CALGARY, March 31, 2014 /CNW/ - Mainstreet Equity Corp. ("Mainstreet" or the "Corporation") (TSX:MEQ) is pleased to announce the results of the annual and special general meeting of shareholders held on March 28, 2014. The meeting had a very strong shareholder turnout with holders of slightly over 80% of the issued and outstanding common shares represented in person or by proxy.
Navjeet (Bob) N. Dhillon, Joseph B. Amantea, Richard Grimaldi, Karanveer V. Dhillon, John Irwin and Ron Anderson were re-elected to the board of directors of the Corporation for the upcoming year. In addition to the approval of annual resolutions, including the appointment of auditors, a resolution was passed to ratify the Corporation's advance notice by-law which was adopted by the board of directors on February 21, 2014 and previously announced by press release dated February 21, 2014.
Mainstreet is a Calgary-based, growth-oriented real estate corporation focused on the acquisition, redevelopment, repositioning, and asset and property management of mid-market apartment buildings. The Corporation currently owns and operates residential rental units, including apartments and townhouses, in the B.C. Lower Mainland, Calgary, Edmonton and Saskatoon.
Mainstreet's common shares are listed on the Toronto Stock Exchange under the symbol "MEQ". There are currently 10,465,281 common shares outstanding.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this Press Release may constitute forward-looking statements under applicable securities legislation. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Readers should not place undue reliance on such forward-looking statements contained herein.
SOURCE Mainstreet Equity Corporation