Algoma Central Corporation - Election of Board of Directors

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TORONTO, May 6, 2013 /CNW/ - The Corporation, at its Annual General Meeting of Shareholders held on May 3, 2013, announced that all the nominees listed in its Management Proxy Circular dated February 22, 2013 were elected as directors until the next annual general meeting of shareholders.

All nominees were elected with the support of over 98% of the votes cast. The detailed results of the vote are set out below.

About Algoma Central Corporation

Algoma Central Corporation owns and operates the largest Canadian flag fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, including 19 self-unloading dry-bulk carriers, seven gearless dry bulk carriers and seven product tankers. Algoma also has interests in ocean dry-bulk and product tanker vessels operating in international markets. Algoma owns a diversified ship repair and steel fabricating facility active in the Great Lakes and St. Lawrence regions of Canada. In addition, Algoma owns and manages commercial real estate properties in Sault Ste. Marie, St. Catharines and Waterloo, Ontario.

A recently published economic impact study, commissioned by Marine Delivers, demonstrates the significant role that the Great Lakes - St. Lawrence Waterway plays in supporting the Canadian and U.S. economies.  Some 227,000 jobs and $35 billion in economic activity are supported by the movement of goods within the Waterway. For more information, including access to the full text of the economic impact study, please consult the www.marinedelivers.com website.

SOURCE: Algoma Central Corporation