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
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
For further information:
Mainstreet Equity Corp. 305 - 10 Ave. SE, Calgary, AB T2G 0W2 CANADA Main 403.215.6060 Fax 403.266.8867 www.mainst.biz TSX: MEQ