Jericho Oil Announces Results of Annual General Meeting
June 28 2018 - 12:36PM
Jericho Oil Corporation (“Jericho”) (TSX-V:JCO) (OTC PINK:JROOF) is
pleased to report the results of its Annual General Meeting of
Shareholders (the “AGM”) held on June 27, 2018.
At the AGM, shareholders in person or by proxy representing
82.03% of the outstanding common shares of the Company, voted
(≥99.91% For) to elect incumbent directors Brian Williamson, Allen
Wilson, Nicholas Baxter and Markus Seywerd.
Additionally, all other proposed resolutions were overwhelmingly
approved by shareholders (≥99.88% For), including the appointment
of the auditors for the ensuing financial year as well as the
ratification and approval of the Corporation’s 10% rolling stock
option plan.
About Jericho Oil Corporation Jericho Oil
(www.jerichooil.com) is focused on domestic, liquids-rich
unconventional resource plays, located primarily in the Anadarko
basin STACK play of Oklahoma. Jericho’s primary business
objective is driving long-term shareholder value through the growth
of oil and gas production, cash flow and reserves. Jericho
has assembled a 55,000 net acre position across Oklahoma, including
an interest in ~16,000 net acres in the STACK play. Jericho’s
current operations are focused on the oil-prone Meramec and Osage
formations in the STACK. The Jericho team applies advanced
engineering analyses and enhanced geological techniques to
under-developed resource areas. Based in Vancouver, British
Columbia, with operational headquarters in Tulsa, Oklahoma, Jericho
trades publicly on the TSX-Venture (JCO) and OTC (JROOF). Jericho
participates in the STACK JV through one or more wholly owned
subsidiaries. Cautionary Note Regarding Forward-Looking Statements:
This news release includes certain "forward-looking statements"
within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and Canadian securities laws. There
can be no assurance that such statements will prove to be accurate
and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could
cause actual events and results to differ materially from Jericho's
expectations include risks related to the exploration stage of
Jericho's project; market fluctuations in prices for securities of
exploration stage companies; and uncertainties about the
availability of additional financing. 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.
CONTACTS: Tony Blancato, Director, Investor Relations
or
Adam Rabiner, Director, Corporate
Communications1.800.750.3520investorrelations@jerichooil.com
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