Cequence Energy Reports Voting Results of Election of Directors

CALGARY, May 28, 2013 /CNW/ - Cequence Energy Inc. (the "Company" or "Cequence") (TSX: CQE) is pleased to report that at its annual and special meeting of shareholders held on May 28, 2013 that each of the nominees proposed by management as a director of the Corporation were elected as directors of the Company, other than Paul Colborne who had previously announced his resignation from the board.

Paul Colborne recently resigned from the Board due to his increased involvement as CEO of another public oil and gas company.   The board and management of the Company would like to thank Mr. Colborne for his contributions, enthusiasm and leadership over the years, and wish him well in his future endeavors.

The detailed results of the vote by ballot are as follows:

Nominee Votes For Votes Withheld
  Number Percentage Number Percentage
Donald Archibald 109,993,590 99.22% 868,575 0.78%
Peter Bannister 110,706,525 99.86% 155,640 0.14%
Robert Cook 98,332,928 88.70% 12,529,237 11.30%
Howard Crone 110,525,268 99.70% 336,897 0.30%
Brian Felesky 97,597,540 88.04% 13,264,625 11.96%
Daryl Gilbert 93,360,090 84.21% 17,502,075 15.79%
Francesco Mele 110,613,726 99.78% 248,439 0.22%
Paul Wanklyn 106,984,236 96.50% 3,877,929 3.50%

In addition, management and the board of the Company extend their thanks to Jim Gray for his years of service on the board.  Mr. Gray stepped down from the Board of Directors of Cequence at the annual and special meeting.  Mr. Gray was the co-founder of Canadian Hunter Exploration in the 1970's and was instrumental in the recognition and discovery of the giant Deep Basin gas field at Elmworth.  He acted as a mentor to a number of the Company's geological staff in the 1980's and served on the Board of Temple Exploration and Temple Energy with much of the Company's current management team.  In addition, he served on the boards of Canadian National Railway, Brookfield, Phoenix Technology and numerous not-for-profit societies and he remains an iconic figure in the Calgary philanthropic community.

Paul Wanklyn said "I would like to thank Jim for his continued friendship, wisdom, energy, and positive outlook in a rapidly changing business environment. Jim has assumed the role of Director Emeritus at Cequence, thereby ensuring that we can continue to lean on him for guidance."

Presentation

Please visit Cequence's website at http://www.cequence-energy.com/index.php?page=presentations  to access the URL for the the presentation slides from the annual and special meeting of the shareholders.

About Cequence

Cequence is a publicly traded Canadian energy company involved in the acquisition, exploitation, exploration, development and production of natural gas and crude oil in western Canada. Further information about Cequence may be found in its continuous disclosure documents filed with Canadian securities regulators at www.sedar.com.

 

SOURCE: Cequence Energy Ltd.

For further information:

Paul Wanklyn, Chief Executive Officer, (403) 218-8850, pwanklyn@cequence-energy.com
David Gillis, Chief Financial Officer, (403) 806-4041, dgillis@cequence-energy.com


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