ShaMaran Announces Annual Meeting Voting Results
VANCOUVER, BC, June 22, 2023 - /CNW/ - ShaMaran Petroleum Corp. (TSX Venture and Nasdaq First North: SNM) (“ShaMaran Petroleum” or the “Company”) held its annual general and special meeting of shareholders in Vancouver, British Columbia today, and all resolutions were passed.
A total of 777,529,488 common shares were voted at the meeting, representing 27.56% of the votes attached to all the outstanding common shares of the Company. Shareholders voted as follows on the matters before the meeting:
Fixing the number of Directors
Shareholders fixed the number of directors at six (6) with 98.7% of shares represented at the meeting voting in favour.
Election of Directors
Shareholders elected the following six (6) 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:
| Nominee | For | % For | Withheld | % Withheld |
| Chris Bruijnzeels | 761,873,005 | 98.31% | 13,085,036 | 1.69% |
| Garrett Soden | 762,080,303 | 98.34% | 12,877,738 | 1.66% |
| Michael Ebsary | 761,822,038 | 98.30% | 13,136,003 | 1.70% |
| Keith C. Hill | 750,398,251 | 96.83% | 24,559,790 | 3.17% |
| William A.W. Lundin | 762,225,283 | 98.36% | 12,732,758 | 1.64% |
| Nick Walker | 761,693,126 | 98.29% | 13,264,915 | 1.71% |
Appointment of Auditors
Shareholders reappointed 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 99.93% of shares represented at the meeting voting in favour.
Approval of Stock Option Plan and its amendments
The Company’s incentive stock option plan and proposed amendments were approved by shareholders with 99.18% of shares represented at the meeting voting in favour.
Approval of amendments to Deferred Share Unit Plan
The Company’s proposed amendments to the Deferred Share Unit Plan were approved by shareholders with 97.99% of shares represented at the meeting voting in favour.
Important Information
This information was submitted for publication through the agency of the contact persons set out above on June 22, 2023, at 5:30 p.m. ET.
The Company’s certified advisor on Nasdaq First North Growth Market is Arctic Securities AS (Swedish branch), +46 844 68 6100, [email protected].
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.
