VANCOUVER, Nov. 22, 2016 /CNW/ - Grande West Transportation Group Inc. (TSXV: BUS; OTC PINK: GWTNF) – ("Grande West" or the "Company"), a Canadian bus manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United-States, is pleased to announce the results of the Annual General and Special Meeting as held on Thursday, November 17, 2016.
|
Name of nominee |
Votes for | |
|
Yves Devin |
13,359,235 |
99.81% |
|
Joseph Miller |
13,359,035 |
99.81% |
|
William R. Trainer |
13,359,235 |
99.81% |
|
John LaGourgue |
13,359,035 |
99.81% |
|
Andrew Imanse |
13,359,235 |
99.81% |
The number of Directors was established at 5.
The shareholders of the Company also overwhelmingly passed the following resolutions at the meeting:
|
a) |
Appointment of Manning Elliott LLP, Chartered Accountants, as auditors of the Corporation for the ensuing year; and |
|
b) |
Corporation amended and restated 10% rolling stock options plan. |
Grande West wishes to thank shareholders for their continued support and for the participation of all those shareholders who attended either in person or via our conference line as part of the question and answer period held after the voting was concluded.
The Company announces that it has granted stock options to employees, for the purchase of up to 250,000 common shares, exercisable for a period of five years at a price of 1.44 per share.
About Grande West Transportation Group
Grande West Transportation Group is a Canadian bus manufacturer which designs, engineers and manufactures mid-size buses for transit authorities and commercial enterprises. Grande West's Vicinity bus is available in 30 and 35 foot models designed with affordability, accessibility and global responsibility in mind. It costs significantly less than a regular 40 foot transit bus, burns less fuel and emits less harmful emissions.
The Company has been successful in supplying Canadian municipal transportation agencies and private operators with new buses and is receiving follow-on orders in many Canadian transit agencies. Grande West together with ABG its exclusive US distributor, is actively pursuing opportunities to sell Vicinity into private fleet operations in the US such as airport transport, universities, etc. The Company is also working towards 'Buy America' certification in order to supply US-based federal and state transit authorities.
For further information please contact:
Grande West Transportation
John LaGourgue
Ph: 1-604-607-4000
jlagourgue@grandewest.com
www.grandewest.com
Paradox Public Relations
Karl Mansour
Ph: 1-866-460-0408
karlmansour@paradox-pr.ca
www.paradox-pr.ca
Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Grande West Transportation Group Inc.
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