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News Release - June 21, 2018Pinnacle Renewable Holdings Inc. Announces Voting Results from 2018 Annual Meeting of Shareholders

VANCOUVER, June 21, 2018 /CNW/ - Pinnacle Renewable Holdings Inc. ("Pinnacle" or the "Company") (TSX: PL) announced today that each of the nominee directors listed in the management information circular of the Company dated May 15, 2018 (the "Circular") was elected as a director of the Company (a "Director") at the annual meeting of the holders of Common Shares (the "Shareholders") of the Company held today (the "Meeting"). The number of Common Shares voted by proxy for the election of each Director or withheld was as indicated below:

Name of Nominee

Votes For

%

Votes Withheld

%

Gregory Baylin

23,944,517

86

3,931,240

14

Pat Bell

27,583,230

99

292,527

1

Michael Lay

23,944,517

86

3,931,240

14

Hugh MacDiarmid

27,583,430

99

292,327

1

Robert McCurdy

23,986,007

86

3,889,750

14

Jane O'Hagan

27,583,430

99

292,327

1

Leroy Reitsma

23,986,007

86

3,889,750

14

 

Final results on all matters voted at the Meeting will be filed with the Canadian securities regulatory authorities and will be available on the Company's SEDAR profile at www.sedar.com.

About Pinnacle

Pinnacle is a rapidly growing industrial wood pellet manufacturer and distributor and the third largest producer in the world. The Company produces renewable fuel for electricity generation in the form of industrial wood pellets, which are used by global utilities and large-scale power generators to produce renewable and reliable baseload power. Pinnacle is a trusted supplier to its customers, who require reliable, high quality fuel supply to maximize utilization of their facilities. Pinnacle takes pride in its industry leading safety practices. The Company operates seven industrial wood pellet production facilities in western Canada, a port terminal in Prince Rupert, B.C., and currently has a new production facility under construction in Smithers, B.C. Pinnacle has entered into long-term take-or-pay contracts with utilities in the U.K., Europe and Asia that represent 104% of its production capacity through 2021 and nearly 87% of its production capacity through 2026.

SOURCE Pinnacle Renewable Holdings Inc.

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Our Locations

Pinnacle currently operates seven wood pellet production facilities throughout western Canada, and one production facility in Alabama. Pinnacle’s Canadian production facilities are all located on major rail lines allowing for efficient rail transport to one of two ocean shipping terminals on the B.C. coast: Pinnacle’s wholly-owned Westview terminal in Prince Rupert, and the Fibreco Terminal at the Port of Vancouver. The Alabama production facility utilizes inland waterways to cost-effectively transport pellets for ocean shipping via the Port of Mobile on the U.S. Gulf Coast.

Production Facilities
Shipping Terminals
Offices
Plants Under Development
Western Canada
Southeastern United States