Argex announces former president of DuPont Canada, William White, to be nominated to its Board of Directors
MONTREAL, June 18, 2015 /CNW Telbec/ - Argex Titanium Inc. (TSX: RGX) ("Argex" or the "Corporation"), is pleased to announce the appointment of William White as Director of the Corporation. His appointment will become effective on June 25th, 2015.
William White retired from DuPont in 2008 where he was a leader in numerous international business units during the course of his career. These included DuPont Titanium Technologies, DuPont Chemical Solutions Enterprise, and DuPont Safety Resources. He was appointed director of Business Improvement at the company's headquarters in Wilmington, Delaware, before being promoted in 2006 to president of DuPont Canada.
Mr. White is now a partner at CBW Associates where he provides strategic advice and executive coaching on business growth, organizational improvement and business turnaround. With a focus on companies in the Clean Technology and Sustainability arena, he holds key roles such as COO of Woodland Biofuels, Director of the Sustainable Chemistry Alliance and chair of the advisory board for the Schulich Center of Excellence for Responsible Business. He is a graduate of Purdue University Engineering and chairs the Mechanical Engineering advisory council.
William White stated "I am very pleased to join the Board of Argex at this pivotal time, the corporation's technology is a promising part of the future of the TiO2 industry.
"We are excited to welcome Bill to the Argex Board. Bill's wealth of experience in large scale chemical companies and in the TiO2 industry is invaluable. We look forward to his insight and contribution at this important juncture", commented Roy Bonnell, President and CEO of Argex.
About Argex Titanium
Argex Titanium Inc. has developed an advanced chemical process for the volume production of high grade titanium dioxide (TiO2) for use in high quality paint, plastics, cosmetics and other applications. The Corporation's unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex's process provides a significant cost and environmental advantage over current legacy TiO2 production methods. The Corporation's primary near term goal is to rapidly advance toward a 50,000 tonne per annum production module as a first step in its goal to transform the 5.7 million tonne per annum TiO2 industry.
Forward-Looking Statements
This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" "target" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex's control. These risks, uncertainties and assumptions include, but are not limited to, the terms of the Offering, the successful completion of the Offering, the Corporation's anticipated use of proceeds and the expected timing for closing of the Offering as well as those described under "Risk Factors" in Argex's Annual Information Form for the fiscal year ended December 31, 2014, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.
SOURCE Argex Titanium Inc.
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