CALGARY, ALBERTA–(Marketwired – July 20, 2016) – Rock Energy Inc. (“Rock“) (TSX:RE) is pleased to announce that at its annual and special meeting of shareholders (the “Meeting“) held earlier today, holders (“Rock Shareholders“) of common shares of Rock (“Rock Shares“) approved the previously announced plan of arrangement (the “Arrangement“) involving Raging River Exploration Inc. (“Raging River“), Rock and the Rock Shareholders.
A total of 19,524,905 Rock Shares (approximately 41% of the issued and outstanding Rock Shares) were represented at the Meeting in person or by proxy. The Arrangement was approved by 97.22% of the votes cast by Rock Shareholders, either in person or by proxy at the Meeting, and by 96.95% of the votes cast by Rock Shareholders, either in person or by proxy at the Meeting, after excluding the votes cast by an officer of Rock in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.
Rock is also pleased to announce that it has received the final approval of the Court of Queen’s Bench of Alberta of the Arrangement and closing of the Arrangement is expected to occur on July 21, 2016.
At the Meeting, Rock Shareholders also approved, among other annual matters, the election of five nominees of Rock as directors of Rock, with Rock Shares represented at the Meeting voting by way of ballot in favour and withheld from voting for each of the individual nominees as follows:
Name | Votes For | Votes Withheld |
Allen J. Bey | 19,216,000 (98.42%) | 308,905 (1.58%) |
Stuart G. Clark | 18,757,964 (96.07%) | 766,941 (3.93%) |
Robert A. Maitland | 18,747,919 (96.02%) | 776,986 (3.98%) |
Frank G. Walsh | 18,757,964 (96.07%) | 766,941 (3.93%) |
Richard J.S. Wigington | 18,800,465 (96.29%) | 724,440 (3,71%) |
If the Arrangement is completed as planned, such individuals intend to resign as directors of Rock at closing of the Arrangement. If the Arrangement is not completed, such individuals will hold office until the next annual meeting of Rock Shareholders or until their successors are duly elected or appointed.