VICTORIA, BRITISH COLUMBIA, CANADA (May 28, 2012) Carmanah Technologies Corporation (TSX: CMH) is pleased to announce that all resolutions proposed at its Annual General Meeting held on May 24, 2012 (the “AGM”) were duly passed.
The shareholders approved the re-appointment of Rob Cruickshank, Bruce Cousins, Bob Wiens, Peter Berrang and Dr. David Green as directors of Carmanah. Also approved was the adoption of the Shareholder Rights Plan.
“We are pleased that 35% of the common shares were represented at the AGM,” noted Bruce Cousins, Carmanah’s CEO. “Our shareholders responded positively to the resolutions that were presented by management. This vote of confidence allows us to now collectively focus on continuing to build Carmanah as a leader in the industry.”
About Carmanah Technologies Corporation
As one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for industrial applications worldwide. Industry proven to perform reliably in some of the world’s harshest environments, Carmanah solar LED lights and solar power systems provide a durable, dependable and cost effective energy alternative. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol “CMH.” For more information, visit www.carmanah.com.
For further information:
Investor Relations: Roland Sartorius, CFO
Public Relations: David Davies
This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “expects,” “plans,” “estimates,” “intends,” “believes,” “could,” “might,” “will” or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Carmanah to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties. For additional information on these risks and uncertainties, see Carmanah’ s most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Company’s website at www.carmanah.com. The risk factors identified in Carmanah’ s AIF and MD&A are not intended to represent a complete list of factors that could affect Carmanah. Accordingly, readers should not place undue reliance on forward-looking statements. Carmanah does not assume any obligation to update the forward-looking information contained in this press release.