Vote resultsTriNorth Prevails in Proxy Contest
13:17 EDT Monday, June 22, 2009
Resounding majority of shareholders support superior team
TORONTO, June 22/CNW/ - TriNorth Capital Inc. ("TriNorth") (TSX: TRT) announced itsboard of directors received a resounding majority of shareholdersupport at today's Annual Shareholder Meeting.
On a motion to elect TriNorth's board of directors, the management slate of nominees John Crow, Rene Bharti, Amar Bhalla, John Pennal and Ravi Sood received 82 million votes versus 35 million votes for a dissident slate.
TriNorth's Chairman John Crow said:"Shareholders have spoken clearly and loudly in support of the teamthat is best positioned to maximize shareholder value in their company.On behalf of TriNorth's board and management, I want to thankshareholders for their support and confidence throughout this proxycontest."
About TriNorth
TriNorth is a Canadian-based investment company that invests in adiversified portfolio of companies to generate long-term capital growthfor shareholders. TriNorth takes an active interest in its investeecompanies from the earliest stages, providing strategic and financialcounsel, support and direction to assist in their growth and success.TriNorth's investment strategy includes structuring and initiatingdeals focused on particular resources, themes or regions as well aslaunching the development of businesses in select industries byproviding assistance with the hiring of management teams, providingseed capital and facilitating IPOs. All investment activities ofTriNorth are managed by Lawrence Asset Management Inc, a leadingCanadian alternative investment asset manager.
Cautionary Notes