CALGARY, Alberta, May 13, 2020 (GLOBE NEWSWIRE) — Storm Resources Ltd. (“Storm” or the “Company“) (TSX:SRX) is pleased to announce the voting results from its annual general meeting of shareholders held on May 13, 2020. A total of 103,244,460 common shares, representing approximately 84.94% of Storm’s issued and outstanding shares, were represented at the meeting.
The following nominees were elected as directors of Storm for the ensuing year, with the specific voting results being as follows:
|Votes For||Votes Withheld|
|Matthew J. Brister||95,463,579||99.71||%||280,440||0.29||%|
|John A. Brussa||95,007,266||99.23||%||736,753||0.77||%|
|Mark A. Butler||93,741,453||97.91||%||2,002,566||2.09||%|
|Stuart G. Clark||95,594,895||99.84||%||149,124||0.16||%|
|Gregory G. Turnbull||95,594,895||99.84||%||149,124||0.16||%|
|P. Grant Wierzba||95,463,579||99.71||%||280,440||0.29||%|
|James K. Wilson||93,947,859||98.12||%||1,796,160||1.88||%|
In addition, shareholders approved the appointment of Ernst & Young LLP as the Company’s auditor for the ensuing year (99.99% of the votes cast being in favour).
Shareholders also approved a non-binding advisory resolution on the Company’s approach to executive compensation (95.72% of the votes cast being in favour).
Storm Resources Ltd. began operations in August 2010, is headquartered in Calgary, Alberta and is focused on growing net asset value for shareholders through the development of a large, liquids-rich resource in the Montney formation in northeast British Columbia.
Certain information in this press release contains forward-looking information that involves risk and uncertainty. For this purpose, any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements often contain terms such as “may”, “will”, “should”, “anticipate”, “expects” and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Storm assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
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FOR FURTHER INFORMATION PLEASE CONTACT:
President and Chief Executive Officer
Michael J. Hearn
Chief Financial Officer
Manager, Corporate Affairs
Storm Resources Ltd.
#600, 215 – 2 Street SW
Calgary, Alberta T2P 1M4