Pulse Oil Corp. Announces Annual and Special Meeting Results
July 14 2023 - 6:18PM
Pulse Oil Corp., (“Pulse” or the "Company”) (TSXV: PUL) is pleased
to announce from its 2023 annual general and special meeting of
shareholders (the “Meeting”) held today in Vancouver, B.C.
Shareholders voted as follows on the matters before the Meeting.
Election of Directors
All six of the nominees listed in Pulse’s
management information circular dated June 9, 2023 that were
proposed by management for election to the board of directors at
the Meeting were duly elected. The directors will remain in office
until the next annual meeting of the Company’s shareholders or
until their successors are elected or appointed.
Annual general and special meeting
results:
Election of Directors |
Nominee |
For |
% For |
Withheld |
% Withheld |
Garth Johnson |
233,444,501 |
99.27 |
1,724,000 |
0.73 |
Drew Cadenhead |
235,149,501 |
99.99 |
19,000 |
0.01 |
Douglas Ellenor |
234,462,751 |
99.70 |
705,750 |
0.30 |
John Doyle |
235,149,501 |
99.99 |
19,000 |
0.01 |
Daniel Bolstad |
235,149,501 |
99.99 |
19,000 |
0.01 |
Patrick Harrison |
235,149,501 |
99.99 |
19,000 |
0.01 |
The directors will remain in office until the next annual meeting
of the Company’s shareholders or until their earlier
resignation. |
|
For |
% For |
Against |
Against % |
Withheld |
Withheld % |
Appointment of Auditors |
235,149,501 |
99.99 |
N/A |
N/A |
19,000 |
0.01 |
Other Business |
232,997,501 |
99.08 |
2,171,000 |
0.92 |
N/A |
N/A |
Appointment of Auditors
Shareholders appointed MNP LLP as auditor of the
Company for the upcoming year and authorized the directors of the
Company to fix the remuneration of the auditor.
About Pulse
Pulse is a Canadian company incorporated under
the Business Corporations Act (Alberta) that is primarily focused
on a 100% Working Interest Enhanced Oil Project Located in West
Central Alberta, Canada. The project includes two established Nisku
pinnacle reef reservoirs that have been producing sweet light crude
oil for over 40 years. The Company plans to institute a proven
recovery methodology (NGL solvent injection) to further enhance the
ultimate oil recovery from these two proven pools. With under 10
million barrels of oil recovered to date, and representing
approximately 30% recovery factor from the pools, Pulse is moving
forward to execute the EOR project and unlock significant value for
shareholders. Pulse’s total reclamation liabilities are just $2.7
million which, when compared to many peers in the industry in
Western Canada, are very low.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
For further information contact:
Pulse Oil Corp.
Garth
JohnsonCEO604-306-4421garth@pulseoilcorp.com
Drew
CadenheadDirectordrew@pulseoilcorp.com
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