TORONTO, Jan. 9, 2014 /CNW/ - Everfront Ventures Corp. ("Everfront" or the "Company") (TSXV: EVC.P) is pleased to announce that each of the matters set out in the Company's management information circular dated December 15, 2013 (the "Circular") for the annual and special meeting of shareholders held January 8, 2014 (the "Meeting") were approved by the requisite majority of shareholders. In particular, two special resolutions were approved in furtherance of the intended business combination with Global Gardens Group Inc. previously announced on December 4, 2013. The first authorizes the Board of Directors (the "Board") to change the name of the Company in conjunction with the business combination, while the second authorizes the Board to consolidate the common shares of the Company, subject to the approval of the applicable regulatory authorities. Both resolutions were approved by 100% of the 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
Final results on all matters voted at the Meeting will be filed shortly with the Canadian securities regulators.
Everfront Ventures Corp. is a capital pool company listed on the TSXV. Everfront was established pursuant to TSXV Policy 2.4 - Capital Pool Companies which permits an initial public offering and a TSXV listing by a newly created company that has no assets, other than cash, and has not commenced commercial operations. The principal business of Everfront has been the identification and evaluation of assets with a view to completing a qualifying transaction.
SOURCE: Everfront Ventures Corp.
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