June 19, 2012 07:30 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2012) - New Zealand Energy Corp. (TSX VENTURE:NZ)(OTCQX:NZERF) ("NZEC" or the "Company") is pleased to announce that its shareholders approved all matters put before them at the Company's Annual General Meeting held on June 15, 2012. Messrs. John Greig, John Proust, Bruce McIntyre, Ken Truscott and Hamish Campbell were elected to the Board of Directors. Shareholders ratified the Company's stock option plan, which permits the Company to grant options for up to 10% of the number of shares outstanding from time to time.
NZEC live-broadcast the shareholder update portion of the meeting, providing an update on the Company's exploration activities, business strategy and objectives. An archive of the webcast is available at www.NewZealandEnergy.com in the Investor Centre/Presentations section.
On behalf of the Board of Directors
John Proust, Chief Executive Officer & Director
About New Zealand Energy Corp.
NZEC is an oil and natural gas company engaged in the production, development and exploration of petroleum and natural gas assets in New Zealand. NZEC's property portfolio collectively covers more than two million acres of conventional and unconventional prospects in the Taranaki Basin and East Coast Basin of New Zealand's North Island. The Company's management team has extensive experience exploring and developing oil and natural gas fields in New Zealand and Canada, and takes a multi-disciplinary approach to value creation with a track record of successful discoveries. NZEC plans to add shareholder value by executing a technically disciplined exploration and development program focused on the onshore and offshore oil and natural gas resources in the politically and fiscally stable country of New Zealand. NZEC is listed on the TSX Venture Exchange under the symbol NZ and on the OTCQX International under the symbol NZERF. More information is available at www.newzealandenergy.com or by emailing email@example.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
New Zealand Energy Corp.John ProustChief Executive Officer & DirectorNorth American toll-free: firstname.lastname@example.org
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