Journey Energy Inc. Reports on Voting from the 2017 Shareholders Meeting

May 25, 2017

CALGARY, May 25, 2017 /CNW/ - Journey Energy Inc. (JOY – TSX) ("Journey" or the "Company") reports that all matters presented for approval at the Company's Annual General Meeting held May 24, 2017 have been fully authorized and approved.

1. Fixing the Number of Directors to be Elected at the Meeting

On a vote by a show of hands, the number of directors of the Corporation to be elected at the Meeting was fixed at six members. The number in respect of the vote is based on the proxies received.

Votes For

% For

Votes Against

% Against

19,261,412

99.79

39,700

0.21

 

2. Election of Directors

On a vote by ballot, each of the following six nominees proposed by management was elected to serve as a director of the Corporation 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 Corporation:

Nominees

Votes For

% For

Votes Withheld

% Withheld

Howard Crone

18,720,010

97.04

571,002

2.96

Dana Laustsen

19,238,812

99.73

52,200

0.27

Ruilin Zhang

18,248,344

94.60

1,042,668

5.40

Andrew Harper

18,845,370

97.69

445,642

2.31

Ryan Shay

19,236,112

99.72

54,900

0.28

Stephen Mulherin

18,720,010

97.04

571,002

2.96

Alex Verge

18,808,570

97.50

482,442

2.50

 

3. Appointment of Auditor

On a vote by a show of hands, PricewaterhouseCoopers LLP, Chartered Accountants, was reappointed as auditors of the Corporation until the next annual meeting of shareholders, and the directors of the Corporation were authorized to fix their remuneration as such. The numbers of the vote are based on the proxies received. 

Votes For

% For

Votes Withheld

% Withheld

19,299,812

99.99

1,300

0.01

 

4. Approval of Unallocated Options

On a vote by a show of hands, all unallocated Options entitled to be granted pursuant to Journey's Option Plan were approved to be issued until May 24, 2020. The numbers of the vote are based on the proxies received. 

Votes For

% For

Votes Withheld

% Withheld

11,595,455

60.11

7,695,557

39.89

 

5. Approval of Unallocated Awards

On a vote by a show of hands, all unallocated Awards entitled to be granted pursuant to Journey's Award Plan were approved to be issued until May 24, 2020. The numbers of the vote are based on the proxies received. 

Votes For

% For

Votes Withheld

% Withheld

11,006,397

57.05

8,284,615

42.95

 

SOURCE Journey Energy Inc.

Alex G. Verge, President and Chief Executive Officer, 403-303-3232, alex.verge@journeyenergy.ca; or Gerry Gilewicz, Chief Financial Officer, 403-303-3238, gerry.gilewicz@journeyenergy.ca; Journey Energy Inc., 700, 517 - 10th Avenue SW, Calgary, AB T2R 0A8, 403-294-1635, www.journeyenergy.ca