Annual and Special Meeting Voting Results

(TSX-V | OYL)

TORONTO, June 24, 2015 /CNW/ - CGX Energy Inc.'s (TSX-V - OYL) ("CGX Energy" or the "Company") annual and special meeting of shareholders was held on Wednesday June 24, 2015, where each of the eight nominees proposed as directors pursuant to the Company's management proxy circular dated May 13, 2015 were elected as directors.  The directors achieved an average approval vote of 97.8% from shareholders. The detailed results of the vote are set out below:

Nominee

Outcome of vote

Voted

Voted (%)

José Francisco Arata

 

Approved

52,709,145 Voted

2,580,945 Withheld

95.33%

4.67%

John Cullen

 

Approved

54,795,704 Voted

494,386 Withheld

99.11%

0.89%

Serafino Iacono

 

Approved

52,703,095 Voted

2,586,995 Withheld

95.32%

4.68%

Dennis Mills

 

Approved

54,803,584 Voted

486,506 Withheld

99.12%

0.88%

Suresh Narine

 

Approved

54,790,540 Voted

499,550 Withheld

99.1%

0.9%

Marino Ostos

 

Approved

55,266,450 Voted

23,640 Withheld

99.96%

0.04%

Ronald Pantin

 

Approved

52,711,455 Voted

2,578,635 Withheld

95.34%

4.66%

Dennis Pieters

 

Approved

54,804,420 Voted

485,670 Withheld

99.12%

0.88%

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 April 29, 2015 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

RELATED LINKS
http://www.cgxenergy.com

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CGX Energy Inc.

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