Calgary, May 19, 2021 - Pine Cliff Energy Ltd. (TSX: PNE) ("Pine Cliff" or the "Company") is pleased to announce all matters presented for approval at the Annual and Special Meeting of Shareholders on May 19, 2021 (the "Meeting") have been approved. A total of 127,921,923 common shares representing 38.05% of Pine Cliff's issued and outstanding common shares were voted in connection with the Meeting.
All of the nominees proposed as directors were duly elected. Each of the nominees was elected as shown below:
Name of Nominee
Shares Voted For
Votes Withheld
George F. Fink
107,075,491
16,071,692
Robert B. Fryk
109,885,267
13,261,916
Philip B. Hodge
123,076,324
70,859
Jacqueline R. Ricci
109,494,132
13,653,051
William S. Rice
109,891,367
13,255,816
Additionally, Deloitte LLP was appointed as auditors of the Corporation for the ensuing year and the directors were authorized to fix their remuneration. The complete report on voting for the Meeting is available at www.sedar.com.
Pine Cliff also announces that its Board of Directors has approved its annual stock option grant of an aggregate of 11,149,600 stock options to its directors, officers, employees and certain service providers. The stock options vest between one to three years, have an exercise price of $0.33 per share and will expire between May 19, 2023 and May 19, 2025. As of the date hereof and after the grant of the options described above, the total number of Pine Cliff common shares reserved for issuance pursuant to stock options outstanding is 28,612,944, which represents 8.51% of common shares outstanding.
For further information, please contact: Philip B. Hodge - President and CEO Alan MacDonald -CFO and Corporate Secretary Telephone: (403) 269-2289 Fax: (403) 265-7488 Email: info@pinecliffenergy.com
The TSX does not accept responsibility for the accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84599
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