CALGARY,
AB, May 24, 2023 /CNW/ - Journey Energy
Inc. (TSX: JOY) (OTCQX: JRNGF)
("Journey", or the
"Company") announces the voting results from
its Annual General Meeting (the "Meeting") held
today pursuant to Section 11.3 of National Instrument 51-102 –
Continuous Disclosure Obligations. Journey is pleased to
report that all resolutions were approved by the shareholders and
the details of the voting results are contained below.
1.
Fixing the Number of Directors to be elected at the
meeting
On a vote by proxy, the number of directors of the Company
to be elected at the Meeting was fixed at five members. The numbers
in respect of the vote are based on the proxies
received.
|
Votes For
|
% For
|
Votes Against
|
% Against
|
|
18,812,224
|
99.6
|
81,432
|
0.4
|
2.
Election of Directors
On a vote by ballot, each of the following five nominees
proposed by management was elected to serve as a director of the
Company until the next annual meeting of shareholders, or until
their successors are duly elected or appointed, subject to the
provisions of the Business Corporations Act
(Alberta) and the by-laws of the
Company:
|
Nominees
|
Votes For
|
% For
|
Votes Withheld
|
% Withheld
|
|
Craig H.
Hansen
|
18,882,527
|
99.94
|
11,135
|
0.06
|
|
Jenna M.
Kaye
|
18,813,050
|
99.57
|
80,612
|
0.43
|
|
Thomas J.
Mullane
|
18,882,811
|
99.94
|
10,851
|
0.06
|
|
Reginald S.
Smith
|
18,882,800
|
99.94
|
10,862
|
0.06
|
|
Scott A.
Treadwell
|
18,829,714
|
99.66
|
63,948
|
0.34
|
|
Alex G,
Verge
|
18,883,059
|
99.94
|
10,603
|
0.06
|
3.
Appointment of Auditor
On a vote by proxy, KPMG LLP, Chartered Professional
Accountants, was appointed as auditors of the Company until the
next annual meeting of shareholders, and the directors of the
Company were authorized to fix their remuneration as such. The
numbers in respect of the vote are based on the proxies received.
|
Votes For
|
% For
|
Votes Withheld
|
% Withheld
|
|
18,969,737
|
99.55
|
86,609
|
0.45
|
4.
Approval of Unallocated Share Options
On a vote by ballot, all unallocated options to acquire
common shares of the Company pursuant to the amended and restated
share option plan dated August 12,
2020 was approved. The number in respect of the vote is
based on the ballots received.
|
Votes For
|
% For
|
Votes Against
|
% Against
|
|
15,489,609
|
81.98
|
3,404,053
|
18.02
|
5.
Approval of Unallocated Share Awards
On a vote by ballot, all unallocated awards to acquire
common shares of the Company pursuant to the Company's amended and
restated restricted and performance award plan dated August 12, 2020 was approved. The number in
respect of the vote is based on the ballots received.
|
Votes For
|
% For
|
Votes Against
|
% Against
|
|
15,500,870
|
82.04
|
3,392,792
|
17.96
|
No securities regulatory authority has either approved or
disapproved of the contents of this press release.
SOURCE Journey Energy Inc.