BNK Announces 2017 AGM Results

TSX ticker symbol; BKX

CAMARILLO, CA, March 28, 2017 /CNW/ - BNK Petroleum Inc. (the "Company" or "BNK") (TSX: BKX) is pleased to announce the results of the Annual General Meeting of shareholders of the Company held in Vancouver, British Columbia on March 28, 2017. All of the resolutions put forward at the meeting were approved.

The Company's shareholders voted to fix the number of directors of the Company at eight and elected the following eight nominees to the Board. Each of the nominees will serve for a one-year term and hold office until the next annual meeting of shareholders, unless he or she sooner ceases to hold office. The following table sets forth the vote of the shareholders at the meeting with respect to the election of directors:

Director Nominee

Votes For

% For

Votes Withheld

%Withheld

Ford Nicholson

89,467,687

99.31%

618,273

0.69%

Victor Redekop

89,200,187

99.02%

885,773

0.98%

Eric Brown

89,469,604

99.32%

616,356

0.68%

General Wesley Clark (retired)

84,395,487

93.68%

5,690,437

6.32%

Wolf Regener

89,204,504

99.02%

881,456

0.98%

Leslie O'Connor

89,532,887

99.39%

553,073

0.61%

Gregory M. Cameron

89,245,524

99.07%

840,436

0.93%

David Neuhauser

89,508,024

99.36%

577,936

0.64%

 

Shareholders re-appointed KPMG LLP, Chartered Accountants as the auditor of the Company.

Shareholders also approved the renewal of unallocated entitlements under the Company's Stock Option Plan with 80.06% of the votes in favour.

The shareholders also authorized the Board to effect a consolidation of the Company's common shares on the basis of up to ten pre-consolidation shares for each one post-consolidation share, with the actual ratio and timing of the share consolidation to be determined by the Board, with 93.86% of the votes in favour. The consolidation remains subject to approval of the Toronto Stock Exchange.

Additional details will be provided in a Report of Voting Results to be filed on SEDAR.

About BNK Petroleum Inc.

BNK Petroleum Inc. is an international oil and gas exploration and production company focused on finding and exploiting large, predominately unconventional oil and gas resource plays. Through various affiliates and subsidiaries, the Company owns and operates shale oil and gas properties and concessions in the United States. Additionally the Company is utilizing its technical and operational expertise to identify and acquire additional unconventional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol BKX. 

SOURCE BNK Petroleum Inc.

For further information: Wolf E. Regener, +1 (805) 484-3613, Email: investorrelations@bnkpetroleum.com, Website: www.bnkpetroleum.com


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