Cardinal Energy Ltd.: Report on Voting From the 2014 Shareholders Meeting
06.06.2014 | Marketwired
CALGARY, ALBERTA--(Marketwired - Jun 5, 2014) - Cardinal Energy Ltd. ("Cardinal" or the "Corporation") (TSX:CJ) announces that all matters presented for approval at the annual meeting of the shareholders of Cardinal held today have been fully authorized and approved. A total of 23,694,492 votes representing 62.87% of the total votes entitled to vote at the meeting, were voted in connection with the matters considered at the meeting.
At the meeting, all of the nominees proposed as directors were duly elected as directors of Cardinal to serve until the next annual meeting or until their successors are duly appointed or elected. The results of the ballot were as follows:
| Name of Nominee | Votes For | Percent | Votes Withheld | Percent |
| M. Scott Ratushny | 21,392,047 | 90.30% | 2,296,725 | 9.70% |
| John A. Brussa | 20,907,739 | 88.26% | 2,781,033 | 11.74% |
| David D. Johnson | 23,454,509 | 99.01% | 234,263 | 0.99% |
| James C. Smith | 23,646,138 | 99.82% | 42,634 | 0.18% |
| Greg T. Tisdale | 23,529,609 | 99.33% | 159,163 | 0.67% |
In addition, KPMG LLP, Chartered Accountants, were appointed as auditors of the Corporation to hold office until close of the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:
| Votes For | Percent | Votes Withheld | Percent | |
| 21,626,509 | 91.27 | 2,067,983 | 8.73% |
Cardinal is a junior Canadian oil focused company built to provide investors with a stable platform for dividend income and growth. Cardinal's operations are focused in all season access areas in Alberta.
Contact
Cardinal Energy Ltd.
(403) 234-8681
(403) 234-0603
Cardinal Energy Ltd.
M. Scott Ratushny
Chief Executive Officer
(403) 216-2706
Cardinal Energy Ltd.
Douglas Smith
Chief Financial Officer
(403) 216-2709