Paramount Resources Ltd. Announces Director Election Results From its 2018 Annual Meeting of Shareholders
CALGARY, May 9, 2018 /CNW/ - Paramount Resources Ltd. ("Paramount") (TSX - "POU") announces that at its annual meeting of shareholders held on May 9, 2018 the following ten director nominees were elected:
| NOMINEE | VOTES FOR | VOTES WITHHELD | |||
| Number | Percent (%) | Number | Percent (%) | ||
| CLAYTON RIDDELL | 108,363,678 | 98.84% | 1,274,485 | 1.16% | |
| JAMES RIDDELL | 109,217,048 | 99.62% | 421,115 | 0.38% | |
| JAMES BELL | 107,287,455 | 97.86% | 2,350,708 | 2.14% | |
| WILFRED GOBERT | 109,299,164 | 99.69% | 338,999 | 0.31% | |
| JOHN GORMAN | 107,917,376 | 98.43% | 1,720,787 | 1.57% | |
| DIRK JUNGE | 108,808,859 | 99.24% | 829,304 | 0.76% | |
| ROBERT MACDONALD | 109,309,812 | 99.70% | 328,351 | 0.30% | |
| KEITH MACLEOD | 109,313,516 | 99.70% | 324,647 | 0.30% | |
| SUSAN RIDDELL ROSE | 107,544,156 | 98.09% | 2,094,007 | 1.91% | |
| JOHN ROY | 106,801,831 | 97.41% | 2,836,332 | 2.59% | |
The re-appointment of Ernst & Young LLP, Chartered Accountants, as auditors of the Corporation was approved.
| VOTES FOR | VOTES WITHHELD | ||
| Number | Percent (%) | Number | Percent (%) |
| 112,120,791 | 99.49% | 577,105 | 0.51% |
Also, amendments to Paramount's stock option plan were authorized and approved.
| VOTES FOR | VOTES AGAINST | ||
| Number | Percent (%) | Number | Percent (%) |
| 91,935,650 | 83.85% | 17,702,513 | 16.15% |
In addition, all unallocated options under Paramount's Stock Option Plan were authorized and approved.
| VOTES FOR | VOTES AGAINST | ||
| Number | Percent (%) | Number | Percent (%) |
| 91,956,076 | 83.87% | 17,682,087 | 16.13% |
Paramount is an independent, publicly traded, liquids-focused Canadian energy company that explores for and develops both conventional and unconventional petroleum and natural gas resources, including long-term strategic exploration and pre-development plays, and holds a portfolio of investments in other entities. The Company's principal properties are located in Alberta and British Columbia. Paramount's Class A common shares are listed on the Toronto Stock Exchange under the symbol "POU".
SOURCE Paramount Resources Ltd.
Contact
Paramount Resources Ltd., J.H.T. (Jim) Riddell, President and Chief Executive Officer; B.K. (Bernie) Lee, Executive Vice President, Finance and Chief Financial Officer, Phone: (403) 290-3600
