CGX Energy Inc. - Annual and Special Meeting Voting Results

TORONTO, June 26, 2014 /CNW/ - CGX Energy Inc.'s (TSX-V - OYL) ("CGX Energy" or the "Company") annual and special meeting of shareholders was held on Wednesday June 25, 2014, where each of the eight nominees proposed as directors and listed on the Company's management proxy circular dated May 16, 2014 were elected as directors. The directors achieved an average approval vote of 98.59% from shareholders. The detailed results of the vote are set out below:

Nominee

Outcome of vote

Voted

Voted (%)

José Francisco Arata

 

Approved

53,713,490 Voted

976,283 Withheld

98.21%
1.79%

John Cullen

Approved

54,660,908 Voted

28,865 Withheld

99.95%
0.05%

Serafino Iacono

Approved

52,142,822 Voted

2,546,951 Withheld

95.34%
4.66%

Dennis Mills

Approved

54,672,327 Voted

17,446 Withheld

99.97%
0.03%

Suresh Narine

Approved

54,665,527 Voted

24,196 Withheld

99.96%
0.04%

Marino Ostos

Approved

54,673,627 Voted

16,146 Withheld

99.97%
0.03%

Ronald Pantin

Approved

52,139,303 Voted

2,550,470 Withheld

95.34%
4.66%

Dennis Pieters

Approved

54,672,327 Voted

17,446 Withheld

99.97%
0.03%

About CGX Energy

CGX Energy is a Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname Basin.

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

Forward-Looking Statements:
This news release contains forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur in the future. These forward-looking statements are based on certain key expectations and assumptions made by CGX Energy. CGX Energy believes the expectations and assumptions on which it develops forward-looking statements are reasonable; however, undue reliance should not be placed on forward-looking statements as there can be no assurance they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. In addition, other risks that may affect the forward-looking statements in this news release are outlined further in the Company's Annual Information Form dated March 5, 2014 filed on SEDAR at www.sedar.com.

The forward-looking statements contained in this news release are made as of the date hereof and CGX Energy undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

SOURCE CGX Energy Inc.

For further information: Michael Galego, General Counsel and Secretary at (416) 843-3858 or mgalego@cgxenergy.com