published: April 13, 2012
Westport Innovations Inc. (TSX:WPT / NASDAQ:WPRT), the global leader in natural gas engines, announced today that shareholders have approved all resolutions presented at its Annual and Special Meeting held on April 12, 2012, including the election of directors of Westport for the next year; the amendment of the Corporation's articles of incorporation to allow for meetings of shareholders to be permitted in such location as the directors of the Corporation may determine; the amendment of the Corporation's Omnibus Incentive Plan; and the appointment of auditors for Westport for the next year and the authorization of the directors to fix their remuneration.
The returning board members re-elected are Warren J. Baker, John A. Beaulieu, M.A. (Jill) Bodkin, David R. Demers, Dezsö J. Horváth, Douglas R. King, Albert T. Maringer, and Gottfried (Guff) Muench.
The resolutions are all described in the Information Circular of the Company dated February 28, 2012.
At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are inventors, engineers, manufacturers and suppliers of advanced clean-burning fuel systems and components that can change the way the world moves. Our technology delivers performance, fuel efficiency and environmental benefits to address the challenges of global climate change and urban air quality. Headquartered in Vancouver, Canada, we serve our customers in more than 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.
Westport Fuel Systems Inc. announced today the closing of its previously announced offering of 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000.
Westport Fuel Systems will offer 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000.
Westport Fuel Systems Inc. announced today that it expects Q2 2017 revenues to be $57-$59 million for the quarter ended June 30, 2017 and a cash balance of approximately $87 million at June 30, 2017.
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