CALGARY, ALBERTA--(Marketwired - May 8, 2014) -
NOT FOR DISTRIBUTION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.
Alaris Royalty Corp. ("Alaris" or the "Corporation") (TSX:AD) is pleased to announce the results of voting on the election of directors at its annual general and special meeting of shareholders held on May 8, 2014 (the "Meeting"). Each of the nominee directors recommended by management and listed in the Corporation's information circular and proxy statement dated April 3, 2014 was elected as a director for a term ending at the next annual meeting of shareholders. The results of the voting for each individual director are set forth below:
|Jack C. Lee||16,516,172 (96.16||%)||659,349 (3.84||%)|
|E. Mitchell Shier||16,871,281 (98.23||%)||304,240 (1.77||%)|
|Mary C. Ritchie||16,786,007 (97.73||%)||389,514 (2.27||%)|
|John P.A. Budreski||14,143,903 (82.35||%)||3,031,618 (17.65||%)|
|Stephen King||16,718,786 (97.34||%)||456,735 (2.66||%)|
|Gary Patterson||16,780,370 (97.70||%)||395,151 (2.30||%)|
Final voting results on all matters voting on at the meeting will be filed on SEDAR (www.sedar.com) under Alaris' profile later today.
About the Corporation:
Alaris provides alternative financing to the Private Company Partners ("Partners") in exchange for royalties or distributions with the principal objective of generating stable and predictable cash flows for dividend payments to its shareholders. Royalties or distributions from the Private Company Partners are structured as a percentage of a "top line" financial performance measure such as gross margin and same-store sales and rank in priority to the owners' common equity position.