Orca Announces Results of the Annual Meeting of Shareholders
TORTOLA, British Virgin Islands, June 21, 2023 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. ("Orca" or the "Company") (TSX-V: ORC.A, ORC.B) is pleased to announce the voting results from its annual meeting of shareholders held on June 21, 2023 (the "Meeting"). The results for each of the resolutions set forth in the Company's management proxy circular dated May 18, 2023 are set forth below:
1. Fixing the Number of Directors
By ordinary resolution passed via ballot, the number of directors to be elected at the Meeting was fixed at five members. The results of the ballot were as follows:
| Percentage of Votes Cast at the Meeting (%) | ||||||
| Class | For | Against | ||||
| A | 100.00% | 0.00% | ||||
| B | 99.94% | 0.06% | ||||
2. Election of Directors
By ordinary resolution passed via ballot, all of the nominees proposed as directors were duly elected as directors of Orca to serve until the next annual meeting or until their successors are duly appointed or elected. The results of the ballot were as follows:
| Percentage of Votes Cast at the Meeting (%) | ||||||
| Name of Nominee | Class | For | Withheld | |||
| David Ross | A B | 100.00% 99.59% | 0.00% 0.41% | |||
| Jay Lyons | A B | 100.00% 96.22% | 0.00% 3.78% | |||
| Linda Beal | A B | 100.00% 99.72% | 0.00% 0.28% | |||
| Dr. Frannie Léautier | A B | 100.00% 99.72% | 0.00% 0.28% | |||
| Lisa Mitchell | A B | 100.00% 96.22% | 0.00% 3.78% | |||
3. Appointment of Auditors
By ordinary resolution passed via ballot, KPMG LLP, Chartered Professional Accountants, were appointed as auditors of the Company until the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:
| Percentage of Votes Cast at the Meeting (%) | ||||||||
| Class | For | Withheld | ||||||
| A | 100.00% | 0.00% | ||||||
| B | 99.76% | 0.24% | ||||||
About Orca Energy Group Inc.
Orca is an international public company engaged in natural gas exploration, development and supply in Tanzania through its subsidiary PanAfrican Energy Tanzania Limited. Orca trades on the TSX Venture Exchange under the trading symbols ORC.A and ORC.B.
For further information please contact:
Jay Lyons
[email protected]
+44-20 8434 2643
Lisa Mitchell
[email protected]
+44-20 8434 2643
For media enquiries:
Celicourt (PR)
Mark Antelme
Jimmy Lea
[email protected]
+44-20 8434 2643
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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