April  2015  

TSX:RGX

TSX:RGX

The  informa,on  presented  contains  “forward-­‐looking  statements”,  within  the  meaning  of  the  United  States  Private  Securi,es  Li,ga,on  Reform  Act   of   1995,   and   “forward‑looking   informa,on”   under   similar   Canadian   legisla,on,   concerning   the   business,   opera,ons   and   financial  performance  and  condi,on  of  Argex  Titanium  Inc.  (“Argex”  or  the  “Company”).  Forward-­‐looking  statements  and  forward‑looking  informa,on  include,  but  are  not  limited  to,  statements  with  respect  to  es,mated  produc,on,  the  ,ming  and  amount  of  es,mated  future  produc,on;  costs  of  produc,on;  capital  expenditures;  success  of  explora,on  ac,vi,es;  permiPng  ,me  lines  and  permiPng  ;  environmental  risks;  unan,cipated  reclama,on   expenses;   ,tle   disputes   or   claims;   li,ga,on   liabili,es;   and   limita,ons   on   insurance   coverage.   Generally,   forward-­‐looking  statements  and  forward‑looking  informa,on  can  be  iden,fied  by  the  use  of  forward-­‐looking  terminology  such  as  “plans”,  “expects”  or  “does  not  expect”,  “is  expected”,  “budget”,  “scheduled”,  “es,mates”,  “forecasts”,  “intends”,  “an,cipates”  or  “does  not  an,cipate”,  or  “believes”,  or  varia,ons   of   such  words   and   phrases   or   state   that   certain   ac,ons,   events   or   results   “may”,   “could”,   “would”,   “might”   or   “will   be   taken”,  “occur”   or   “be   achieved”.   Forward-­‐looking   statements   and   forward‑looking   informa,on   are   based   on   the   opinions   and   es,mates   of  management  as  of  the  date  such  statements  are  made,  and  they  are  subject  to  known  and  unknown  risks,  uncertain,es  and  other  factors  that  may  cause  the  actual  results,  level  of  ac,vity,  performance  or  achievements  of  the  Company  to  be  materially  different  from  those  expressed  or  implied  by  such  forward-­‐looking  statements  or  forward‑looking  informa,on.    Although  management  of  the  Company  has  aTempted  to  iden,fy  important  factors  that  could  cause  actual  results  to  differ  materially  from  those  contained  in  forward-­‐looking  statements  or  forward‑looking  informa,on,  there  may  be  other  factors  that  cause  results  not  to  be  as  an,cipated,  es,mated  or  intended.    There  can  be  no  assurance  that  such   statements   will   prove   to   be   accurate,   as   actual   results   and   future   events   could   differ   materially   from   those   an,cipated   in   such  statements.   Accordingly,   readers   should   not   place   undue   reliance   on   forward-­‐looking   statements   and   forward‑looking   informa,on.   The  Company  does  not  undertake  to  update  any  forward-­‐looking  statements  or   forward‑looking   informa,on  that  are   incorporated  by  reference  herein,  except  in  accordance  with  applicable  securi,es  laws.  

Argex   considers   certain   financial  measures   in   evalua,ng   its   opera,ng   results   and   for   financial   and   opera,onal   decision-­‐making   purposes.  Financial  measures  not  standardized  under  IFRS  used  by  the  Corpora,on,  in  this  regard,  such  as  EBITDA  referenced  herein,  are  not  calculated  in   accordance   with   or   recognized   by   IFRS.   EBITDA   should   not   be   considered   as   an   alterna,ve   to   net   income   in  measuring   Argex’s   future  performance,   nor   should   it   be   used   as   a  measure   of   future   cash   flow.   EBITDA   is   calculated   as   net   earnings   before   interest,   income   taxes,  deprecia,on  and  amor,za,on  (“reconciling   items”).  The  Company   is  currently  unable  to  provide  a  reconcilia,on  of  EBITDA  to  projected  net  income  or  loss  as  the  amounts  of  the  reconciling  items,  and  in  par,cular  interest  costs,  are  currently  ines,mable.  The  Corpora,on’s  method  of  calcula,ng   non-­‐IFRS   financial   measures   may   differ   from   the   methods   used   by   other   companies   and,   as   a   result,   the   non-­‐IFRS   financial  measures  presented  above  may  not  be  comparable  to  other  similarly  ,tled  measures  disclosed  by  other  companies.  

