VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 30, 2015) – Dejour Energy Inc. (NYSE MKT:DEJ)(TSX:DEJ), an independent oil and natural gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, announces the results of its Annual and Special Meeting of Shareholders held on June 29, 2015 at the Company’s Vancouver office.
The following sets forth a brief description of each matter which was voted upon at the Meeting and the outcome of the vote:
| Description of Matter | Outcome of Vote |
Votes For |
Votes Against |
Votes Withheld |
||||
| 1. | Fix the number of directors to be elected at the Meeting at six (6). | Passed | 98.65 | % | 1.35 | % | 0.00 | % |
| 2. | To elect the following six (6) nominees to serve as directors of Dejour for the ensuing year, or until their successors are duly elected or appointed, subject to the provisions of the Business Corporations Act (B.C.) and by-laws of Dejour: | |||||||
| Robert Hodgkinson | Passed | 98.79 | % | 1.21 | % | 0.00 | % | |
| A Ross Gorrell | Passed | 96.46 | % | 3.54 | % | 0.00 | % | |
| Richard Kennedy | Passed | 96.46 | % | 3.54 | % | 0.00 | % | |
| Craig Sturrock | Passed | 96.49 | % | 3.51 | % | 0.00 | % | |
| Ronnie Bozzer | Passed | 98.68 | % | 1.32 | % | 0.00 | % | |
| James Dai | Passed | 98.78 | % | 1.22 | % | 0.00 | % | |
| 3. | To approve the re-appointment of BDO Canada LLP, Chartered Accountants, as auditors of Dejour to hold office until the next annual meeting or until their successors are appointed and to authorize the Board of Directors to fix their remuneration as such. | Passed | 99.97 | % | 0.03 | % | 0.00 | % |
| 4. | To approve the ordinary resolution on an up to “one (1) for five (5)” basis | Passed | 95.12 | % | 4.88 | % | 0.00 | % |
| 5. | To approve the renewal and amendment of the Stock Option Plan and US Sub-Plan | Passed | 94.24 | % | 5.76 | % | 0.00 | % |
Further, the Company received a letter from NYSE MKT LLC (“NYSE MKT” or the “Exchange”) on June 24, 2015 which states it is deemed to not be in compliance with continued listing standards due only to the Company’s recent low selling share price on the Exchange. Pursuant to Section 1003(f)(v) of the Exchange’s Company Guide, the Company’s continued listing is predicated on it effecting a reverse stock split of its Common Stock within a reasonable period of time. The Exchange has determined this reasonable time period should be no later than December 23, 2015.
At the Company’s Annual and Special Meeting of shareholders held on June 29, 2015, shareholders granted the Company’s Board the authority to effect a reverse split of the Company’s shares within the parameters contemplated above.
About Dejour
Dejour Energy Inc. is an independent oil and natural gas exploration and production company operating projects in North America’s Piceance Basin (39,998 net acres) and Peace River Arch regions (14,444 net acres). Dejour maintains offices in Vancouver and Calgary Canada. The company is publicly traded on the New York Stock Exchange Amex (NYSE MKT:DEJ) and Toronto Stock Exchange (TSX:DEJ).
The TSX does not accept responsibility for the adequacy or accuracy of this news release.
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Dejour Energy Inc.
Robert L. Hodgkinson
Chairman & CEO
604-638-5050
investor@dejour.com
Dejour Energy Inc.
Craig Allison
Investor Relations – New York
914-882-0960
callison@dejour.com