Zargon Oil & Gas Ltd. Report on Voting from the 2015 Shareholders Meeting
CALGARY, ALBERTA -- (Marketwired) -- 05/26/15 -- (TSX: ZAR)(TSX: ZAR.DB) Zargon Oil & Gas Ltd. ("Zargon" or the "Corporation") announces that the following matters were voted upon at the annual meeting of the shareholders of Zargon held on May 26, 2015 in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual Meeting of Shareholders and Information Circular dated April 14, 2015 (the "Circular").
1. Election of Directors
By resolution passed via ballot, the following six nominees were appointed as Directors of the Corporation to serve until the next annual meeting of shareholders of the Corporation, or until their successors are elected or appointed. The results of the ballot were as follows:
Votes Name of Nominee Votes For Percent Withheld Percent ---------------------------- ----------- ----------- ----------- ----------- K. James Harrison 10,085,904 99.22 79,768 0.78 Craig H. Hansen 10,099,217 99.35 66,455 0.65 Kyle D. Kitagawa 10,081,789 99.18 82,983 0.82 Geoffrey C. Merritt 10,030,889 98.68 133,883 1.32 Jim Peplinski 10,084,144 99.21 80,628 0.79 Grant A. Zawalsky 8,879,957 87.35 1,285,715 12.65 2. Appointment of Auditors
By resolution passed via ballot, Ernst & Young LLP, Chartered Accountants, were appointed as auditors of the Corporation to hold office until close of the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:
Votes Votes For Percent Withheld Percent ----------- ----------- ----------- ----------- 11,797,570 99.36 75,518 0.64
FURTHER INFORMATION
Zargon Oil & Gas Ltd. is a Calgary based oil and natural gas company working in the Western Canadian and Williston sedimentary basins and is focused on oil exploitation projects (waterfloods and recently tertiary ASP) that profitably increase oil production and recovery factors from existing oil reservoirs. Ultimately, these projects will provide a long-life low-decline oil production that will support many years of stable dividends.
In order to learn more about Zargon, we encourage you to visit Zargon's website at www.zargon.ca where you will find a current shareholder presentation, financial reports and historical news releases.
Contacts: Zargon Oil & Gas Ltd. C.H. Hansen President and Chief Executive Officer 403-264-9992 [email protected] J.N. Post Chief Financial Officer 403-264-9992 [email protected] www.zargon.ca
Source: Zargon Oil & Gas Ltd.
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