Clearly Canadian Re-elects Directors at Annual General Meeting.VANCOUVER, BC--(BUSINESS WIRE)--June 27, 1995--Clearly Canadian Beverage Corporation is pleased to announce that Douglas L. Mason, D. Bruce Horton and Michael S. Gustavson were re-elected to serve as directors at the Company's annual general meeting of shareholders held on June 23, 1995. The directors will serve for a term of three years, as provided for in Clearly Canadian's corporate articles. Through its notice of meeting and information circular Information Circular A document sent to shareholders outlining important matters to be discussed at the annual shareholders' meeting. Notes: Sent along with a proxy, the information circular may cover matters such as the election of the Board of Directors, possible , shareholders were asked to approve a resolution authorizing amendments to Clearly Canadian's stock option plan and employee share purchase plan. The amendments would effectively permit greater numbers of shares being available for purchase under the plans. While there were sufficient votes to pass this resolution in the manner proposed, Clearly Canadian's management voluntarily elected not to proceed with the stock option and employee share purchase plan amendments. Douglas L. Mason, Clearly Canadian's President and Chief Executive Officer, commented "We received inquiries from some valued shareholders relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the scope of the stock option and employee share purchase plan amendments. Given the nature of the inquiries and the perceived uncertainty relating to the proposals, we simply decided to withdraw the matter and leave the plans in their present form." The stock option plan and the employee share purchase plan will, therefore, remain in the forms presently constituted. -0- On Behalf of the Board of Directors Douglas L.Mason Chief Executive Officer Note to Editors: CLEARLY CANADIAN This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. BEVERAGE CORPORATION is the registered holder of the trademark "Clearly Canadian(R)". CLEARLY CANADIAN BEVERAGE CORPORATION, and its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , produce, distribute and market CLEARLY CANADIAN(R), CLEARLY TEA(TM), and CLEARLY 2(TM), a line of flavoured adj. 1. same as flavored; - of foods. and unflavoured water beverages. Through distribution and/or licensing agreements, CLEARLY CANADIAN(R) is sold throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Japan, the United Kingdom, the Republic of Ireland, the Caribbean and other countries worldwide. The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT: Clearly Canadian Douglas L. Mason, 604/683-0312 604/683-2256 (fax) |
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