Colabor Group Inc. Releases Results of Shareholder Votes

Colabor Group Inc. Releases Results of Shareholder Votes

BOUCHERVILLE, QUEBEC--(Marketwired - Jun 14, 2016) - Colabor Group Inc. (TSX:GCL) ("Colabor" or the "Company") today held its Annual Meeting of Shareholders (the "Meeting"). A total of 27,480,966 common shares representing 47.27% of the issued and outstanding shares of the Company were represented in person and by proxy at the Meeting.

At this Meeting, the following resolutions were approved:

1. Election of Directors

The six candidates nominated as Directors were duly elected to the Board of Directors of Colabor by majority vote, as follows:

Name   In favour   Withheld
Number % Number %
Alain Brisebois 9,083,248 98.63% 126,111 1.37%
Gaétan Brunelle 9,092,785 98.73% 116,574 1.27%
Robert Cloutier 9,084,233 98.64% 125,126 1.36%
Stéphane Gonthier 9,093,995 98.75% 115,364 1.25%
Richard Lord 9,086,058 98.66% 123,301 1.34%
Robert Panet-Raymond 9,082,895 98.63% 126,464 1.37%

2. Appointment of Auditor

The resolution appointing PricewaterhouseCoopers LLP, to act as auditor of the Company until the next annual meeting of shareholders or until the appointment of its successor, and authorizing the Board of Directors of the Company to fix its remuneration, was approved in a proportion of 99.95%.

ABOUT COLABOR

Colabor is a distributor and wholesaler of food and non-food products serving the foodservice market (cafeterias, restaurants, hotels, restaurant chains) in Québec, Ontario and the Atlantic provinces, as well as the retail market (grocery stores and convenience stores).

FORWARD-LOOKING STATEMENTS

This news release may contain forward-looking statements reflecting the opinions or current expectations of Colabor Group Inc. concerning its performance and business operations and future events. These statements are subject to risks, uncertainties and assumptions. Actual results and events may differ. The Company assumes no obligation beyond what is required under law to update forward-looking statements pursuant to changes in the beliefs, estimates and opinions of management or to other factors.

Investors: Colabor Group Inc.
Jean-Francois Neault, CPA, CMA, MBA
Vice-President and Chief Financial Officer
450-449-0026 ext. 308
450-449-6180
jean-francois.neault@colabor.com
Media: MaisonBrison Inc.
Martin Goulet, CFA
Senior Vice-President, Investor Relations
514-731-0000 ext. 229
514-731-4525
martin@maisonbrison.com