TORONTO, Jan. 7, 2014 /CNW/ - Edgefront Realty Corp. ("Edgefront" or the "Company") (TSXV: ED) is pleased to announce that each of the matters set out in the Company's management information circular dated December 5, 2013 (the "Circular") for the annual and special meeting of shareholders held on January 6, 2014 (the "Meeting") were approved by the requisite majority of shareholders. In particular, the resolution regarding the approval of Edgefront's previously announced plan of arrangement providing for the conversion of the Company into Edgefront Real Estate Investment Trust, as well as the resolution approving the acquisition of 10 industrial properties located in Alberta, Saskatchewan, British Columbia and the Northwest Territories, were approved by 100% of votes cast.
Further, each of the director nominees listed in the Circular were elected as directors of the Company. Voting results for the individual directors are as follows:
|Name of Nominee||Votes For||Percentage of Total Votes|
|Kelly C. Hanczyk||36,337,900||100%|
|Robert E. Dickson||36,337,900||100%|
Final results on all matters voted at the Meeting will be filed shortly with the Canadian securities regulators.
Edgefront is a growth oriented real estate company focused on increasing shareholder value through the acquisition, ownership and management of industrial properties located in primary and secondary markets in North America, with an initial focus on Western Canada. It is the intention of Edgefront to expand its business of purchasing, owning and operating real estate assets and to convert into a real estate investment trust having an external asset management structure, subject to receipt of all necessary approvals, including that of the TSX Venture Exchange.
SOURCE: Edgefront Realty Corp.
For further information:
please contact Kelly C. Hanczyk at (416) 906-2379.