Granite Oil Corp.
TSX : GXO
OTCQX : GXOCF

Granite Oil Corp.

May 12, 2016 18:01 ET

Granite Oil Corp. Announces Results of Shareholder Meeting

CALGARY, ALBERTA--(Marketwired - May 12, 2016) - GRANITE OIL CORP. ("Granite" or the "Company") (TSX:GXO)(OTCQX:GXOCF) is pleased to announce the results from its 2016 annual general meeting of shareholders held on May 12, 2016 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 11, 2016, a copy of which is available on the Company's SEDAR profile at www.sedar.com. The voting results for each of the matters 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 seven. The vote in respect of this matter carried out by ballot. The detailed results of voting are as follows.

# Votes For % Votes For # Votes Against % Votes Against
22,281,661 99.75 54,370 0.25

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
Kevin Andrus 19,373,490 94.12 1,210,973 5.88
Brendan Carrigy 20,522,095 99.70 62,368 0.30
Martin Cheyne 20,520,433 99.69 64,030 0.31
Henry Hamm 18,991,299 92.26 1,593,164 7.74
Michael Kabanuk 20,522,294 99.70 62,169 0.30
Dennis Nerland 18,025,050 87.57 2,559,413 12.43
Bradley Porter 19,373,548 94.12 1,210,915 5.88

3. Reappointment of Auditor

The shareholders approved the reappointment 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 ballot. The detailed results of voting are as follows.

# Votes For % Votes For # Votes Withheld % Votes Withheld
19,950,775 89.32 2,386,615 10.68

Contact Information

  • Granite Oil Corp.
    Michael Kabanuk
    President & CEO
    (587) 349-9123

    Granite Oil Corp.
    Jonathan Fleming
    E.V.P.
    (587) 349-9118