Thermal Energy International Provides Corporate Update and Results from its Annual Shareholders Meeting

Thermal Energy International (TSXV:TMG), a global provider of proprietary energy efficiency solutions to the industrial, commercial and institutional sectors, held its annual general meeting of shareholders on Monday, November 28, 2016, in Ottawa.
As quoted in the press release:

At the AGM, the shareholders approved the increase in the size of the board of directors from seven to eight. To somewhat offset the increased board expenses, the board reduced the annual retainer paid to each director. Kathy Milsom and William White were duly elected to the Company’s Board of Directors, and Bruce Linton retired from the Board effective with the AGM. Each of the other director nominees put forth by management were re-elected by the shareholders at the AGM.
The Company granted each of these new directors options to purchase 250,000 common shares. The stock options form part of the overall annual remuneration package for directors and are exercisable at $0.115 per share. Stock option grants are subject to necessary regulatory approvals.

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