New Zealand Energy Corp.
TSX VENTURE : NZ
OTCQX : NZERF

New Zealand Energy Corp.

June 24, 2014 07:00 ET

New Zealand Energy Reports Results of Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 24, 2014) - New Zealand Energy Corp. ("NZEC" or the "Company") (TSX VENTURE:NZ)(OTCQX:NZERF) today announced the voting results from its annual general meeting ("AGM") of shareholders held on June 23, 2014. A total of 53,822,633 common shares representing 31.5% of NZEC's issued and outstanding common shares were voted at the AGM.

Each of the nominees proposed by management was elected as a director of the Company to hold office until the next AGM, or until successors are elected or appointed:

Nominee Position Percentage of Votes for
John Greig Chairman 98.93%
John Proust Director and Chief Executive Officer 96.93%
David Robinson Director and CEO New Zealand Business 98.98%
Hamish Campbell Director 98.96%

Shareholders voted in favour of all items of business put forth at the meeting, as outlined below:

Motion Percentage of Votes for
To appoint PricewaterhouseCoopers as Auditors of the Company 99.76%
To approve the Company's Amended 2011 Stock Option Plan 96.31%
To approve the amendment of the exercise price of a total of 1,190,000 incentive stock options * 95.17%
* Shares held by certain insiders were not voted with regard to this motion.

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 approximately 1.15 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 info@newzealandenergy.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.

Contact Information

  • New Zealand Energy Corp.
    John Proust
    Chief Executive Officer & Director
    North American toll-free: 1-855-630-8997

    New Zealand Energy Corp.
    Rhylin Bailie
    Vice President Communications & Investor Relations
    North American toll-free: 1-855-630-8997
    info@newzealandenergy.com
    www.newzealandenergy.com