Carmanah Announces Change in Directors and CEO Resignation
VICTORIA, British Columbia--(BUSINESS WIRE)-- Carmanah Technologies Corporation (TSX: CMH) ("Carmanah" or the "Company") today announced the resignation of Messrs. Cruickshank and Nocente from the Board of Directors of the Company with immediate effect. The Company also announced that Mr. Michael Sonnenfeldt, a significant shareholder of the Company, and Mr. John Simmons have consented to Act as Directors of Carmanah. Completion of these appointments is expected to occur in the upcoming weeks.
Bruce Cousins, Carmanah CEO, today announced his decision to step down. Cousins will remain in his role until the appointment of a successor in order to allow for an orderly transition.
The above changes are a direct result of recent AGM voting results whereby major shareholders of the Company had expressed their interests.
About Carmanah Technologies Corporation
As one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for transportation applications worldwide. Industry proven to perform reliably in some of the world's harshest environments, Carmanah solar LED lights and solar power systems provide a durable, dependable and cost effective energy alternative. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH". For more information, visitcarmanah.com.
For further information:
Investor Relations: Roland Sartorius (CFO)
Public Relations: Natasha Bartlett
This news release contains "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements in this news release include statements about the delivery of strong and effective products for transportation applications worldwide, and the performance of such products.
With respect to the forward-looking statements contained in this news release, Carmanah has made numerous assumptions, including assumptions regarding Carmanah's ability to continue delivery of its products.While Carmanah considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Carmanah's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained herein. Known risk factors include, among others: Carmanah's ability to continue delivery of its products, and the standard of quality of such products, may be negatively affected by numerous risk factors and uncertainties, as disclosed in Carmanah's most recently filed Annual Information Form, Annual MD&A, and other continuous disclosure filings which are available on SEDAR atwww.sedar.com. Carmanah disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law.
KEYWORDS: North America Canada
The article Carmanah Announces Change in Directors and CEO Resignation originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.