Whitecap Resources Inc. announces results of shareholders' meeting

CALGARY, April 28, 2016 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) is pleased to announce that all matters presented for approval at the annual and special meeting of shareholders held today have been fully authorized and approved. A total of 190,116,141 common shares representing 60.47% of Whitecap's issued and outstanding common shares were voted in connection with the meeting.

At the meeting, all of the nominees proposed as directors were duly elected as directors of Whitecap with a majority of votes cast by the shareholders present or represented at the meeting as follows:

Name of Nominee

Shares Voted For (Percentage)

Grant B. Fagerheim

184,569,682 (97.61%)

Gregory S. Fletcher

167,875,261 (88.78%)

Daryl H. Gilbert

144,373,584 (76.35%)

Glenn A. McNamara

183,588,830 (97.09%)

Stephen C. Nikiforuk

188,155,160 (99.50%)

Kenneth S. Stickland

186,144,645 (98.44%)

Grant A. Zawalsky

168,416,870 (89.07%)

In addition, PricewaterhouseCoopers LLP were appointed as auditors of Whitecap to hold office until the next annual meeting, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:

Shares Voted For (Percentage)


In addition, the reduction of the stated capital account of the common shares of Whitecap by $1.8 billion to be effective as of April 28, 2016 was approved. The results of the ballot were as follows:

Shares Voted For (Percentage)

188,112,516 (98.95%)

In addition, the issuance of common shares that may be issuable pursuant to unallocated time-based awards and performance-based awards under Whitecap's 2013 Award Incentive Plan until April 28, 2019 was approved. The results of the ballot were as follows:

Shares Voted For (Percentage)

166,162,977 (87.87%)

Whitecap Resources Inc. is a dividend paying, oil-weighted company focused on providing sustainable monthly dividends to its shareholders and per share growth through a combination of accretive oil-based acquisitions and organic growth on existing and acquired assets. For further information about Whitecap please visit our website at www.wcap.ca.

SOURCE Whitecap Resources Inc.

For further information: Grant Fagerheim, President & CEO or Thanh Kang, CFO, Whitecap Resources Inc., 3800, 525 - 8 Avenue SW, Calgary AB T2P 1G1, Main Phone (403) 266-0767, Fax (403) 266-6975


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