 

 

 

Forward-­‐Looking  Statements  

2  

TSX:RGX

§  Next  genera+on  producer  of  pigment  grade  +tanium  dioxide  (TiO2)    

§  Patented  solvent  extrac+on  approach  supported  by  3  years  of  pilot  plant  opera+on  

§  Significantly  lower  cost  and  environmental  footprint  versus  tradi+onal  methods  

§  Massive  scalability;  mul+-­‐plant  development  strategy  

§  TSX:RGX  –  recent  market  cap  $78M  

Argex  –  A  Specialty  Chemicals  Company  

3  

TSX:RGX

Significant  producGon  off-­‐take  and  distribuGon  agreements  in  place  

§  PPG  Industries  –  the  largest  paint  company  in  the  world  ($15B  rev)  

§  Long  term  OSake  Agreement  §  Technology  licensing  and  sharing  agreement  §  Co-­‐development  rela+onship  

§  Helm  AG  –  the  third  largest  chemical  distributor  in  the  world  ($10B  Euro)  §  Distribu+on  and  Marke+ng  agreement  for  50%  of  our  output  §  Excep+onally  efficient  sales  structure  

§  PVS  Chemicals  –  the  second  largest  iron  chloride  distributor  in  NA  §  LOI  for  distribu+on  of  100%  of  our  iron  by-­‐product  

 

Argex’s  Tier  1  Industry  Partners  

4  

TSX:RGX

Global  TiO2  Producers  

38%  

17%  10%  

Other  8%  

8%  

8%  6%   5%   China  

§  Large  global  market:    ~$17  billion  

§  Oligopoly  of  supply  –  plurality  of  demand  –  supplier  power  is  high  

§  Dated  incumbent  technology  

§  TiO2  sells  for  ~US$3,400/MT1  

§  5.7  million  MT  sold  per  year2  

§  TiO2  demand  tracks  with  global  economic  growth  

TiO2  Industry  Snapshot  

$500  

$1,000  

$1,500  

$2,000  

$2,500  

$3,000  

$3,500  

$4,000  

$4,500  

$5,000  

1)  ICIS,  April.  2014  2)  Industrial  Minerals  Nov.  2014   5  

TiO2  Global  Price  History/metric  tonne  (MT)    

TSX:RGX Target  OperaGng  Model  –  1st  Plant  

6  

§  Current  capital  expenditure  plan  of  approximately  US$265.1  million  +  US$23.7  million  con+ngency.  

(1) Assumes full production, today’s estimated TiO2, by-product, feedstock, chemicals and other input pricing, among others (2) Net of by-products credits

Plant  #1  Target  OperaGng  Model   (1)

Total  Market  Size 5,700,000     tonnes Plant  Capacity 50,000                 tonnes

Low High

Revenues 145,000 155,000 2,900 3,100 Gross  Profit   (2) 80,000 96,000 1,600 1,920 Gross  Margin 55% 62%

EBITDA 65,000 81,000 1,300 1,620 EBITDA  Margin 45% 52%

Per  Tonne (US$000s) Low High

TSX:RGX

§  40  km  southwest  of  Montreal;  §  Near  a  major  port  on  the  St.  Lawrence  Seaway  §  1  million  square  feet  parcel  of  land  secured  

from  City  of  Valleyfield  §  Close  to  a  local  CSX  rail  terminal  as  well  as  to  

the  Port  of  Valleyfield.  §  Close  to  a  major  chemical  feedstock  provider  

