Kelt Exploration Ltd.
TSX : KEL

Kelt Exploration Ltd.

July 27, 2015 17:18 ET

Kelt Announces Results of Shareholders' Meeting

CALGARY, ALBERTA--(Marketwired - July 27, 2015) - Kelt Exploration Ltd. (TSX:KEL) ("Kelt" or the "Company") is pleased to announce that all matters presented for approval at the annual meeting of shareholders held April 22, 2015 have been fully authorized and approved. A total of 82.4 million common shares, representing 68.4% of the common shares, were represented in person or by proxy at the meeting.

At the meeting, an ordinary resolution to approve fixing the number of directors to be elected at the meeting at five (5), was approved with proxies and in-person votes received as follows:

Votes For % Against %
86,715,691 97.37% 2,341,576 2.63%

In addition, all of the nominees proposed as directors of the Company were duly elected as directors of the Company with votes cast by the shareholders present in person or represented by proxy at the meeting by way of a ballot, as follows:

Outcome of the Vote Votes For % Withheld %
Robert J. Dales Elected 87,141,187 97.97% 1,806,062 2.03%
William C. Guinan Elected 81,990,721 92.18% 6,956,528 7.82%
Eldon A. McIntyre Elected 88,755,189 99.78% 192,060 0.22%
Neil G. Sinclair Elected 88,784,641 99.82% 162,608 0.18%
David J. Wilson Elected 88,799,861 99.83% 147,388 0.17%

Lastly, an ordinary resolution to approve the appointment of PricewaterhouseCoopers LLP, as the auditors of the Corporation, was approved with proxies and in-person votes received as follows:

Votes For % Withheld %
88,410,551 99.27% 646,716 0.73%

About Kelt

Kelt is a Calgary, Alberta, Canada-based oil and gas company focused on exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia.

Contact Information

  • Kelt Exploration Ltd.
    David J. Wilson
    President and Chief Executive Officer
    (403) 201-5340

    Kelt Exploration Ltd.
    Sadiq H. Lalani
    Vice President, Finance and Chief Financial Officer
    (403) 215-5310

    Kelt Exploration Ltd.
    Suite 300, 311 - 6th Avenue SW
    Calgary, Alberta, Canada T2P 3H2
    www.keltexploration.com