• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Pine Cliff Energy Ltd. announces results of shareholders’ meeting, annual stock option grant and new chairman of the board

May 16, 20232:48 PM Newsfile

Calgary, Alberta – Pine Cliff Energy Ltd. (TSX: PNE) (“Pine Cliff” or the “Company”) is pleased to announce all matters presented for approval at the Annual Meeting of the Shareholders on May 16, 2023 (the “Meeting”) have been approved. A total of 133,728,421 common shares representing 38.03% of Pine Cliff’s issued and outstanding common shares were voted in connection with the Meeting.

Each of the five nominees proposed by Pine Cliff and as set out in the Information Circular – Proxy Statement provided to shareholders in connection with the Meeting were duly elected as directors. Each of the nominees was elected as shown below:

Name of Nominee Voted For Percent Votes Withheld Percent
Calvin B. Jacober 115,373,821 89.98% 12,853,212 10.02%
Robert B. Fryk 115,253,798 89.88% 12,973,235 10.12%
Philip B. Hodge 128,147,229 99.94% 79,804 0.06%
Jacqueline R. Ricci 115,248,552 89.88% 12,978,481 10.12%
William R. Rice 112,450,353 87.70% 15,776,680 12.30%

Deloitte LLP, Chartered Accountants, were appointed auditors of the Company for the ensuing year and the Board of Directors of Pine Cliff (the “Board“) were authorized to fix their remuneration. The complete report on the voting results for the Meeting is available under the Company’s profile at www.sedar.com.

The Board has approved an annual stock option grant of an aggregate of 9,386,180 stock options to its directors, officers and employees. The stock options vest between one to three years, have an exercise price of $1.30 per share and will expire between May 16, 2025, and May 16, 2027.

Mr. William R. Rice has been appointed Chairman of the Board, following the decision by Mr. George Fink not to stand for re-election. The Board would like to thank Mr. Fink for his dedication and service to Pine Cliff and wish him continued success and enjoyment in his retirement.

About Pine Cliff

Pine Cliff is a natural gas and crude oil company with a long-term view of creating shareholder value. Further information relating to Pine Cliff may be found on www.sedar.com as well as on Pine Cliff’s website at www.pinecliffenergy.com.

For further information, please contact:
Philip B. Hodge – President and CEO
Alan MacDonald -CFO and Corporate Secretary
Telephone: (403) 269-2289
Fax: (403) 265-7488
Email: info@pinecliffenergy.com

Pine Cliff

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Discount on Western Canada Select widens
  • European Commission proposes Russian oil price cap 15% below global price
  • US oil/gas rig count down for 11th week to lowest since 2021, Baker Hughes says
  • Taiwan’s CPC Corp eyes US shale gas assets, sources say
  • Saudi Arabia complying fully with voluntary OPEC+ target, energy ministry says

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.