Canadian Banc Recovery Corp. Announces Results of Special Shareholder Meeting
November 03 2011 - 5:16PM
Marketwired
A special meeting of the shareholders of Canadian Banc Recovery
Corp. (the "Company") was held earlier today.
The primary purpose of the meeting, as more fully described in
the Company's October 12, 2011 press release and the Management
Information Circular dated September 27, 2011, was to consider and,
if thought advisable, to approve a special resolution to amend the
articles of the Company to extend the termination date to December
1, 2018 and to provide holders of the Preferred Shares and the
Class A Shares with the Special Retraction Right.
Class A Shareholders voted 98.3% in favour of the resolution and
Preferred Shareholders voted 86.9% in favour of the resolution, and
therefore the resolution to extend the termination date to December
1, 2018 and to provide holders with the Special Retraction Right
and all other resolution items was approved at the meeting held
earlier today.
Contacts: Canadian Banc Recovery Corp. Investor Relations
416-304-4443 Toll free at 1-877-4-Quadra
(1-877-478-2372)www.primerateplus.com
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