§  Commercial  produc+on  is  expected  to  begin  26  months  from  NTP  (No+ce  To  Proceed)  

§  EPC  contract  signed  with  Técnicas  Reunidas  §  Leading  global  engineering  &  construc+on  

company  with  €3.1B  revenues  

First  ProducGon  Site  in  Valleyfield,  QC  

7  

TSX:RGX Project  Strategy  –  Risk  ReducGon  

8  

FEL-3 Construction Commissioning

§  FEED/FEL-­‐3  work  is  the  first  phase  of  project  –  an  integral  part  of  the  recently  signed  EPC  contract  

§  Mi+gates  risk  and  improves  project  ROI  §  Defini+ve  planning  and  cos+ng  that  reduce  risk  of  delays  and  cost  overruns  §  Greater  certainty  over  CAPEX  spend  (  <  10%  +/-­‐    cost  es+mate)  

§  Comple+on  leads  to  Guaranteed  Target  Contract  Price,  to  be  reflected  in  the  EPC  final  terms  §  50/50  shared  cost  savings/overrun  approach  

Guaranteed Construction terms settled with EPC contractor

Guaranteed equipment performance with major equipment providers

Poten+al  Staged  Financing  Approach  –  Detailed  Engineering  and  Construc+on  

TSX:RGX Milestones  

9  

2015   2016   2017  

§  Iron-­‐Chloride  oSake  agreement    §  Financing  §  Addi+onal  process  op+miza+on  §  Raw  material  supply  contracts  §  Site  &  Long  Lead  Items  (LLI)  §  Further  IP  filed  §  FEL3  Process  

§  Guaranteed  Target  Contract  Price,  (FEL3)  §  NoGce  to  Proceed  to  construcGon  (NTP)  §  Financing    §  Strategic  project  equity  finance  (Plant  1)  §  Remaining  supply  agreements  §  Supply  and  deliveries  final  logis+cs  §  Ground  break  §  Construc+on  &  commissioning  §  Commercial  produc+on  

§  Final  product  specifica+ons    §  Plant  2  equity  proposals  §  Large  batch  tes+ng  and  deliveries  §  Commercial  Produc+on  (CP)  

FEL3/NTP  LLI   CP  

TSX:RGX Key  Highlights  

10  

§  Patented  Gtanium  dioxide  (TiO2)  producGon  technology  §  Disrup+ve  low-­‐cost  process  with  key  environmental  benefits    §  Opera+onal  pilot  plant  near  loca+on  of  future  50,000  tpa  produc+on  plant  

§  Strong  industry  relaGonships  §  Significant  oSake  and  distribu+on  agreements  (PPG,  Helm,  PVS)  §  NDA’s  in  place  with  major  end-­‐users  and  distributors  

§  Large,  mature  target  market  §  TiO2  TAM  is  ~$17  billion  worldwide  §  Cash  cow/low  innova+on  industry  ripe  for  disrup+on  –  last  major  technological  innova+on  in  1946  

§  Compelling  project  economics  with  significant  upside  due  to  scalability  §  Large  opera+ng  margins  §  Mul+-­‐plant  deployment  strategy  in  a  large  market  

§  FEL-­‐3  compleGon  de-­‐risks  project  and  creates  value  §  Achieves  Guaranteed  Target  Price  Contract  with  EPC  partner  §  Key  development  threshold  for  strategic  investors/acquirers  

APPENDIX    

TSX:RGX RGX  in  the  Capital  Markets  

-­‐-­‐

500

1,000

1,500

2,000

2,500

3,000

$0.35

$0.60

$0.85

$1.10

$1.35

Feb-­‐13 May-­‐13 Aug-­‐13 Nov-­‐13 Feb-­‐14 May-­‐14 Aug-­‐14 Nov-­‐14 Feb-­‐15

VOLU

ME  (IN

 000'S)

PRICE  ($)

