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Criterium Energy Ltd. Announces Results of Annual General and Special Meeting
Calgary, Alberta--(Newsfile Corp. - May 25, 2023) - Criterium Energy Ltd. (TSXV: CEQ) (" Criteriu...
About this update from Criterium Energy Ltd
[{"type":"text","content":"Criterium Energy Ltd. Announces Results of Annual General and Special MeetingCalgary, Alberta--(Newsfile Corp. - May 25, 2023) - Criterium Energy Ltd. (TSXV: CEQ) (\"Criterium\" or the \"Corporation\"), an independent upstream energy development and production company focused in Southeast Asia, is pleased to announce results from the Corporation's annual general and special meeting which took place May 24, 2023.HighlightsAll Directors have been re-elected to a one-year termAll shareholder resolutions have passedVotes totaling 41,028,727 common shares or 21.76% of the shares outstanding were proxiedElection of Directors DirectorForWithheldRobin Auld38,528,727 (93.9%)2,500,000 (6.1%)Datuk Brian Anderson38,528,727 (93.9%)2,500,000 (6.1%)David Dunlop41,028,727 (100%)0 (0%)Michéle Stanners 40,369,146 (99.6%)155,000 (0.4%) Share ConsolidationThe resolution authorizing a consolidation of up to ten for one of the existing common shares also passed with greater than 98% approval of votes cast. Criterium expects to carry out the consolidation by June 30, at a ratio to be determined prior to that date. The consolidation of shares will allow the exercise of existing warrants related to the September 26, 2022 private placement. Criterium would also like to remind legacy Softrock Minerals warrant holders that there are three weeks left to exercise their warrants which expire June 15, 2023 and have an exercise price of $0.05. The warrants were issued on June 7, 2018 and as of the date of this press release, approximately 7,446,781 remain outstanding. About Criterium Energy Ltd.Criterium Energy Ltd. is an upstream energy company focused on the acquisition and sustainable development of assets in Southeast Asia that are capable of scalable growth and cash generation. The Corporation focuses on maximizing total shareholder return by executing on three strategic pillars, namely (1) successful and sustainable reputation, (2) innovation and technology arbitrage, and (3) operational and safety excellence.For further information please visit our website (www.criteriumenergy.com) or contact:Robin AuldChief Executive OfficerCriterium Energy Ltd.Email: [email protected] KlukasChief Operating OfficerCriterium Energy Ltd.Email: [email protected] the TSXV nor its Regulation Services Provider (as that term is defined in ...