Pipestone Energy Corp. Announces Results of Shareholder Meeting Including Approval of the Preferred Share Financing
September 14 2020 - 6:03PM
(PIPE – TSX-V) Pipestone Energy Corp.
(“
Pipestone Energy” or the
“
Company”) announces that at the annual and
special meeting of the shareholders of Pipestone Energy (the
“
Shareholders”) held today at 2:30 p.m. (Calgary
time) in the McMurray Room at the Calgary Petroleum Club, 319 - 5th
Avenue S.W., Calgary, Alberta, the Shareholders approved each of
the amended and restated by-laws, the long-term incentive plan, and
employee share purchase plan of the Company. Additionally, the
Shareholders approved the proposed preferred share financing (the
“
Financing”) for expected proceeds to Pipestone
Energy of approximately $67 million, net of anticipated transaction
costs. The Financing is expected to close September 15, 2020.
Each of the incumbent directors of Pipestone
Energy, Gordon M. Ritchie, Garth Braun, William Lancaster, John
Rossall, Geeta Sankappanavar, Robert Tichio and Paul Wanklyn were
re-elected by the Shareholders present in person or by proxy. The
detailed results of the votes are set out below:
Director |
Votes for % |
Votes withheld % |
|
|
|
Gordon M. Ritchie |
99.93% |
0.07% |
Garth Braun |
99.89% |
0.11% |
William Lancaster |
99.96% |
0.04% |
John Rossall |
99.91% |
0.09% |
Geeta Sankappanavar |
99.94% |
0.06% |
Robert Tichio |
99.91% |
0.09% |
Paul Wanklyn |
99.94% |
0.06% |
Pipestone Energy Corp.
Pipestone Energy Corp. is an oil and gas
exploration and production company with its head office located in
Calgary, Alberta. The company is focused on developing its
pure-play condensate-rich Montney asset in the Pipestone area near
Grande Prairie. Pipestone Energy is committed to building long term
value for our shareholders and values the partnerships that it is
developing within its operating community. Pipestone Energy shares
trade under the symbol PIPE on the TSX Venture Exchange. For more
information, visit www.pipestonecorp.com.
Pipestone Energy Contacts:
Paul WanklynPresident and Chief Executive Officer(587)
392-8407paul.wanklyn@pipestonecorp.com |
Craig NieboerChief Financial Officer(587)
392-8408craig.nieboer@pipestonecorp.com |
Dan van KesselVP Corporate Development(587)
392-8414dan.vankessel@pipestonecorp.com |
|
TSX Venture Exchange
Disclaimer
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Pipestone Energy (TSXV:PIPE)
Historical Stock Chart
From Oct 2024 to Oct 2024
Pipestone Energy (TSXV:PIPE)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Pipestone Energy Corporation (TSX Venture Exchange): 0 recent articles
More News Articles