Candax Energy Inc.
TSX : CAX

Candax Energy Inc.

June 25, 2014 11:49 ET

Candax Energy Inc.: Election of Directors and Results of Annual Shareholders Meeting

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.

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