May 14, 2014 18:23 ET
CALGARY, ALBERTA--(Marketwired - May 14, 2014) - Lightstream Resources Ltd. ("Lightstream") (TSX:LTS) is pleased to announce that at our annual meeting of shareholders held on May 14, 2014, the following eight director nominees were elected.
In addition, the shareholders also approved the appointment of Deloitte LLP as the auditors for the ensuing year, amendments to our by-laws to change the quorum of shareholder meetings from 50% to 25% and the adoption of by-law number 2 providing for advance notice of the nomination of directors.
Lightstream Resources Ltd. is an oil and gas exploration and production company combining light oil Bakken and Cardium resource plays with conventional light oil assets, delivering industry leading operating netbacks, strong cash flows and production growth. Lightstream is applying leading edge technology to a multi-year inventory of Bakken and Cardium light oil development locations, along with other emerging resource play opportunities. Our strategy is to deliver accretive production and reserves growth, along with an attractive dividend yield.
Lightstream Resources Ltd.John D. WrightPresident and Chief Executive Officer403.268.7800403.218.6075 (FAX)Lightstream Resources Ltd.Peter D. ScottSenior Vice President and Chief Financial Officer403.268.7800403.218.6075 (FAX)Lightstream Resources Ltd.William (Bill) A. KantersVice President Capital Markets403.268.7800403.218.6075 (FAX)email@example.com
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