Business
Yangarra Announces Voting Results from the Annual and Special Meeting and Share Consolidation
CALGARY , May 27, 2014 /CNW/ - Yangarra Resources Ltd. (" Yangarra " or the " Corpor...
About this update from Yangarra Resources Ltd.
[{"type":"text","content":"\n\n\nCALGARY, May 27, 2014 /CNW/ - Yangarra Resources Ltd. (\"Yangarra\" or the \"Corporation\") (TSXV:YGR) announces the voting results from its Annual and Special\n Meeting of shareholders held today in Calgary, Alberta (the \"Meeting\").\n Each of the matters voted on at the Meeting is outlined in the\n Information Circular dated April 22, 2014 and is available on the\n Corporation's website at www.yangarra.ca and on SEDAR at www.sedar.com.\n\n\nA total of 78,006,901 Common Shares representing 52.73 percent of the\n Corporation's issued and outstanding shares as at the record date of\n April 22, 2014 were voted. The voting results for each matter presented\n at the Meeting are below:\n\n\nFixing Number of Directors \n\n\nA resolution asking shareholders to fix the number of directors to be\n elected at five was approved with 98.50 percent of votes cast in\n favour.\n\n\nElection of Directors \n\n\nThe following five nominees were appointed as directors of Yangarra to\n serve until the next annual meeting of shareholders or until their\n successors are elected or appointed:\n\n\n\n\n\n\n\nNominee\n\n\nPercentage of Votes in Favour\n\n\n\n\nJames G. Evaskevich\n\n\n94.59\n\n\n\n\nGordon A. Bowerman\n\n\n99.98\n\n\n\n\nRobert D. Weir\n\n\n99.46\n\n\n\n\nFrederick L. Morton\n\n\n99.30\n\n\n\n\nNeil M. MacKenzie\n\n\n99.30\n\n\n\n\n\n\n\nAppointment of Auditors \n\n\nThe appointment of KPMG LLP, Chartered Accountants, to serve as the\n Auditors of the Corporation until the close of the next annual meeting,\n at remuneration to be fixed by the directors was approved with 99.99\n percent of votes cast in favour.\n\n\nAnnual Approval of Stock Option Plan \n\n\nThe resolution relating to the annual approval of the stock option plan\n was approved with 78.97 percent of votes cast in favour.\n\n\nApproval of Share Consolidation \n\n\nThe special resolution consolidating the issued and outstanding Shares\n of the Corporation on the basis of three (3) old Common Shares for one\n (1) new Common Share was approved with 85.81 percent of votes cast in\n favour.\n\n\nYangarra expects its Common Shares to begin trading on a consolidated\n basis on May 30, 2014 under the same stock symbol.\n\n\nApproval of Advance notice by-law \n\n\nThe ordinary resolution to confirm and ratify the Advance Notice By-law\n of the Corporation was approved with 8...