Semcan Inc. Announces Randy Fowlie Will Not Be Standing for Re-Election to the Board of Directors

Semcan Inc. (TSX VENTURE:STT) ("Semcan" or the "Company") announced that Mr.
Randy Fowlie informed the Company's board of directors today that he will not be
standing for re-election at the upcoming AGM. Mr. Fowlie has served on the board
since January 2010, and as the Company's Chairman since March 21, 2011. Mr.
Fowlie informed the Board that upon further reflection, he would no longer be
able to commit the necessary time to Semcan Inc.


Mr. David Deacon, CEO, on behalf of the Company's board, commented "Mr. Fowlie
has been a strong independent board member since January 2010, and we were very
fortunate to have him step up over the last year to take on the role of
Chairman. He has made a significant contribution in time and effort as well as
providing balanced advice as we restructured the Company's balance sheet and
returned to operating profitability. We were aware that Randy had taken on the
role of Chairman during a period of increased personal work load. We thank Randy
for the time he has spent in helping Semcan through its transition, and wish him
well in all his future endeavours."


Semcan's annual general meeting will be held on June 28, 2012 in Toronto.
Following the meeting, the Company's directors will seek a replacement for the
seat vacated by Mr. Fowlie.


About Semcan Inc.

Semcan is a North American supplier of industrial processes and environmental
solutions with specific emphasis on water remediation and emission control
systems.


The Company is of the view that environmental considerations and preventative
technologies are becoming a prerequisite of most modern industrial expansion,
particularly in the mining, oil & gas and power sectors.


The Company's principal focus is the conceptual design, engineering, project
management, and assembly and installation of complete bulk material handling
systems used to clean up water and control air emissions- from the storage
silos, to the conveying systems, to the computerized electronic controls. The
systems are utilized internationally in a broad range of industries.


Caution Regarding Forward-Looking Information

Forward-Looking Information

This news release contains certain forward-looking statements. These statements
relate to future events or future performance and reflect management's current
expectations and assumptions regarding the growth, results of operations,
performance, and business prospects and opportunities. Such forward-looking
statements reflect management's current beliefs and expectations and are based
on information currently available to management of Semcan. In particular,
statements regarding the future operating results and economic performance are
forward-looking statements. Forward-looking statements involve significant risks
and uncertainties. A number of factors could cause actual events or results to
differ materially from the events and results discussed in the forward-looking
statements, including risks outlined under "Risk Factors" in our Annual
Information Form, which is posted at www.sedar.com. In evaluating these
statements, investors should specifically consider various factors, including
such risks as Investment Risk; Business Valuations; Condition of Capital
Markets; Dependence on Key Personnel; General Economic Factors; Interest Rate
Risk; Competition; and Reliance on Key Suppliers. One or more of these "Risk
Factors" could cause actual events or results to differ materially from any
forward-looking statement. These factors should not be considered exhaustive.
Although the forward-looking statements contained in this press release are
based on what management of Semcan considers to be reasonable assumptions based
on information currently available to them, there can be no assurance that
actual events or results will be consistent with these forward-looking
statements, and management's assumptions may prove to be incorrect. These
forward-looking statements are made as of the date of this press release, and
none of Semcan nor its directors assume any obligation to update or revise them
to reflect new events or circumstances. Undue reliance should not be placed on
forward-looking statements.

STT Enviro Corp. (TSXV:STT)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024