TORONTO, ONTARIO--(Marketwired - July 29, 2015) - PhosCan Chemical Corp. (TSX:FOS) ("PhosCan" or the "Company") announces the results of its annual and special meeting of shareholders (the "Meeting") held in Toronto, Ontario on July 28, 2015.

At the Meeting, all director nominees listed in the Company's management information circular dated June 25, 2015 were elected as directors of the Company. The detailed results of the votes cast for each director elected at the Meeting were as follows:
Director Number of Votes For Percentage of Total Votes Cast
Stephen D. Case 40,013,242 51.14
Gordon S.T. McKinnon 34,396,042 43.96
A. Murray Sinclair 50,786,749 64.91
Stephen H. White 45,592,342 58.27
John D. Yokley 45,534,642 58.20

In addition, at the Meeting shareholders appointed Collins Barrow Toronto LLP, Chartered Accountants, as auditors of the Company and ratified the continued existence of the Company's shareholder rights plan for a further three years.

In accordance with the Company's Majority Voting Policy, Mr. Gord McKinnon has submitted his resignation to the Board, as he received fewer votes in favour of his re-election as a director than votes withheld. Such resignation does not become effective unless and until it is accepted by the Board of Directors. Pursuant to the Policy, the Corporate Governance and Nominating Committee of the Company will consider the resignation and make a recommendation to the Board as to whether Mr. McKinnon's resignation should be accepted. The Board will announce its decision as to whether to accept Mr. McKinnon's resignation by no later than October 26, 2015, being 90 days from the date of the Annual and Special Meeting.

The formal report on voting results with respect to the matters voted upon at the Meeting will be filed on SEDAR at

Contact Information:

PhosCan Chemical Corp.
Stephen Case
President & CEO
(416) 972-9222