TORONTO, ONTARIO--(Marketwired - June 25, 2014) - Candax Energy Inc. ("Candax" or the "Company") (TSX:CAX), a company focused on mature oil field development in Tunisia, announces the results of its Annual Shareholders Meeting held on June 11, 2014.
The results are as follows:
| Matter Voted Upon | Outcome of Vote | Proxies Received and Shareholders Present | ||||
| For | Against | Withheld | Not Voted/ Not Valid |
|||
| 1. | In respect of setting the number of directors at five. This matter was voted on by ballot | Not Approved | 60,631,735 (8.62%) |
642,482,994 (91.38%) |
||
| 2. | In respect of the individual election as directors of the Company of the five nominees named in the Management Information Circular of the Company dated May 9, 2014 were elected by ballot as follows: | |||||
| M'hamed Ali Bouleymen | Approved | 701,945,312 (99.96%) |
255,300 (0.04%) |
913,317 | ||
| Benoit Debray | Approved | 701,942,312 (99.96%) |
258,300 (0.04%) |
913,317 | ||
| Stephen Drinkwater | Approved | 701,995,312 (99.96%) |
205,300 (0.03%) |
913,317 | ||
| Jean Pouzet | Approved | 701,945,312 (99.96%) |
255,300 (0.04%) |
913,317 | ||
| Huber Roudot | Approved | 701,942,312 (99.96%) |
258,300 (0.04%) |
913,317 | ||
| 3. | In respect of the appointment of Deloitte SA Chartered Accountants, as the independent auditors of the Company until the close of the next annual meeting of shareholders and authorizing the directors of the Company to fix their remuneration. | Approved | 702,132,618 (99.97%) |
212,674 (0.03%) |
||
About Candax
Candax is an international energy company with offices in Toronto and Tunis. The Candax group is engaged in exploration and the production of oil and gas in Tunisia and holds a royalty interest in an exploration permit in Madagascar.
Contact Information:
Candax Energy Inc.
info@candax.com
info@candax.com