CALGARY, May 13, 2016 /CNW/ – Northern Blizzard Resources Inc. (“Northern Blizzard”) (TSX: NBZ) announces that all resolutions were approved at its Annual and Special Meeting of Shareholders held on May 12, 2016.
During the business proceedings at the meeting, Northern Blizzard's shareholders approved the resolutions below.
1. Election of Directors
The nine nominees proposed as directors and listed in its Information Circular dated March 31, 2016, were elected as directors of Northern Blizzard. The voting results are as follows:
|
Votes For |
Votes Withheld |
|||||||
|
Nominee |
Number |
Percentage |
Number |
Percentage |
||||
|
John Rooney |
98,129,689 |
99.91% |
87,373 |
0.09% |
||||
|
Jim Artindale |
98,043,833 |
99.82% |
173,229 |
0.18% |
||||
|
Ian Bruce |
98,175,801 |
99.96% |
41,261 |
0.04% |
||||
|
Craig Glick |
98,010,887 |
99.79% |
206,175 |
0.21% |
||||
|
Harold (Hal) Kvisle |
98,170,751 |
99.95% |
46,311 |
0.05% |
||||
|
Doug Manner |
97,969,045 |
99.75% |
248,017 |
0.25% |
||||
|
Brian Minnehan |
98,154,251 |
99.94% |
62,811 |
0.06% |
||||
|
Robert Tichio |
98,171,251 |
99.95% |
45,811 |
0.05% |
||||
|
Olivia Wassenaar |
97,967,095 |
99.75% |
249,967 |
0.25% |
||||
2. Appointment of Auditors
The appointment of KPMG LLP as auditors of Northern Blizzard was approved, with 99.98% of the common shares represented at the meeting voting in favour of the resolution.
3. Reduction to Stated Capital
The reduction to the stated capital of the common shares of Northern Blizzard by $200 million was approved, with 99.97% of the common shares represented at the meeting voting in favour of the resolution.
Northern Blizzard
Northern Blizzard is a Calgary, Alberta based Canadian crude oil production and development company focused on maximizing oil recovery from its large-scale low viscosity heavy oil resource base. The corporation's operations, infrastructure and concentrated land position are focused in the Kerrobert and Lloydminster areas of Saskatchewan. Northern Blizzard's common shares trade on the Toronto Stock Exchange under the symbol NBZ.
SOURCE Northern Blizzard Resources Inc.
