Crew Energy Inc. Announces Update on COVID-19 Measures for Its Annual General and Special Meeting of Shareholders and Reaffir...
May 10 2021 - 7:33PM
Crew Energy Inc. ("
Crew" or the
"
Company") (TSX: CR) has scheduled its Annual
General and Special Meeting of Shareholders for 3:00 p.m. on
Thursday, May 20, 2021 (the "
Meeting"). Crew was
hopeful that Alberta would be emerging from the COVID-19 pandemic
which would allow for an in-person meeting of its shareholders.
However, in light of the most recent and enhanced "stop the spike"
COVID-19 restrictions announced by the Alberta Government, as well
as the continued advice of the Public Health Agency of Canada and
Alberta Health Services strongly discouraging indoor gatherings of
any kind, in order to adhere to the latest restrictions and reduce
potential risks to the health and safety of its shareholders,
employees and other stakeholders, Crew is asking registered and
beneficial shareholders alike to cast their votes in advance of the
Meeting and to remain at home and NOT attend the Meeting in person.
Attendance in person is expected to be restricted to essential
personnel only and registered shareholders and proxyholders only if
restrictions allow. Guests will not be permitted and there will be
no presentation or reception following the formal portion of the
Meeting.
The Company reserves the right to refuse
admission to any registered shareholders or duly appointed
proxyholder seeking to attend the Meeting in person, but whose
attendance the Company believes would violate applicable public
health laws, restrictions, policies or emergency orders in place at
the time of the Meeting. Health and safety remain Crew's highest
priority. The Company will continue to monitor the ongoing COVID-19
pandemic and will be adhering to all federal and provincial
restrictions and recommendations in place regarding public
gatherings. Shareholders are invited to monitor Crew's website at
www.crewenergy.com for any updates and are encouraged to visit the
Crew website often where there is a wealth of information designed
to inform and educate shareholders and investors alike.
The details of all matters to be voted upon by
Crew shareholders at the Meeting including, without limitation,
information in respect of the nominee directors standing for
election to the Board of Directors of the Company (the
"Board"), are described in the Company's
Information Circular and Proxy Statement dated April 16, 2021 (the
"Circular") which has been filed on SEDAR and is
available on the Company's website. The Board also wishes to take
this opportunity, following shareholder inquiry, to reaffirm that
Mr. Ryan Shay, along with all of the other Board nominees named in
the Circular, will continue to stand for election to Crew's Board
at the Meeting. Mr. Shay has been a director of Crew since May of
2018 and is also a director of Perpetual Energy Inc. since October
of 2017 and Journey Energy Inc. since May of 2017.
As recently publicly announced, in addition to
his directorship with Perpetual, Mr. Shay was appointed as
Vice-President Finance and CFO of Perpetual effective May 4, 2021.
While he was not formally appointed to his office as Vice President
and CFO of Perpetual until May 4, 2021, Mr. Shay commenced
employment with Perpetual on February 1, 2021 to assist in a
financial capacity and to effect an orderly transition. Mr. Shay
has also confirmed he will not be standing for re-election to the
board of directors of Journey Energy Inc. at their upcoming annual
meeting. The Board of Crew congratulates Mr. Shay on his
appointment and following Mr. Shay's assurances that, among other
matters, he is dedicated to continue to commit the necessary
resources and time to Crew, the Board determined and remains
satisfied that Mr. Shay will continue to meet Crew's highest
standards of integrity, including the due exercise of his director
duties of loyalty and good faith to Crew and all its stakeholders.
Accordingly, the Board reaffirms its recommendation that
shareholders vote in favour of Mr. Shay's re-appointment to the
Board at the Meeting, along with all of the other nominees named in
the Circular.
FOR DETAILED INFORMATION, PLEASE
CONTACT:
Dale Shwed, President and CEO |
Phone: (403) 266-2088Email: investor@crewenergy.com |
John Leach, Executive Vice President and CFO |
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