Gear Energy Ltd.
TSX : GXE

Gear Energy Ltd.

May 11, 2016 20:16 ET

Gear Energy Ltd. Announces Results of Directors Vote

CALGARY, ALBERTA--(Marketwired - May 11, 2016) - Gear Energy Ltd. ("Gear") (TSX:GXE) is pleased to announce that the nominees listed in the management proxy circular dated April 11, 2016 were elected as directors of Gear. The detailed results of the vote for the election of directors held at its annual and special meeting of shareholders held today (the "Meeting") are set out below.

On a vote by ballot, each of the following six nominees proposed by management was elected as a director of Gear:

Nominee Outcome
of Vote
Votes For % For Votes
Withheld
% Withheld
Greg Bay
Raymond Cej
Harry English
Ingram Gillmore
Donald Gray
Peter Verburg
Elected
Elected
Elected
Elected
Elected
Elected
32,408,019
32,337,519
38,147,442
38,145,402
32,408,019
32,407,949
84.95
84.76
99.99
99.99
84.95
84.95
5,742,088
5,812,588
2,665
4,705
5,742,088
5,742,158
15.05
15.24
0.01
0.01
15.05
15.05

For details of the voting results on the other matters considered at the Meeting, see Gear's Report of Voting Results filed pursuant to National Instrument 51-102 on www.sedar.com.

About Gear Energy Ltd.

Gear is a Canadian exploration and production company with predominantly horizontal heavy oil production in east central Alberta and west central Saskatchewan. The current and ongoing business plan is to continue focusing on being a low cost heavy oil operator, drilling economic wells and acquiring assets on an accretive basis.

Contact Information

  • Gear Energy Ltd.
    Ingram B. Gillmore
    President and Chief Executive Officer
    (403) 538-8463