GRANITE OIL CORP. (“Granite” or the “Company”) (GXO.TO) (GXOCF) is pleased to announce the results from its 2018 annual general meeting of shareholders held on July 16, 2018 in Calgary, Alberta (the "Meeting"). Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated June 19, 2018, a copy of which is available on the Company's SEDAR profile at www.sedar.com. The voting results for each of the matters voted on by the shareholders at the Meeting are provided below.
1. Fixing the Number of Directors
The shareholders passed a resolution fixing the number of directors to be elected at the Meeting to seven. The vote in respect of this matter was carried out by ballot. The detailed results of voting are as follows.
# Votes For % Votes For
11,901,482 99.73%
# Votes Against % Votes Against
32,592 .27%
2. Election of Directors
All of the nominees named in the Company’s Management Information Circular were elected as directors of the Company. The vote in respect of this matter was carried out by ballot. The detailed results of voting are as follows.
Nominee # Votes For % Votes For # Votes Withheld % Votes Withheld
Kevin Andrus 11,538,605 96.69 395,469 3.31
Brendan Carrigy 11,587,317 97.09 346,757 2.91
Martin Cheyne 11,587,317 97.09 346,757 2.91
Henry Hamm 11,586,705 97.09 347,369 2.91
Michael Kabanuk 11,578,553 97.02 355,521 2.98
Bradley Porter 11,587,153 97.09 346,921 2.91
Kathy Turgeon 11,558,368 96.85 375,706 3.15
3. Reappointment of Auditor
The shareholders approved the reappointment of KPMG LLP, Chartered Accountants, as the auditors of the Company to hold office until the close of the next annual meeting of shareholders of the Company, at a remuneration to be fixed by the directors. The vote in respect of this matter was carried out by ballot. The detailed results of voting are as follows.
# Votes For % Votes For
14,736,232 98.78%
# Votes Withheld % Votes Withheld
181,660 1.22%