MONTREAL, QUEBEC--(Marketwired - July 11, 2013) - Velan Inc. (the "Corporation") (TSX:VLN) announced today that each director nominee listed in the Management Proxy Circular dated May 28, 2013 was elected as Director of the Corporation during the Annual Meeting of the Shareholders held earlier today in Montréal, Québec.
The details of the election are as follows:
| DIRECTOR NOMINEE | OUTCOME | VOTES FOR | % FOR | VOTES | % |
| WITHHELD | WITHHELD | ||||
| A.K. Velan | elected | 78,103,656 | 99.98% | 12,150 | 0.02% |
| Tom Velan | elected | 78,103,656 | 99.98% | 12,150 | 0.02% |
| William Sheffield | elected | 78,103,656 | 99.98% | 12,150 | 0.02% |
| Kenneth MacKinnon | elected | 78,099,856 | 99.98% | 15,950 | 0.02% |
| Peter Velan | elected | 78,115,806 | 100% | 0 | 0% |
| Cheryl Hooper | elected | 78,115,206 | 100% | 600 | 0% |
| Robert Velan | elected | 78,115,806 | 100% | 0 | 0% |
| Jacques Latendresse | elected | 78,115,206 | 100% | 600 | 0% |
In addition, PricewaterhouseCoopers, Chartered Accountants, have been appointed as auditors of the Corporation until the next annual meeting of shareholders.
The results of the final votes regarding all matters subject to a vote during the annual meeting that took place earlier today will be made available on SEDAR (www.sedar.com).
Contact Information:
VELAN Inc.
Tom Velan
President
(514) 748-7743
(514) 748-8635 (FAX)
VELAN Inc.
John D. Ball
Chief Financial Officer
(514) 748-7743
(514) 748-8635 (FAX)
www.velan.com
Tom Velan
President
(514) 748-7743
(514) 748-8635 (FAX)
VELAN Inc.
John D. Ball
Chief Financial Officer
(514) 748-7743
(514) 748-8635 (FAX)
www.velan.com