CALGARY, Alberta, June 27, 2019 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTC QB: NSFDF) is pleased to provide the voting results from its Annual Meeting of Shareholder held on June 25, 2019.
Shareholders voted on and approved the following proposals:
Further details of the foregoing proposals are set out in the Company's Information Circular dated May 10, 2019. This document is posted on the Company's website and filed on www.sedar.com.
The specific voting results were as follows:
|Resolution||Votes For||% of Votes For||Votes Withheld/ Against||% of Votes Withheld/ Against|
|Set the number of directors at five (5)||Carried|
|Election of George Liszicasz as director||34,454,448||93.09%||2,557,814||6.91%|
|Election of Charles Selby as director||32,771,160||88.54%||4,241,102||11.46%|
|Election of John Tilson as director||33,345,797||90.09%||3,666,465||9.91%|
|Election of Thomas E. Valentine as director||33,000,133||89.16%||4,012,129||10.84%|
|Election of Bruce G. Wilcox as director||33,372,797||90.17%||3,639,465||9.83%|
|Appointment of KPMG LLP as the auditors of the Company||Carried|
|Extension of Warrants||24,755,967||92.55%||1,991,349||7.45%|
|Deferred Share Unit Plan||34,831,510||94.11%||2,180,752||5.89%|
The annual presentation to shareholders will shortly be available on our website at www.nxtenergy.com.
About NXT Energy Solutions Inc.
NXT Energy Solutions Inc. is a Calgary-based technology company whose proprietary SFD® survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used both onshore and offshore to remotely identify areas with exploration potential for traps and reservoirs. The SFD® survey system enables our clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain and is the registered trademark of NXT Energy Solutions Inc. NXT Energy Solutions Inc. provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.
For investor and media inquiries please contact:
|Eugene Woychyshyn||Mr. George Liszicasz|
|Corporate Controller & Interim CFO||President & CEO|
|+1 403 206 0805||+1-403-206-0800|