Genesis Land Development Corp. Reports Voting Results of Election of Directors

CALGARY, May 12, 2016 /CNW/ - Genesis Land Development Corp. (TSX:GDC) (the "Corporation") is pleased to report that at its annual and special meeting of shareholders held on May 12, 2016 that each of the nominees proposed by management as a director of the Corporation were elected as directors of the Corporation.

The detailed results of the vote by ballot are as follows:

Nominee

Votes For

Votes Withheld


Number

Percentage

Number

Percentage

Michael Brodsky

25,560,795

(98.87%)

292,534

(1.13%)

Yazdi J. Bharucha

25,585,280

(98.96%)

268,049

(1.04%)

Steven J. Glover

25,583,305

(98.96%)

270,024

(1.04%)

Stephen Griggs

25,326,304

(97.96%)

527,025

(2.04%)

Mark W. Mitchell

25,598,305

(99.01%)

255,024

(0.99%)

Loudon Owen

25,562,805

(98.88%)

290,524

(1.12%)

Iain Stewart

25,595,929

(99.00%)

257,400

(1.00%)

 

Shareholders also approved a resolution ratifying and confirming the adoption of By-Law No. 1 which replaces the Corporation's previous By-Law No. 1 adopted in 1997, the full text of which was filed on SEDAR (www.sedar.com) on February 29, 2016.

SOURCE Genesis Land Development Corp.

Image with caption: "Genesis Land Development Corp. (CNW Group/Genesis Land Development Corp.)". Image available at: http://photos.newswire.ca/images/download/20160512_C2456_PHOTO_EN_689656.jpg

For further information: Stephen Griggs, Interim Chief Executive Officer and Chair, Kirsten Richter, Interim Chief Financial Officer, 7315 - 8 Street NE Calgary AB T2E 8A2, P: 403-265-8079, TF: 800-341-7211, Email genesis@genesisland.com, Website: www.genesisland.com

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