BENEV Capital Inc.
TSX VENTURE : BEV.H

BENEV Capital Inc.

June 30, 2014 21:02 ET

BENEV Capital Inc. Reports Voting Results for Election of Directors and Amendments to Stock Option Plan

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 30, 2014) - BENEV Capital Inc. (TSX VENTURE:BEV.H) ("BENEV") announced today that at the annual general and special meeting (the "Meeting") of shareholders of BENEV (the "Shareholders") that was held today, all seven (7) nominees for the board of directors were elected, the voting results of which are as follows:

Director Number of Shares Percentage of Votes Cast (rounded)
James Farrar Votes For: 27,694,670 99.56%
Votes Withheld: 121,722 0.44%
Mitchell Gropper Votes For: 26,414,489 94.96%
Votes Withheld: 1,401,903 5.04%
Lawrence Haber Votes For: 26,349,089 94.73%
Votes Withheld: 1,467,303 5.27%
Livia Mahler Votes For: 27,708,170 99.61%
Votes Withheld: 108,222 0.39%
John Albright Votes For: 27,084,170 97.37%
Votes Withheld: 732,222 2.63%
Arthur Mesher Votes For: 27,082,214 97.36%
Votes Withheld: 734,178 2.64%
Paul Sparkes Votes For: 27,082,214 97.36%
Votes Withheld: 734,178 2.64%

Full details of the foregoing are contained in the Report of Voting Results for the Meeting to be filed on SEDAR at ww.sedar.com.

BENEV is also pleased to announce that at the Meeting, Shareholders also approved the proposed amendments to BENEV's stock option plan (the "Plan"), which also received conditional approval by the NEX Board of the TSX Venture Exchange (the "NEX Board"), subject to Shareholder approval. While the common shares of BENEV are listed on the NEX Board, the maximum number of common shares which may be reserved for issuance or issued in any one-year period shall not exceed 10% of the common shares issued and outstanding of BENEV. Currently, 3,877,890 of common shares of BENEV are reserved for issuance under the Plan.

Forward Looking Statements

Certain statements contained in this press release may constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", "confident", "plan" and "intends" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements may relate to the BENEV board of directors or management's future outlook and anticipated events or results, and may include statements or information regarding the future business strategy and strategic goals, plans and objectives of, or involving, BENEV.

Forward-looking statements are based on certain factors and assumptions regarding, among other things, market acceptance of BENEV's corporate strategy and corporate endeavours and the success of BENEV's announced corporate strategy and future transactions, including the completion or success of proposed royalty acquisitions, the ability to pay substantial dividends and an amendment to BENEV's shareholder rights plan. There can be no assurance that that these assumptions will prove to be correct. Given these uncertainties, readers are cautioned that forward-looking statements included in this press release are not guarantees of future performance, and such forward-looking statements should not be unduly relied upon. These statements speak only as of the date of this press release. BENEV undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

All of the forward-looking statements made in this Press Release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, BENEV.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • BENEV Capital Inc.
    Sean Morrison
    President
    604-235-3146