CALGARY, Alberta, April 19, 2018 (GLOBE NEWSWIRE) -- Kelt Exploration Ltd. (TSX:KEL) (“Kelt” or the “Company”)
is pleased to announce that all matters presented for approval at the Annual Meeting of Shareholders held April 18, 2018 have been
fully authorized and approved. A total of 113,455,276 common shares, representing 62.94% of the common shares, were
represented in person or by proxy at the meeting. A brief description of the matters voted upon and the outcome of the votes
is set forth below.
Fixing Number of Directors
By vote by way of a show of hands, an ordinary resolution to approve fixing the number of directors to be
elected at the meeting at six (6), was approved. Votes cast both in person and by proxy were as follows:
| Votes For |
% |
Against |
% |
| 108,571,858 |
97.84 |
2,400,458 |
2.16 |
Election of Directors
All of the nominees proposed as directors of the Company were duly elected as directors of the Company with
votes cast by the shareholders present in person or represented by proxy at the meeting by way of a ballot, as follows:
| |
Outcome of the Vote |
Votes For |
% |
Withheld |
% |
| Robert J. Dales |
Elected |
108,109,382 |
97.42 |
2,862,934 |
2.58 |
| Geraldine L. Greenall |
Elected |
110,729,193 |
99.78 |
243,123 |
0.22 |
| William C. Guinan |
Elected |
105,041,661 |
94.66 |
5,930,655 |
5.34 |
| Michael R. Shea |
Elected |
110,930,276 |
99.96 |
42,040 |
0.04 |
| Neil G. Sinclair |
Elected |
108,072,143 |
97.39 |
2,900,173 |
2.61 |
| David J. Wilson |
Elected |
110,939,173 |
99.97 |
33,143 |
0.03 |
Appointment of Auditor
By vote by way of a show of hands, an ordinary resolution to approve the appointment of PricewaterhouseCoopers
LLP, as the auditors of the Company, was approved. Votes cast both in person and by proxy were as follows:
| Votes For |
% |
Against |
% |
| 112,822,394 |
99.67 |
373,707 |
0.33 |
Additions to Board and Executive Team
The Board of Directors (the “Board”) of Kelt would like to thank its outgoing director, Mr. Eldon McIntyre, for
his leadership and valuable service to the Company over the past five years and to wish him the best during his retirement from the
Board. Kelt would also like to welcome Mr. Michael Shea upon his election as a director of the Company.
The Board is pleased to announce that Mr. David Gillis has joined the Kelt executive team as Vice President,
Finance. Mr. Gillis is a Chartered Professional Accountant and has over 14 years’ finance and accounting related experience in the
oil and gas industry including financial reporting, taxation, treasury and risk management.
About Kelt
Kelt is a Calgary, Alberta, Canada-based oil and gas company focused on exploration, development and production
of crude oil and natural gas resources, primarily in northwestern Alberta and northeastern British Columbia.
Additional Information
For further information, please contact:
Kelt Exploration Ltd., Suite 300, 311 – 6th Avenue SW, Calgary, Alberta, Canada T2P
3H2
David J. Wilson, President and Chief Executive Officer (403) 201-5340, or
Sadiq H. Lalani, Vice President and Chief Financial Officer (403) 215-5310.
Or visit our website at www.keltexploration.com.
