Cardinal Energy Ltd. ("Cardinal" or the "Company") held its annual shareholders meeting (the "Meeting") today. A total of 52,335,561 votes representing 33.07% of the total votes entitled to vote at the Meeting, were voted in connection with the matters considered at the Meeting.
Full results for all resolutions are set forth below.
1. Fixing number of Directors
By ordinary resolution passed via ballot, the number of directors to be elected at the Meeting was fixed at five members. The results of the ballot were as follows:
2. Election of Directors
By ordinary resolution passed via ballot, all of the nominees proposed as directors were duly elected as directors of Cardinal to serve until the next annual meeting or until their successors are duly appointed or elected. The results of the ballot were as follows:
3. Appointment of Auditors
By ordinary resolution passed via ballot, KPMG LLP, Independent Registered Chartered Professional Accountants, were appointed as auditors of the Company until the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:
4. Advisory Vote on Executive Compensation
By ordinary resolution passed via ballot, the non-binding advisory resolution concerning Cardinal's approach to executive compensation was approved. The results of the ballot were as follows:
