ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (TSXV: SNM) (Nasdaq First North: SNM) held its annual general and special meeting of shareholders in Vancouver, British Columbia today, and all resolutions were passed.
Shareholders voted as follows on the matters before the meeting:
Fixing the number of Directors
Shareholders fixed the number of directors at five (5) with 99.65% of shares represented at the meeting voting in favour.
Re-election of Directors
Shareholders elected the following five (5) board members to serve on the Company’s board of directors until the next annual meeting of shareholders or until their successors are elected or appointed:
Chris Bruijnzeels
For: 635,280,137 99.70%
DIRECTOR Withheld: 1,924,072 0.30%
Garrett Soden
For: 635,251,615 99.69%
DIRECTOR Withheld: 1,952,594 0.31%
Michael Ebsary
For: 635,303,258 99.70%
DIRECTOR Withheld: 1,900,951 0.30%
Keith Hill
For: 633,446,356 99.41%
DIRECTOR Withheld: 3,757,853 0.59%
Willian Lundin
For: 633,098,692 99.36%
DIRECTOR Withheld: 4,105,517 0.64%
Appointment of Auditors
Shareholders appointed PricewaterhouseCoopers LLP as auditor of the Company for the upcoming year and authorized the directors of the Company to fix the remuneration of the auditor with 99.97% of shares represented at the meeting voting in favour.
Approval of Stock Option Plan
The Company’s incentive stock option plan was approved by shareholders with 99.84% of shares represented at the meeting voting in favour.
Approval of the Amendment to the Deferred Share Unit Plan
The Company’s amendment to the deferred unit plan was approved by shareholders with 99.84% of shares represented at the meeting voting in favour.
Important Information
ShaMaran is obliged to make this information public pursuant to the EU Market Abuse Regulation. This information was submitted for publication through the agency of the contact person set out below on June 23, 2025, at 5:30 p.m. Eastern Time.
The Company’s certified advisor on Nasdaq First North Growth Market is FNCA Sweden AB.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
