CALGARY, ALBERTA–(Marketwired – July 4, 2017) – Eagle Energy Inc. (TSX:EGL) announced that dissident shareholders Kingsway Financial Services Inc. and Daniel Gundersen have commenced legal action against Eagle. The dissidents allege that Eagle’s 2017 annual meeting on June 27 was improperly conducted.
Eagle believes that the dissidents’ allegations are completely without merit. The meeting was conducted in an impartial manner that was lawful, proper and fair to Eagle shareholders, despite the dissidents’ repeated and inappropriate attempts to disrupt it. The result of the meeting was that Eagle’s incumbent directors were re-elected by Eagle shareholders. The dissidents lost the vote, were provided with evidence of that loss, yet persist in their attempts to discredit Eagle.
The court application is currently scheduled to be heard in Calgary at 11:00 a.m. on July 26, 2017.
About Eagle Energy Inc.
Eagle is an oil and gas corporation with shares listed for trading on the Toronto Stock Exchange under the symbol “EGL”.