Athabasca Oil Corporation
TSX : ATH

Athabasca Oil Corporation

June 21, 2016 18:44 ET

Athabasca Oil Corporation Reports Voting Results of Election of Directors

CALGARY, ALBERTA--(Marketwired - June 21, 2016) - Athabasca Oil Corporation (TSX:ATH) ("Athabasca" or the "Company") announces that at its annual general meeting of shareholders held on June 21, 2016, each of the six nominees proposed and recommended by the Company as a director were elected along with the appointment of Ernst & Young LLP as auditors.

The Company has been made aware that one large individual shareholder, working alone or jointly and in concert with others, appears to have solicited proxies without having filed a dissident circular or seeking the appropriate exemption as required under the Alberta Business Corporations Act (ABCA). Athabasca has been advised by its independent counsel that such activities constitute the unlawful solicitation of proxies. Athabasca takes this matter seriously and intends to take steps to protect the Company and its shareholders. Excluding the shares voted by the individual conducting the unlawful solicitation and those obtained through those unlawful efforts, each director received over 88% support.

The results of the voting, inclusive of all votes casts and proxies received for each nominee, which was conducted by ballot, are as follows:


Nominee
Votes For Votes Withheld
No. % No. %
Bryan Begley 203,835,128 81.88 45,106,416 18.12
Rob Broen 167,647,800 67.34 81,293,744 32.66
Ronald Eckhardt 146,827,644 58.98 102,113,900 41.02
Carlos Fierro 167,328,541 67.22 81,613,003 32.78
Marshall McRae 162,714,810 65.36 86,226,734 34.64
Bob Rooney 147,051,987 59.07 101,889,557 40.93

About Athabasca Oil Corporation

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta's Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca's common shares trade on the TSX under the symbol "ATH". For more information, visit www.atha.com.

Contact Information

  • Media and Financial Community
    Matthew Taylor
    Vice President, Capital Markets and Communications
    1-403-817-9104
    mtaylor@atha.com