A   B  C  D  

F  G  

E  

H   I  J  K  

I  

KEY  MILESTONES  

A.  27-­‐JUN-­‐13        Signs  purchase  agreement  with  PPG  

B.  16-­‐SEPT-­‐13    Completes  $10M  private  placement            of  common  shares  

C.  19-­‐SEPT-­‐13    Commences  trading  on  the  TSX  

D.  09-­‐OCT-­‐13      Completes  feasibility-­‐stage  study  

E.  29-­‐OCT-­‐13      Announces  migra+on  of  Pilot  Plant            and  R&D  Centre  to  Valleyfield,  QC  

F.  30-­‐JUN-­‐14      Issues  conver+ble  debentures  

G.  26-­‐AUG-­‐2014    Signs  marke+ng  and  supply              agreement  with  Helm  US  Corp  

H.  29-­‐SEPT-­‐14    Announces  expiry  or  exercise  of  all            outstanding  warrants  

I.  17-­‐FEB-­‐15      Announces  completed  technical  due  diligence  reports  

J.  03-­‐MAR-­‐15    Awards  EPC  contract  to  Técnicas            Reunidas  

12  

Metric   Value  5 2  Week  High   $0.94    

52  Week  Low   $0.36  %   of  52  Week  High   60%  

C ash  on  Hand  &  Marketable  Securi+es  as  at  Sep.  30,  2014   $9.4M  

Conver+ble  Debentures  as  at  Sep.  30,  2014   $7.5M  Coupon  Rate   8%  Maturity  Date   30-­‐JUN-­‐19  

TSX:RGX RGX  in  the  Capital  Markets  (conGnued)  

13  

Share  ownership Number  of   Shares Ownership  in  %

Top  InsGtuGonal  Holders Luxor  Capital 22,710,783 15.9% Inves+ssement  Québec 4,878,049 3.4% Alken  Asset  Management 605,896 0.4% Marquest  Asset  Management 256,987 0.2% Marmite  Capital 230,000 0.2% Total 28,681,715 20.0%

Insiders Haddad  Mazen 2,400,000 1.7% Bonnell  Roy 1,069,280 0.7% Florian  Rais 1,700,000 1.2% Total 5,169,280 3.7%

FD  Shares  Outstanding 143,203,269

Float 115,239,206 80.5%

TSX:RGX Management  

 

Roy  Bonnell  –  Director,  CEO  §  CFO,  Vice  President  Corporate  Development  and  Corporate  Secretary  from  2007-­‐11  

§  Managing  Director,  Atwater  Financial  from  2003-­‐10  

§  M.Sc  Accoun+ng  &  Finance  (LSE),  MBA  (McGill),  L.L.B  (Western),  BA  (Queen’s)  

 Glen  Kayll  –  Director,  CFO  §  Former  CFO  &  VP  of  Interna+onal  Opera+ons  at  Coastal  Contacts  (Nasdaq:COA)  

§  Former  Treasurer  and  Head  of  Investor  Rela+ons  at  PMC-­‐Sierra  (Nasdaq:PMCS)  

§  B.Com  (Carleton),  MBA  (Simon  Fraser)  

Richard  Poulin  –  ExecuGve  VP  •  25  year  of  pan-­‐Canadian  and  interna+onal  experience  overseeing  major  engineering  and  construc+on  projects  

•  B.  Eng  (Laval),  P.Eng  

Enrico  Di  Cesare  –  COO,  VP  technology  §  Metallurgy  and  opera+ons  experience  with  Severstal,  Danielli,  Sammi,  Atlas  Steel,  Hoogovens/Corus,  Hatch  

§  B.  Eng  (McGill)  

 

 14  

TSX:RGX

Typical  TiO2  End  Uses  

Paint    &  

CoaGngs    62%  

PlasGcs    26%  

Paper    7%  

Other  5%  

Source:  TI  Insight  2014  

§  TiO2  is  the  most  widely  used  white  pigment    

§  Non-­‐toxic  and  environmentally  friendly  

§  Numerous  advantageous  proper+es  §  Opacity  §  Brightness  §  Gloss  §  Tone  (white)  and  under-­‐tone  (color)  §  Weather  resistant  and  durable  §  Abrasiveness  

