MONCTON, NEW BRUNSWICK--(Marketwire - Aug. 15, 2012) - Excellium Inc. (TSX VENTURE:XLM) (the "Corporation" or "Excellium"), announces that Mr. Jacques Duchesneau has resigned from his position as director of the Company effective August 2, 2012 to pursue other interests, which resignation was accepted by the Board of Directors today. In addition to his role as director, Mr. Duchesneau was acting as the Chair of the Corporation's HR & Compensation Committee and was a member of its Governance and Nominating Committee. Jean Pouliot will take over Mr. Duchesneau's role as the Chair of the HR & Compensation Committee, and Ross Finlay will be appointed as a member of the HR & Compensation Committee and the Governance and Nominating Committee to replace Mr. Duchesneau.
Excellium management and fellow directors wish to thank Mr. Duchesneau for his service and valuable contribution to the Corporation throughout his mandate. We wish him success in all of his future endeavors.
Excellium is the new name of Azura Ventures Ltd., a former Capital Pool Company, who changed its name after the completion of its Qualifying Transaction. Additional information concerning the Qualifying Transaction is available in the Filing Statement dated May 30, 2012, which can be found under Excellium Inc. on www.sedar.com.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.