Zargon Oil & Gas Ltd. Report on Voting From the 2017 Shareholders Meeting
May 30, 2017 - 5:01 PM EDT
close
Zargon Oil & Gas Ltd. Report on Voting From the 2017 Shareholders Meeting
CALGARY, Alberta, May 30, 2017 (GLOBE NEWSWIRE) -- Zargon Oil & Gas Ltd. (TSX:ZAR) (TSX:ZAR.DB.A) ("Zargon") announces that the following matters were voted upon at the annual and special meeting of the shareholders of Zargon held on May 30, 2017 in Calgary, Alberta.
1. Election of Directors
By resolution passed via ballot, the following six nominees were appointed as directors of Zargon to serve until the next annual meeting of shareholders of Zargon, or until their successors are elected or appointed. The results of the ballot were as follows:
Name of Nominee
Votes For
Percent
Votes Withheld
Percent
Craig H. Hansen
7,557,131
98.96
%
79,587
1.04
%
Kyle D. Kitagawa
7,519,803
98.47
%
116,915
1.53
%
Geoffrey C. Merritt
7,434,986
97.36
%
201,732
2.64
%
Jim Peplinski
7,434,678
97.35
%
202,040
2.65
%
Ron Wigham
7,556,431
98.95
%
80,287
1.05
%
Grant A. Zawalsky
7,193,841
94.20
%
442,877
5.80
%
2. Appointment of Auditors
By resolution passed via ballot, Ernst & Young LLP, Chartered Professional Accountants, were appointed as auditors of Zargon to hold office until the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their compensation. The results of the ballot were as follows:
Votes For
Percent
Votes Withheld
Percent
9,993,531
99.58
%
42,239
0.42
%
3. Approval of 2017 Stock Option Plan
By resolution passed via ballot, the 2017 stock option plan and ratification of grants made thereunder, were approved. The results of the ballot were as follows:
Votes For
Percent
Votes Against
Percent
7,174,083
93.94
%
462,635
6.06
%
FURTHER INFORMATION
Zargon Oil & Gas Ltd. is a Calgary based oil and natural gas company working in the Western Canadian and Williston sedimentary basins and is focused on oil exploitation projects (waterfloods and tertiary ASP) that profitably increase oil production and recovery factors from existing oil reservoirs.
In order to learn more about Zargon, we encourage you to visit Zargon's website at www.zargon.ca where you will find a current shareholder presentation, financial reports and historical news releases.
For further information please contact:
C.H. Hansen
President and Chief Executive Officer
Zargon Oil & Gas Ltd.
Telephone: 403-264-9992
E-mail: zargon@zargon.ca
Website: www.zargon.ca