About  TiO2  

15  

TSX:RGX

§ Average  German  uses  9lbs  of  TiO2  per  year  

§ Average  North  American  uses  7lbs  of  TiO2  per  year  

§ BRIC  currently  uses  on  average  2lbs  of  TiO2  per  year,  per  person  

TiO2  Demand  Tied  To  GDP  

Source:    Ti  Insight,  2014    16  

TSX:RGX Current  Methods  of  TiO2  ProducGon  

17  

Ilmenite Concentrate (Low Cost)

Argex Process

Sulphate Process

Smelting to Synthetic Rutile

Chloride Process

Natural Rutile

High Resource Scarcity

Prod

uctio

n co

st

Resource Scarcity-Quality

TSX:RGX

Ilmenite  Ore  

Crushing  &  Milling  

Leaching  Atmospheric  pressure  

FiltraGon  

Inert  solid  tails  

Solvent  extracGon  (  iron  circuit)  

Solvent  extracGon    (Gtanium  circuit)  

TiO2  precipitaGon  

TiO2  recovery  (filtraGon)  

     

Surface  treatment  

Finish  product  TiO2  pigment  

Regenerated  HCl  

Co-­‐product    Iron  oxide  

Co-­‐product    Magnesium  oxide  

Regenerated  HCl  

Acid  regeneraGon  

Acid  regeneraGon  

Lixiviant  Mixed  acids  

HCl  recycling  system  

ARGEX  ExtracGon  Process  

ARGEX  Process  

Finish  product  TiO2  pigment  

Co-­‐product    Iron  oxide  

Co-­‐product    Magnesium  oxide  

§  Solvent  extrac+on  is  proven  for  uranium,  copper,  nickel,  rare  earths,  etc.    

§  State-­‐of-­‐the-­‐art  and  off-­‐the-­‐shelf  equipment  

§  Filtering,  rotary  kilns,  coa+ng  and  finishing  are  proven  TiO2  technologies  

§  Low  temperatures  and  atmospheric  pressures  

§  Effec+vely  extracts  TiO2  from  inexpensive  ores  containing  different  contaminants  (Mg,  V,  Cr,  etc.)  

§  Marketable  by-­‐products,  minimal  inert  residual  

§  Environmentally  friendly  process,  closed-­‐loop  

18  

TSX:RGX Argex  Process  vs.  Other  Methods  

Sulphate Chloride Argex

Raw material cost ($/ton  of  TiO2  feed)  

Low Ilmenite

High Rutile

Low Ilmenite

TiO2 final product Low purity High purity High purity

Capital expenditure Medium High Medium

Operational costs Medium High Low

Environmental High Medium Low

Flexibility in processing raw material

Limited (Cr, V)

Limited (Mn, Mg, size) High flexibility

Process Condition High temp.

High pressure (140-180 0C)

Very High temp. High pressure (800-1,400 0C)

Low temp. Atm. pressure

(70 0C)

TiO2 Pigment production Rutile/Anatase Rutile Rutile/Anatase

19  

TSX:RGX

TiO2  Pigment  ProperGes    Difference  Between  Processes  

20  

Sulfate   Chloride   Argex  

Brightness   Less  bright   More  bright   More  bright  

Undertone   More  yellow   Less  yellow   Neutral  

Dispersibility   More   Less   More  

Abrasiveness   Less   More   Less  

TSX:RGX

Market  AcGon  

§  Develop  collabora+ve  partnerships  in  the  following  sectors:  §  Architectural  paint  and  coa+ngs  §  Cosme+cs,  food  and  pharmaceu+cals  §  Plas+cs  

§  Current  partners  §  Major  Global  manufacturers  of  end-­‐

products  that  incorporate  TiO2  

§  Mul+na+onal  distributors  §  Academic  

§  NDAs  have  been  signed  with  several  end-­‐users  and  distributors,  advancing  discussions  and  nego+a+ons  

