TORONTO, Feb. 26 /CNW/ - Consolidated Mercantile Incorporated: ("CMI") (TSX: "CMC"; OTC: "CSLMF.PK") and Genterra Inc. ("Genterra") (TSX-V: "GIC") announced today that their respective shareholders have adopted the Special Resolution covering the previously announced proposed amalgamation of the two companies. Completion of the amalgamation remains conditional as the Boards of both companies consider all elements of the transaction.
CMI is a management holding company which effects its investment strategy through investment in, management of and merchant banking to its core strategic industries.
Genterra Inc. is a management holding company whose assets include rental real estate properties and investments.
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SOURCE CONSOLIDATED MERCANTILE INCORPORATED
For further information: For further information: Consolidated Mercantile Incorporated, 106 Avenue Road, Toronto, ON, M5R 2H3, Attention: Stan Abramowitz, Secretary, (416) 920-0500 Ext. 227; Genterra Inc., 106 Avenue Road, Toronto, ON, M5R 2H3, Attention: Stan Abramowitz, Secretary, (416) 920-0500 Ext. 227