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Marret Resource Corp. Announces Results of Annual Meeting

Jun 28 2013 12:00AM

Marketwire

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TORONTO, ONTARIO -- (Marketwired) -- 06/28/13 -- Marret Resource Corp. (TSX: MAR) (the "Company") announces that the Company's shareholders approved all matters submitted by management for their consideration at the annual and special meeting of shareholders (the "Meeting") held on June 26, 2013 in Toronto, Ontario.

At the Meeting Barry Allan, John Anderson, Frank Davis, David Gluskin and Douglas Scharf were elected as directors of the Company. The shareholders reappointed KPMG LLP, Chartered Accountants, as the Company's auditor. In addition, the shareholders approved an amendment to the By-Laws which provides mandatory procedures for nominations of persons to be elected to the Board. Particulars of each of the above matters are described in the management information circular of the Company dated May 23, 2013, which is available on SEDAR. In addition, Mr. Allan has been appointed the President and Chief Executive Officer of the Company and Mr. Davis has been appointed as Chairman of the Company.

Detailed voting results for the election of directors were as follows:

--------------------------------------------------- Shares Voted SharesName For (%) Withheld (%)---------------------------------------------------Barry Allan 99.95 0.05---------------------------------------------------John Anderson 99.93 0.07---------------------------------------------------Frank Davis 99.93 0.07---------------------------------------------------David Gluskin 99.92 0.08---------------------------------------------------Douglas Scharf 99.93 0.07---------------------------------------------------



About Marret Resource Corp.

Marret Resource Corp. is focused on natural resource lending. The Company's business is primarily directed to investing in public and private debt securities of and making term loans (including bridge and mezzanine debt) to issuers in a broad range of natural resource sectors, including energy, base and precious metals and other commodities, and issuers involved in exploration and development, and may also include financing other resource-related businesses and investing in public and private equity and quasi-equity securities. The Company seeks to generate income mainly from its lending activities, while taking advantage of additional upside through equity participation in the companies which it finances.

Marret Asset Management Inc. is the Company's investment manager and is responsible for implementing Marret Resource Corp.'s investment strategy and managing its investment portfolio.

About Marret Asset Management Inc.

Marret Asset Management is an employee-owned firm based in Toronto led by Barry Allan which specializes in fixed income and, particularly, in high yield debt strategies.

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Contacts:
Marret Resource Corp.
Barry Allan
Chief Executive Officer
416.214.5800





Source: Marketwire


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