 

Our  Go-­‐to-­‐Market  Strategy  Risk  MiGgaGon  

§  Extensive  third  party  engineering  plan  completed  

§  Opera+ng  model  established  by  a  “Big  4”  accoun+ng  firm  

§  Modest  size  rela+ve  to  other  solvent  extrac+on  plants  

21  

TSX:RGX

   

 

 

 

   

 

 

NYSE:  PPG  

Global  supplier  of  paints,  coa+ngs,  op+cal  products,  specialty  materials,  glass  and  fiber  glass  

Founded:  1883  

Total  Net  Sales  2013:  $15.1  Billion  Ranked  182  on  Fortune  500  

Employees:  ~42,600    

Manufacturing  Facili+es:  156    

§  June  2013:  Signed  major  purchase  and  technology  sharing  agreements  with  PPG    Industries,  the  world’s  largest  paint  company  

§  PPG  and  Argex  are  currently  collabora+ng  on  a  +tanium  dioxide  product  that  can  meet  conven+onal  standards  for  interior  and  exterior  paint  applica+ons  

§  Collabora+on  allows  PPG  to  leverage  its  exper+se  to  secure  a  supply  of  a  cri+cal  raw  material  for  its  products  while  helping  to  mi+gate  pricing  or  supply  vola+lity  

§  Partnership  and  supply  agreement  further  validate  Argex’s  process  and  the  suitability  of  its  TiO2  pigment  for  commercial  use    

§  Technology  sharing  agreement  allows  Argex  to  use  PPG  Finishing  technologies.  

Major  Customer  Partnership:  PPG  

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HELM  AG  Founded:  1900  in  Hamburg,  Germany  Global  revenues  2013:  US$12.7  billion  (EUR  9.666  billion)  Employees:  1,431  

Branches  and  company  par+cipa+ons:  90  firms  and  company  par+cipa+ons  in  more  than  30  countries    

§  August  2014:  Signed  an  exclusive  long-­‐term  marke+ng  and  supply  agreement  with  Helm  U.S.  Corp.,  a  wholly-­‐owned  subsidiary  of  German-­‐based  HELM  AG,  the  third  largest  chemical  distribu+on  company  in  the  world    

§  HELM  U.S.  will  exclusively  market  and  distribute  to  U.S.  and  Canada  50%  (or  up  to  25,000  metric  tons  per  year),  of  TiO2  produced  at  Argex's  Salaberry-­‐de-­‐Valleyfied  plant  

Major  DistribuGon  Agreement:  HELM  

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"We  are  extremely  pleased  to  be  able  to  secure  an  addi,onal  supply  of  high  quality  ,tanium  dioxide  for  our  customers  and  add  another  milestone  to  the  development  of  our  distribu,on  network  in  North  America.    “This  is  a  very  exci,ng  opportunity  and  we  recognize  the  poten,al  effect  Argex's  next  genera,on  process  will  have  on  the  ,tanium  dioxide  industry.“          -­‐  Philipp  Mangold,  president  of  HELM  U.S.  Corp.    

TSX:RGX

   

 

 

 

   

 

Major  interna+onal  supplier  of  specialty  chemicals    

Founded:  1945  Headquarters:  Detroit,  MI  

Opera+ons:  

 Europe  –  PVS  Chemicals  Belgium  

 Canada  –  Fanchem  Ltd.    Asia  –  Siam  PVS  Chemicals  

 

§  March  2015:  Signed  LOI  for  distribu+on  of  100%  of  iron  by-­‐product,  with  nego+a+on  of  a  defini+ve  off-­‐take  and  distribu+on  agreement  to  be  completed  over  the  next  several  months  

§  PVS  is  a  global  manufacturer,  distributor  and  marketer  of  chemicals  and  transporta+on  services  

§  PVS  core  products  and  business  lines  include:  §  Sulfuric   and   hydrochloric   acids,   liquid   caus+c   soda,   ferric   chloride,   and  

ammonium  thiosulfate   (  water   treatment,  electronics  manufacture,  gold  and  copper  mining,  and  food  and  aluminum  produc+on)  

§  PVS  Chemicals'  subsidiaries   include  PVS  Technologies   (water  treatment),  Dynecol  (transporta+on,  analysis,  treatment,  and  recycling  of  chemicals),  &  PVS  Nolwood  (chemical  distribu+on).    

