HONG KONG, CHINA–(Marketwired – Dec. 11, 2015) –
NOT FOR DISTRIBUTION TO U.S. NEWS WIRES SERVICES, OR DISSEMINATION IN THE UNITED STATES.
Primeline Energy Holdings Inc. (“Primeline” or the “Company“) (TSX VENTURE:PEH) today announced the results of its Annual General Meeting (the “AGM”) held on December 10, in Toronto, Ontario, Canada.
All resolutions proposed were passed. The AGM approved the Company’s audited financial statements, Management Discussion and Analysis for the year ending March 31, 2015. The shareholders re-appointed PricewaterhouseCoopers LLP as auditors of the Company, and approved the Company’s 2014 Stock Option Plan. Mr. Y. Cao did not stand for director re-election. The number of directors was set at seven. Management’s nominees named in the information circular, being Victor Hwang, Dr. Ming Wang, Brian Chan, Alan Johnson, Peter Kelty, Vincent Lien and Tim Baldwin, were each elected directors.
About Primeline Energy Holdings Inc.
Primeline is an exploration and production company focusing exclusively on China natural resources to become a major supplier of gas and oil to the East China market. Primeline has a 100% Contractor’s interest in, and is the operator of, the petroleum contract with CNOOC for Block 33/07 (5,877sq km) and a 49% interest in the producing LS36-1 gas field in Block 25/34, together with CNOOC (51% interest and acting as Operator). Both blocks are located in the East China Sea. LS36-1 has been in production since July 2014. Shares of Primeline are listed for trading on the TSX Venture Exchange under the symbol PEH.
ON BEHALF OF PRIMELINE ENERGY HOLDINGS INC.
Ming Wang, Chief Executive Officer
Some of the statements in this news release contain forward-looking information, which involves inherent risk and uncertainty affecting the business of Primeline. Although these statements are based on assumptions management believes to be reasonable, actual results may vary from those anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Primeline Energy Holdings Inc.
Dr. Ming Wang
+44 207.499.2288 (FAX)
Toll Free: +1 877.818.0688
CHF Investor Relations
Toll Free: +1.877.838.1079
VSA Capital Limited
Head of Corporate Finance