Ceapro Announces Results of 2018 Shareholders’ Meeting

EDMONTON, Alberta, June 05, 2018 (GLOBE NEWSWIRE) -- Ceapro Inc.  (TSX-V:CZO) (“Ceapro” or the “Company”), a growth-stage biotechnology company focused on the development and commercialization of active ingredients for healthcare and cosmetic industries, announced today that all proposed Directors were elected to serve for a one-year term at its annual general and special meeting of shareholders held on May 29, 2018 as per following results:

Nominee                   Votes for    Votes withheld    % of votes cast
             FOR   WITHELD
Glenn Rourke               14,547,962    366,358    97.54%   2.46%
Gilles Gagnon               14,318,305    596,015    96.00%   4.00%
Donald Oborowsky           14,434,462    479,858    96.78%   3.22%
John Zupancic             14,319,462    594,858    96.01%   3.99%
Dr. Ulrich Kosciessa       14,697,962    216,358    98.55%   1.45%
Dr. William Li            14,697,962   216,358   98.55%   1.45%

All other matters at the Shareholders' meeting, namely the appointment of auditors and the re-approval and ratification of the Company’s Stock Option Plan as proposed in the Company’s information circular dated April 18, 2018, were also approved by shareholders.

About Ceapro Inc.
Ceapro Inc. is a Canadian biotechnology company involved in the development of proprietary extraction technology and the application of this technology to the production of extracts and “active ingredients” from oats and other renewable plant resources. Ceapro adds further value to its extracts by supporting their use in cosmeceutical, nutraceutical and therapeutics products for humans and animals. The Company has a broad range of expertise in natural product chemistry, microbiology, biochemistry, immunology and process engineering. These skills merge in the fields of active ingredients, biopharmaceuticals and drug-delivery solutions. For more information on Ceapro, please visit the Company’s website at www.ceapro.com.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Jenene Thomas
Jenene Thomas Communications, LLC
T (US):  908-938-1475
E:  jenene@jenenethomascommunications.com

Source:  Ceapro Inc.

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Source: Ceapro Inc.