CALGARY, May 27, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSXV:YGR) announces the voting results from its Annual and Special
Meeting of shareholders held today in Calgary, Alberta (the "Meeting").
Each of the matters voted on at the Meeting is outlined in the
Information Circular dated April 22, 2014 and is available on the
Corporation's website at www.yangarra.ca and on SEDAR at www.sedar.com.
A total of 78,006,901 Common Shares representing 52.73 percent of the
Corporation's issued and outstanding shares as at the record date of
April 22, 2014 were voted. The voting results for each matter presented
at the Meeting are below:
Fixing Number of Directors
A resolution asking shareholders to fix the number of directors to be
elected at five was approved with 98.50 percent of votes cast in
Election of Directors
The following five nominees were appointed as directors of Yangarra to
serve until the next annual meeting of shareholders or until their
successors are elected or appointed:
Percentage of Votes in Favour
James G. Evaskevich
Gordon A. Bowerman
Robert D. Weir
Frederick L. Morton
Neil M. MacKenzie
Appointment of Auditors
The appointment of KPMG LLP, Chartered Accountants, to serve as the
Auditors of the Corporation until the close of the next annual meeting,
at remuneration to be fixed by the directors was approved with 99.99
percent of votes cast in favour.
Annual Approval of Stock Option Plan
The resolution relating to the annual approval of the stock option plan
was approved with 78.97 percent of votes cast in favour.
Approval of Share Consolidation
The special resolution consolidating the issued and outstanding Shares
of the Corporation on the basis of three (3) old Common Shares for one
(1) new Common Share was approved with 85.81 percent of votes cast in
Yangarra expects its Common Shares to begin trading on a consolidated
basis on May 30, 2014 under the same stock symbol.
Approval of Advance notice by-law
The ordinary resolution to confirm and ratify the Advance Notice By-law
of the Corporation was approved with 83.67 percent of votes cast in
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 and accuracy of this release.
SOURCE: Yangarra Resources Ltd.
For further information:
James Evaskevich, President and Chief Executive Officer at (403) 262-9558