HOUSTON, Sept. 12, 2016 /CNW/ - Hunter Oil
Corp. (TSX-V: HOC; OTCQX: HOILD; CUSIP 44570P20; ISIN
CA44570P2017) (the "Company") announces the results of its
annual general and special meeting (the "AGM") held in Vancouver, British Columbia on September 12, 2016.
A total of 6,958,322 common shares were cast at the AGM,
representing 86.2% of the votes attached to all outstanding shares
as at the record date for the meeting. Shareholders voted in favour
of all items of business before the meeting, including the
re-election of all five incumbent director nominees as follows:
|
Name of
Director
|
Voted
For
|
Withhold
Vote
|
|
Number of Shares
*
|
%
|
Number of Shares
*
|
%
|
|
Andrew
Hromyk
|
6,543,997
|
97.77
|
149,288
|
2.23
|
|
Al Denson
|
6,544,054
|
97.77
|
149,231
|
2.23
|
|
Konstantino
Ghertsos
|
6,544,434
|
97.78
|
148,851
|
2.22
|
|
Srinivas
Polishetty
|
6,542,584
|
97.75
|
150,701
|
2.25
|
|
Mark
Strawn
|
6,544,138
|
97.77
|
149,147
|
2.23
|
* Number of common shares shown on a post-consolidation
basis
The Company's shareholders voted to pass ordinary resolutions
approving the following matters:
- Appoint Hein & Associates LLP, as the Company's auditor and
authorize the directors to fix the remuneration of the auditor,
with 6,944,689 (99.81%) total votes cast "For" and 13,007 (0.19%)
total votes "Withheld".
- Ratify and approval renewal of the 10% "rolling" Stock Option
Plan of the Company, with 6,528,996 (97.55%) total votes cast "For"
and 164,289 (2.45%) total votes "Against".
- Approval of the Company's Restricted Share Unit Plan, subject
to approval of the TSX Venture Exchange, with 4,454,219 (96.35%)
total votes cast "For" and 168,666 (3.65%) total votes
"Against".
About Hunter Oil Corp.
Hunter Oil Corp. owns and operates two large historic oil fields
in New Mexico, the Milnesand and Chavaroo oil fields. Recorded
production of these two fields is in excess of 37 million barrels,
representing approximately 10% of the oil in place. The Company
plans to unlock the value in these resource-rich fields by
increasing the efficiency of its operations, and by applying new
and proven unconventional production technologies.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrew
Hromyk
President and CEO
+1 (832)
485-8500
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE
Cautionary Statement Regarding Forward-Looking
Information
Except for statements of historical fact, this news release
contains certain "forward-looking information" within the meaning
of applicable securities law. Forward-looking information is
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate", "will",
"could" and other similar words, or statements that certain events
or conditions "may" or "could" occur. Such forward-looking
information is based on a number of assumptions and subject to a
variety of risks and uncertainties, including but not limited to
those discussed in the sections entitled "Forward-Looking
Statements" in the interim and annual Management's Discussion and
Analysis which are available at www.sedar.com. While our management
believes that the assumptions made are reasonable, should one or
more of the risks, uncertainties or other factors materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those described in forward-looking
information. Forward-looking information herein, and all subsequent
written and oral forward-looking information are based on estimates
and opinions of management on the dates they are made and are
expressly qualified in their entirety by this cautionary statement.
Except as required by law, the Company assumes no obligation to
update forward-looking information should circumstances or
management's estimates or opinions change.
SOURCE Hunter Oil Corp.