Valeura announces voting results

CALGARY, May 12, 2016 /CNW/ - Valeura Energy Inc. ("Valeura" or the "Corporation") (TSX: VLE) is pleased to provide the voting results from its annual meeting of shareholders held on May 12, 2016.

Shareholders voted on and approved the following proposals: (1) the appointment of KPMG LLP as the auditors of the Corporation; and (2) the election of the directors of the Corporation.

The voting results for the election of directors are as follows:


Total Votes


% of Votes Cast

Nominee

For

Withheld

Total


For

Withheld

William T. Fanagan

15,088,630

9,800

15,098,430


99.94

0.06

Claudio A. Ghersinich

15,082,330

9,800

15,092,130


99.94

0.06

Timothy R. Marchant

15,082,330

9,800

15,092,130


99.94

0.06

James D. McFarland

15,082,330

9,800

15,092,130


99.94

0.06

Ronald W. Royal

15,075,330

16,800

15,092,130


99.89

0.11

Mr. Abdel F. Badwi, a director since the founding of the Corporation in 2010, did not stand for re-election at the annual meeting of shareholders. The Corporation wishes to thank Mr. Badwi for his many contributions through the formative years of the Corporation and wishes him well in his future endeavors.

ABOUT THE CORPORATION

Valeura is a Canada-based public company currently engaged in the exploration, development and production of petroleum and natural gas in Turkey.

Additional information relating to Valeura is also available on SEDAR at www.sedar.com

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Valeura Energy Inc.

For further information: Jim McFarland, President and CEO, Valeura Energy Inc., (403) 930-1150, jmcfarland@valeuraenergy.com; Steve Bjornson, CFO, Valeura Energy Inc., (403) 930-1151, sbjornson@valeuraenergy.com; www.valeuraenergy.com


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