Major  Customer  Partnership:  PVS  

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Global  engineering,  procurement  and  construc+on  company    

Founded:  1959  Headquarters:  Madrid,  Spain  

Rev:  €3.1B  

Employees:  5,910  

Bolsa  Madrid:  TRE        

§  March  2015:  Signed  EPC  agreement  for  Argex’s  first  industrial  scale  50,000  tonne  plant  in  Valleyfield,  Qc  

§  EPC  contract  will  be  performed  in  two  phases;  the  first  being  front  end  engineering  design  (FEL3)  and  the  second  being  detailed  design  and  construc+on  

§  Upon  comple+on  of  the  FEL3,  a  guaranteed  target  contract  price  will  be  agreed  and  will  be  based  on  a  50/50  cost  savings/overrun  approach  

§  TRSA  is  a  general  contractor  which  provides  EPC  for  industrial  and  power  genera+on  plants    

§  The  company  has  designed  and  built  over  1,000  industrial  plants  worldwide  with  interna+onal  projects  accoun+ng  for  70%  of  annual  revenue  

§  Key  areas  of  ac+vity  include  petrochemicals,  cogenera+on,  metallurgy,  mining  and  iron  and  steel  plants.  

 

Major  Partnership:  Téchnicas  Reunidas,  S.A.  

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TSX:RGX Board  of  Directors  

 

Robert  Guilbault  -­‐  Chairman  of  the  Board  of  Directors  §  Former  President  &  CEO  of  Aluminerie  Alloueye  §  General  Manager  of  BHP  Billiton’s  Hillside  Aluminum  project  at  Richards  Bay,  South  Africa  §  20  years  of  mining  produc+on  experience    Roy  Bonnell  –  Director,  President  and  Chief  ExecuGve  Officer  of  the  CorporaGon    Glen  Kayll  –  Director  and  Chief  Financial  Officer  of  the  CorporaGon    Normand  Bergeron  –  Director  §  Execu+ve  Counsellor  at  Samson  Bélair/Deloiye  &  Touche  since  October  2011  §  CEO  of  Infrastructure  Québec  since  incep+on  March  2010  §  Deputy  Minister,  Québec  Department  of  Natural  Resources  and  Wildlife,  May  2005-­‐July  2009  §  Member  of  Hydro-­‐Québec’s  board  of  directors  (2005-­‐2009)  

Mazen  Haddad  –  Director  §  Former  President  of  Township  Capital  §  Partner  Palos  Capital  Pool  Fund  §  Chairman  of  SGI  Proper+es  L.P.  §  B.A.  (Emory  University)    Florian  Rais  –  Director  §  Founder  of  Far  Investments,  a  private  equity  and  corporate  finance  firm  §  Partner  at  Tangent  Venture,  a  private  equity  investment  firm  in  London,  UK  §  Director  of  Blue  Wall  Shipping  Ltd.,  and  China  Motors  Ltd.  §  BA  &  MBA  (University  of  Lausanne  Business  School)  

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Roy  Bonnell,  President  &  CEO  roy@argex.ca    Tel:  +1  514-­‐788-­‐8923    Glen  Kayll,  CFO  glen.kayll@argex.ca    Tel:  +1  514-­‐843-­‐0141      

 

 

 

Contact  Us  

CORPORATE  HEADQUARTERS  630  Sherbrooke  Street  West,  Suite  410  Montreal,  Quebec  H3A  1E4,  Canada    www.argex.ca  

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