Birchcliff Energy Ltd. Announces Voting Results From 2024 Annual Meeting of Shareholders
May 18, 2024 at 01:10 am IST
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CALGARY, Alberta, May 17, 2024 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff”) (TSX: BIR) is pleased to announce that at its Annual Meeting of Shareholders held on May 16, 2024 (the “Meeting”), shareholders elected all six of the proposed nominees listed in Birchcliff’s information circular dated March 27, 2024 (the “Information Circular”) and approved all other matters voted upon at the Meeting.
The matters voted upon at the Meeting were discussed in detail in the Information Circular, a copy of which is available on SEDAR+ at http://www.sedarplus.ca and on Birchcliff’s website at www.birchcliffenergy.com. The voting results for each matter voted upon are set forth in the table below and a copy of the Report of Voting Results is available on SEDAR+ at http://www.sedarplus.ca.
Matters Voted Upon
Outcome of Vote
Votes For
Votes Against or Withheld, as applicable
1.
Ordinary resolution to fix the number of directors of Birchcliff to be elected at the Meeting at six.
Passed
101,325,889 89.05%
12,459,512 10.95%
2.
Ordinary resolution to approve the election of the following nominees as directors of Birchcliff, to hold office until the close of the next annual meeting of shareholders of Birchcliff or until their successor is elected or appointed:
(a)
Dennis Dawson
Elected
74,076,467 66.88%
36,684,171 33.12%
(b)
Debra Gerlach
Elected
96,574,090 87.19%
14,186,548 12.81%
(c)
Stacey McDonald
Elected
95,954,887 86.63%
14,805,751 13.37%
(d)
Cameron Proctor
Elected
98,270,647 88.72%
12,489,991 11.28%
(e)
James Surbey
Elected
98,337,352 88.78%
12,423,286 11.22%
(f)
A. Jeffery Tonken
Elected
97,121,377 87.69%
13,639,261 12.31%
3.
Ordinary resolution to approve the appointment of KPMG LLP, Chartered Professional Accountants, as the auditors of Birchcliff, to hold office until the close of the next annual meeting of shareholders of Birchcliff, and to authorize the board of directors to fix their remuneration as such.
Passed
112,262,476 98.66%
1,522,926 1.34%
About Birchcliff:
Birchcliff is a dividend-paying, intermediate oil and natural gas company based in Calgary, Alberta with operations focused on the Montney/Doig Resource Play in Alberta. Birchcliff’s common shares are listed for trading on the Toronto Stock Exchange under the symbol “BIR”.
For further information, please contact:
Birchcliff Energy Ltd. Suite 1000, 600 – 3rd Avenue S.W. Calgary, Alberta T2P 0G5 Telephone: (403) 261-6401 Email: birinfo@birchcliffenergy.com www.birchcliffenergy.com
Chris Carlsen – President and Chief Executive Officer
Bruno Geremia – Executive Vice President and Chief Financial Officer
Birchcliff Energy Ltd. is a Canada-based intermediate oil and gas company. The Company is engaged in exploring for, developing, and producing natural gas, light oil, condensate, and other natural gas Liquids (NGLs). The Company's operations concentrated within its core area, the Peace River Arch, which is centered northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia. It is focused on natural gas and light oil drilling areas in North America. The Company is focused on the Montney/Doig Resource Play within the Peace River Arch. It has 100% interest in its Pouce Coupe Gas Plant and two oil batteries, as well as various working interests in numerous other gas plants, oil batteries, compressors, facilities, and infrastructure. Pouce Coupe Gas Plant is in the heart of the Montney/Doig Resource Play. The Gordondale property is located northwest of Grande Prairie, Alberta and consists of the properties in Gordondale.