Cervus Equipment Corporation held its Annual and Special Meeting of Shareholders on April 25, 2012 where it as part of the succession plan previously disclosed in January 2012, Peter Lacey has been appointed as Executive Chairman of the Board of Directors, and Graham Drake has assumed the role of President and CEO of the company. Mr. Graham Drake began his career at John Deere Ltd. and, over a period of nine years, held several positions in which he was responsible for dealer and customer product service, sales and marketing, and credit management. Mr. Drake joined Cervus at its inception in 1999 and over the past seven years has been responsible for the John Deere dealership operations in Canada and internationally. Mr. Drake has also been a director of Cervus since 1999 and also serves on the Board of Trustees of Proventure Income Fund. Mr. Larry Benke has extensive experience in the engineering and construction industries with progressive roles in engineering design, project management and general management including President and Chief Executive Officer of the Colt Companies and Managing Director of WorleyParsons Canada. Mr. Benke is currently a director of WorleyParsons Limited.