sustainable biomass. Xylitol is an natural sweetener which is marketed globally including Canada and the United States and is accepted by the American Food and Drug Administration, the World Health Organization and the American Dental Association. Xylitol contains 75% less carbohydrates and 40% less calories than sugar, has a myriad of oral health benefits including the prevention of tooth decay and is safe for diabetics. To date, wider spread use of xylitol has been limited by the lack of a reliable, low cost, high quality supplier. Through its product division, Xylitol Canada services customers such as Loblaws, Whole Foods, Costco Wholesale, and other North American retail accounts.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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