Business
Arrow Exploration Announces Proxy Tabulation and Shareholder Meeting Results
Calgary, Alberta--(Newsfile Corp. - June 3, 2021) - ARROW Exploration Corp. (TSXV: AXL) ("Arro...
About this update from Arrow Exploration Corp.
[{"type":"text","content":"Arrow Exploration Announces Proxy Tabulation and Shareholder Meeting ResultsCalgary, Alberta--(Newsfile Corp. - June 3, 2021) - ARROW Exploration Corp. (TSXV: AXL) (\"Arrow\" or the \"Company\") is pleased to report the proxy tabulation (\"Tabulation\") from Computershare Trust in connection with it its Annual General and Special Meeting held virtually on June 3rd, 2021 (the \"Meeting\"), as well as results from the Meeting.The Tabulation is the final sum of the voting results of the Meeting and is the result of all the properly submitted proxies by shareholders in advance of the proxy cut off time.The Tabulation results are as follows: MOTIONS NUMBER OF SHARES PERCENTAGE OF VOTES CAST FOR AGAINST WITHHELD/ABSTAIN SPOILED NON VOTE FOR AGAINST WITHHELD/ABSTAIN Number of Directors 24,870,057 7,340,585 0 0 0 77.21% 22.79% 0.00% G. Marshall Abbott 24,873,728 0 7,336,914 0 0 77.22% 0.00% 22.78% Grant F. Carnie 24,856,069 0 7,354,573 0 0 77.17% 0.00% 22.83% Gage Jull 24,640,839 0 7,569,803 0 0 76.50% 0.00% 23.50% Maria Charash Koundina 30,799,045 0 1,411,597 0 0 95.62% 0.00% 4.38% Ravi Sharma 24,854,761 0 7,355,881 0 0 77.16% 0.00% 22.84% Anthony Zaidi 24,655,365 0 7,555,277 0 0 76.54% 0.00% 23.46% Appointment of Auditors 28,675,343 0 3,535,299 0 0 89.02% 0.00% 10.98% Re-approval of Stock Option Plan 24,423,886 7,786,756 0 0 0 75.83% 24.17% 0.00% Amendment and Restatement of by-laws 30,611,360 1,599,282 0 0 0 95.03% 4.97% 0.00% Other Business 24,639,452 7,571,190 0 0 0 76.49% 23.51% 0.00% At the Meeting, holders of common shares of Arrow: (i) received the financial statements and the auditor's report for each of the years ended December 31st, 2019 and December 31st, 2020; (ii) fixed the number of directors to be elected at the Meeting at six; (iii) elected Gage Jull, G. Marshall Abbott, Maria Charash Koundina, Grant F. Carnie, Ravi Sharma and Anthony Zaidi to the Board of Directors; (iv) re-appointed Deloitte LLP as Arrow's auditors; (v) approved the Company's stock option plan; and (vi) approved the amendment and restatement of the Company's by-laws to satisfy certain AIM listing requirements.Gage Jull has been re-appointed as Chairman of the Board of Directors.Messrs. Tim de Freitas, Brian Hearst, and Gustavo Antonio Dajer Barguil did not stand for re-election at the Meeting. Arrow and its Board wishes to extend its appreciation for...