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Annual and special general meeting of common shareholders of Mainstreet Equity Corp.
Annual and special general meeting of common shareholders of Mainstreet Equity Corp. ...
About this update from Mainstreet Equity Corp.
[{"type":"text","content":"\n\n\n\nAnnual and special general meeting of common shareholders of Mainstreet Equity Corp.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nAnnual and special general meeting of common shareholders of Mainstreet Equity Corp.\nCanada NewsWire\nCALGARY, Feb. 16, 2016\n\n\n\nCALGARY, Feb. 16, 2016 /CNW/ - Mainstreet Equity Corp. (\"Mainstreet\" or the \"Corporation\"), today announced that an annual and special general meeting of holders of common shares of the Corporation is proposed to be held on Friday, March 18, 2016.  It is anticipated that a notice of meeting together with a management information circular and an instrument of proxy will be mailed to shareholders of the Corporation in the near future.\n\nIn addition to the usual matters to be considered at an annual general meeting of shareholders, the Corporation proposes to: (i) consider, and if deemed appropriate, to approve and adopt, without or without modification, an ordinary  resolution to renew the Stock Option Plan of the Corporation and all unallocated option entitlements under the Corporation's Stock Option Plan; and (ii) consider, and if deemed appropriate, to approve and adopt, with or without modification, an ordinary resolution to renew and approve the Corporation's Shareholder Rights Plan.\n\nIn regard to item (ii), the Corporation has entered into an Amending Agreement, dated February 12, 2016 between the Corporation and Computershare Trust Company of Canada to amend the Shareholder Rights Plan Agreement, dated February 25, 2013, to extend the permitted time for a takeover bid to be taken up under the Shareholders Rights Plan from sixty (60) days to one hundred and twenty (120) days (\"Permitted Bid\"), in keeping with new takeover bid proposals being put forward by Canadian Securities Administrators.  The aforesaid amendment to the definition of a Permitted Bid under the Shareholders Rights Plan, becomes effective February 12, 2016 and will be submitted to the shareholders of the Corporation for approval and ratification at t...