CALGARY, ALBERTA--(Marketwired - May 18, 2017) - Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") (TSX:PPR) is pleased to announce the results of shareholder voting at its annual meeting held May 18, 2017, at which resolutions re-electing the board of directors and appointing the Company's auditors were approved. Approximately 71.9% of the common shares outstanding were represented in person or by proxy at the meeting. The detailed voting results are set out below.
Election of Directors
Each of the following seven nominees was elected as a director of Prairie Provident for the ensuing year, to hold office until the close of the next annual meeting of shareholders.
Director Nominee
Votes For
Percent
Votes Withheld
Percent
Patrick McDonald (Chair)
77,274,267
94.2%
4,796,321
5.8%
David Fitzpatrick
77,270,983
94.2%
4,799,605
5.8%
Terence (Tad) Flynn
77,272,767
94.2%
4,797,821
5.8%
Tim Granger
77,273,242
94.2%
4,797,346
5.8%
Derek Petrie
77,540,161
94.5%
4,530,427
5.5%
Ajay Sabherwal
77,268,442
94.2%
4,802,146
5.8%
Rob Wonnacott
77,377,417
94.3%
4,693,171
5.7%
Appointment of Auditors
Ernst & Young LLP were appointed as auditors of the Company for the ensuing year, to hold office until the close of the next annual meeting of shareholders.
Votes For
Percent
Votes Withheld
Percent
82,649,322
99.6%
326,849
0.4%
About Prairie Provident
Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta. The Company's strategy is to grow organically in combination with accretive acquisitions of conventional oil prospects, which can be efficiently developed. Prairie Provident's operations are primarily focused at Wheatland and Princess in Southern Alberta targeting the Ellerslie and the Lithic Glauc formations, along with an early stage waterflood project at Evi in the Peace River Arch. Prairie Provident protects its balance sheet through an active hedging program and manages risk by allocating capital to opportunities offering maximum shareholder returns.
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