Journey Energy Inc. reports on voting from the 2016 shareholders meeting

May 26, 2016

CALGARY, May 26, 2016 /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 25, 2016 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

16,467,053

100.00

70

0.00

 

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

15,426,837

92.46

1,258,593

7.54

Marc Drouin

16,658,887

99.84

26,543

0.16

Dana Laustsen

16,661,394

99.86

24,036

0.14

Stephen Mulherin

15,202,869

91.11

1,482,561

8.89

Alex Verge

16,481,491

98.78

203,939

1.22

Wieland Wettstein

15,402,731

92.31

1,282,699

7.69

 

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

29,702,789

100.00

Nil

0.00

 

SOURCE Journey Energy Inc.

Alex G. Verge, President and Chief Executive Officer, 403-303-3232, alex.verge@journeyenergy.ca; 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