CALGARY, Alberta, June 27, 2018 (GLOBE NEWSWIRE) — Raging River Exploration Inc. (the “Company” or “Raging River“) (TSX:RRX) announces that all matters presented for approval at the annual and special meeting of the shareholders of Raging River held June 27, 2018 in Calgary, Alberta (the “Meeting“) have been fully authorized and approved.
The seven (7) nominees were elected as directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed. The vote was passed by way of ballot and each of the directors received the following votes for their election:
|Gary Bugeaud||174,338,755 (94.25%)|
|George Fink||155,318,439 (83.97%)|
|Raymond Mack||184,938,002 (99.98%)|
|Kevin Olson||184,905,880 (99.97%)|
|David Pearce||182,893,980 (98.88%)|
|Neil Roszell||176,198,214 (95.26%)|
|Bruce Beynon||180,183,107 (97.41%)|
In addition to the election of directors, a non-binding advisory resolution concerning Raging River’s approach to executive compensation was voted on by ballot with over 95% of the votes cast in support of the Company’s approach to executive compensation.
An ordinary resolution approving amendments to the Company’s by-laws was also approved. The amendments changed the governing voting powers provided in the by-laws such that the Chair of the board of directors will no longer have a second or casting vote in the event of an equality of votes at any meeting of the board of directors or shareholders of the Company and also increased the quorum requirements for meetings of shareholders of the Company from 5% to 25%. The voting on this resolution was conducted by show of hands.
KPMG LLP, Chartered Professional Accountants, was appointed as auditors of the Company to hold office until the next annual meeting, and the directors were authorized to fix their remuneration. The voting on this resolution was conducted by show of hands.
CONTACT: FOR FURTHER INFORMATION PLEASE CONTACT: RAGING RIVER EXPLORATION INC. Mr. Neil Roszell Executive Chairman and Chief Executive Officer Tel: 403-767-1250; Fax: 403-387-2951 RIVER EXPLORATION INC. Mr. Jerry Sapieha, CA Vice President, Finance and Chief Financial Officer Tel: 403-767-1265; Fax: 403-387-2951