Bankers reports outcome of Annual and Special Meeting of shareholders

About this update from Big Banc Split Corp. Class A

[{"type":"text","content":"\n\n\n\nCALGARY, June 30 /CNW/ - Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) is\npleased to announce that shareholders approved all of the motions described in\nthe management information circular dated May 27, 2008 at the Annual General\nand Special Meeting held June 27, 2008. In addition to electing the proposed\nslate of directors for the ensuing year, Bankers' shareholders approved: (a)\nthe continuation of Bankers' Stock Option Plan and the unallocated\nentitlements there under; (b) the plan of arrangement pursuant to which\nBankers will spin off its U.S. operations and assets as a new public company\ncalled BNK Petroleum Inc. (the "Plan of Arrangement"); and (c) the subsequent\nconsolidation of Bankers' shares on a one (1) new post-consolidation Bankers\nShare for every three (3) pre-consolidation Bankers Shares (the\n"Post-Arrangement Share Consolidation").\n\n\nWith respect to the Plan of Arrangement and the Post-Arrangement Share\nConsolidation, over 99.9% of shareholders voted in favour of all voting\nshareholders. The record date for the Plan of Arrangement is yet to be\ndetermined and will be announced shortly.\n\n\nA complete summary of the voting results is available at www.sedar.com.\n\n\nAbout Bankers Petroleum Ltd.\n\n\nBankers Petroleum Ltd. is a Canadian-based oil and gas exploration and\nproduction company focused on developing large oil and gas reserves. In\nAlbania, Bankers operates and has the full rights to develop the Patos-Marinza\nheavy oil field and has a 50% interest in the Kucova oil field. It also holds\nan average 50% interest in the Tishomingo gas field in Oklahoma and varied\ninterests in three other areas in the Northern and Central regions of the\nUnited States, where it is currently pursuing the exploration, development and\nproduction of shale and tight sand gas plays. Bankers' shares are traded on\nthe Toronto Stock Exchange and the AIM Market in London, England under the\nstock symbol BNK.\n\n\n","length":2024,"tagName":"div"}]

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