APIC Petroleum Corporation
TSX VENTURE : API

APIC Petroleum Corporation

June 08, 2012 16:15 ET

APIC Petroleum Corporation: Annual Meeting Results and Continuance Update

TORONTO, ONTARIO--(Marketwire - June 8, 2012) - APIC PETROLEUM CORPORATION (TSX VENTURE:API) (the "Company") is pleased to announce the re-election of the board of directors at its annual general meeting of shareholders (the "Meeting") held on May 24, 2012. At the Meeting, shareholders approved a board of five directors, the re-appointment of Shimmerman Penn LLP as auditors, the renewal of the amended and restated stock option plan, the continuance of the Company from the State of Delaware to Canada and the adoption of new general by-laws of the Company.

Shareholders approved the re-appointment of Khaled Chehabi, John M. Clark, D. Campbell Deacon, Dennis A. Sharp and Thomas R. Vukovich as directors of the Company. Directors were approved on an individual basis.

In addition to the general business of the Company, the shareholders were asked to approve the continuance of the Company from the state of Delaware to Canada, to be governed by the federal laws of Canada pursuant to the Canada Business Corporations Act (the "Continuance"). The Continuance was completed on June 8, 2012. In connection with the Continuance, the shareholders also approved a new general by-laws of the Company, as more fully described in the management information circular available on www.sedar.com.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • APIC Petroleum Corporation
    Dennis A. Sharp
    Chief Executive Officer
    416.367.0150
    416.367.0165 (FAX)

    APIC Petroleum Corporation
    John M. Clark
    Chief Financial Officer
    416.367.0150
    416.367.0165 (FAX)