Dissident group is rejected
TSX-V Trade Symbol: WEL
WINNIPEG, April 26 /CNW/ - Wildcat Exploration Ltd. announced today that the Company's shareholders have voted strongly in support of the management nominees to the Board of Directors and rejected the nominees proposed by dissident shareholders. The vote took place at a Special Meeting of Wildcat shareholders this morning in Winnipeg.
Approximately 63% of the shares voted at the meeting supported the election of current directors Joseph Baylis, Robert Dzisiak, Denis G. Fillion and Jerrold Siemens, the Company's Chairman and Interim Chief Executive Officer.
The Special Meeting of shareholders was called as a result of a requisition by a small group of dissident shareholders led by Shlomo Prizant, the former President and CEO of Wildcat.
"We thank Wildcat shareholders for their continued support," said Mr. Siemens. "The Board regrets the time and expense that this exercise consumed. However, with this behind us and with the support of our shareholders, we will continue to focus our energy toward executing Wildcat's strategic plan and maximizing shareholder value."
At the Special Meeting and through proxy forms, Wildcat shareholders voted to:
- Re-elect Joseph Baylis, Robert Dzisiak, Denis G. Fillion and Jerrold
Siemens, to the Board of Directors;
- Appoint BDO Dunwoody LLP, Chartered Accountants, as Wildcat's
auditors and authorized the Directors to fix their remuneration;
- Amend section 4.09 of by-law No. l of the Company to permit Directors
of the Company to participate in meetings of the Board or committees
of the Board by means of telephone or such other communications
facilities as permit all persons participating in the meeting to hear
one another.
About Wildcat Exploration Ltd.
Wildcat is a Winnipeg-based mineral exploration company actively exploring for gold and base metals in Canada. For further information on the company, please visit our website at www.wildcat.ca or contact us at info@wildcat.ca.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
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