DeeThree Exploration Ltd.
TSX : DTX
OTCQX : DTHRF

DeeThree Exploration Ltd.

May 17, 2013 16:01 ET

DeeThree Exploration Ltd. Announces Results of Shareholder Meeting

CALGARY, ALBERTA--(Marketwired - May 17, 2013) - DEETHREE EXPLORATION LTD. ("DeeThree" or the "Company") (TSX:DTX)(OTCQX:DTHRF) today announced the results from its 2013 annual and special meeting of shareholders held on May 16, 2013 in Calgary, Alberta (the "Meeting"). Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated April 8, 2013, a copy of which being available on the Company's website under "Invest - AGM" at www.deethree.ca. The voting results for each matter voted on by the shareholders at the Meeting is provided below.

1. Fixing the Number of Directors

The shareholders passed a resolution fixing the number of directors to be elected at the Meeting at six. The vote in respect of this matter carried out by show of hands.

2. Election of Directors

All of the nominees named in the Company's Management Information Circular were elected as directors of the Company. The vote in respect of this matter carried out by ballot. The detailed results of voting are as follows.

Nominee # Votes For % Votes For # Votes Withheld % Votes Withheld
Martin Cheyne 35,019,514 74 12,587,659 26
Michael Kabanuk 32,820,290 69 14,786,883 31
Dennis Nerland 33,111,653 70 14,504,820 30
Bradley Porter 41,252,456 85 7,486,017 15
Henry Hamm 47,367,898 97 1,370,575 3
Brendan Carrigy 34,029,105 71 13,578,068 29

3. Appointment of Auditors

The shareholders approved the appointment of KPMG LLP, Chartered Accountants, as the auditors of the Company to hold office until the close of the next annual meeting of shareholders of the Company at a remuneration to be fixed by the directors. The vote in respect of this matter carried out by show of hands.

4. Approval of New Stock Option Plan

The shareholders approved a resolution approving and adopting the Company's new stock option plan. The vote in respect of this matter carried out by ballot, with 72% of votes cast being in favour of the of the new stock option plan.

Contact Information

  • DeeThree Exploration Ltd.
    Martin Cheyne
    President and Chief Executive Officer
    (403) 263-9130