Canacol Energy Ltd. Announces Meeting Results

CALGARY, ALBERTA -- (Marketwired) -- 04/29/16 -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX: CNE)(OTCQX: CNNEF)(BVC: CNEC) is pleased to announce that at the annual general and special meeting held in Bogota, Colombia on April 29, 2016 (the "Meeting") holders of common shares of Canacol: (i) re-elected Charle Gamba, Michael Hibberd, Stuart Hensman, David Winter, Gregory D. Elliot, Francisco Diaz Salazar, Alberto Jose Sosa Schlageter and Oswaldo Cisneros to the Board of Directors; (ii) re-appointed Deloitte LLP, as Canacol's auditors; and (iii) approved the restricted share unit plan of the Corporation and the unallocated restricted share units thereunder. Jason Bednar, the Corporation's recently appointed Chief Financial Officer, did not stand for re-election as a director at the Meeting.

The detailed results of the vote for the election of directors held at the Meeting are set out below:

                                                            Votes
Nominee                           Votes For      % For   Withheld % Withheld
----------------------------------------------------------------------------
Charle Gamba                     47,327,653      88.17  6,351,804      11.83
Michael Hibberd                  45,079,962      83.98  8,599,495      16.02
Stuart Hensman                   46,956,251      87.48  6,723,206      12.52
David Winter                     53,503,651      99.67    175,806       0.33
Gregory D. Elliot                53,504,619      99.67    174,838       0.33
Francisco Diaz Salazar           53,327,603      99.34    351,854       0.66
Alberto Jose Sosa Schlageter     53,326,282      99.34    353,175       0.66
Oswaldo Cisneros                 53,418,597      99.51    260,860       0.49

Further disclosure on the matters approved at the Meeting can be found in the Management Information Circular dated March 24, 2016 and the Report of Voting Results for the Meeting available on SEDAR at www.sedar.com.

About Canacol

Canacol is an exploration and production company with operations focused in Colombia and Ecuador. The Corporation's common stock trades on the Toronto Stock Exchange, the OTCQX in the United States of America, and the Colombia Stock Exchange under ticker symbol CNE, CNNEF, and CNE.C, respectively.

Contacts:
Canacol Energy Ltd.
Investor Relations
214-235-4798
[email protected]
www.canacolenergy.com

Source: Canacol Energy Ltd.

You May Also Be Interested In

• Students from JA Greece Win 2024 De La Vega Global Entrepreneurship Award
• EquipmentShare Successfully Closes Upsized Offering of $600 Million Senior Secured Second Lien Notes Due 2032 and Receives Ratings Agency Upgrades
• Dogfish Head Expands Distribution of Spirits-Based RTD Cocktails to Western Canada