CALGARY,
May 27, 2014 /CNW/ - Yangarra
Resources Ltd. ("Yangarra" or the
"Corporation") (TSXV:YGR) announces the voting results from
its Annual and Special Meeting of shareholders held today in
Calgary, Alberta (the "Meeting").
Each of the matters voted on at the Meeting is outlined in the
Information Circular dated April 22,
2014 and is available on the Corporation's website at
www.yangarra.ca and on SEDAR at www.sedar.com.
A total of 78,006,901 Common Shares representing
52.73 percent of the Corporation's issued and outstanding shares as
at the record date of April 22, 2014
were voted. The voting results for each matter presented at the
Meeting are below:
Fixing Number of Directors
A resolution asking shareholders to fix the
number of directors to be elected at five was approved with 98.50
percent of votes cast in favour.
Election of Directors
The following five nominees were appointed as
directors of Yangarra to serve until the next annual meeting of
shareholders or until their successors are elected or
appointed:
| Nominee |
Percentage of Votes in Favour |
| James G. Evaskevich |
94.59 |
| Gordon A. Bowerman |
99.98 |
| Robert D. Weir |
99.46 |
| Frederick L. Morton |
99.30 |
| Neil M. MacKenzie |
99.30 |
Appointment of Auditors
The appointment of KPMG LLP, Chartered
Accountants, to serve as the Auditors of the Corporation until the
close of the next annual meeting, at remuneration to be fixed by
the directors was approved with 99.99 percent of votes cast in
favour.
Annual Approval of Stock Option Plan
The resolution relating to the annual approval
of the stock option plan was approved with 78.97 percent of votes
cast in favour.
Approval of Share Consolidation
The special resolution consolidating the issued
and outstanding Shares of the Corporation on the basis of three (3)
old Common Shares for one (1) new Common Share was approved with
85.81 percent of votes cast in favour.
Yangarra expects its Common Shares to begin
trading on a consolidated basis on May 30,
2014 under the same stock symbol.
Approval of Advance notice by-law
The ordinary resolution to confirm and ratify
the Advance Notice By-law of the Corporation was approved with
83.67 percent of votes cast in favour.
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the
Policies of the TSX Venture Exchange) accepts responsibility for
the adequacy and accuracy of this release.
SOURCE Yangarra Resources Ltd.