Petrowest Corporation Reports Annual Shareholder Meeting Voting Results

CALGARY, June 27, 2017 /CNW/ - Petrowest Corporation ("Petrowest" or the "Company") (TSX:PRW) announces that at its annual and special meeting of shareholders held on June 27, 2017, each of the nominees proposed by management as a director of the Company were elected as directors of the Company.

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

Name

Votes For

Votes Withheld

Roy Larson     

41,007,596 (59.87%)

24,489,586 (40.13%)

Gerald A. Romanzin

68,119,209 (99.45%)

377,973 (0.55%)

Garry Wetsch

56,433,302 (82.39%)

12,063,880 (17.61%)

Sami Saad

37,238,195 (54.36%)

31,258,987 (45.64%)

total 68,497,182

 

In addition, the issuance of shares that may be issuable pursuant to unallocated awards, including stock options, under the Company's Long Term Incentive Plan until June 27, 2020 was approved.  The results of the vote by ballot are as follows:


Votes For

Votes Against

Approval of unallocated stock
options under the Long Term
Incentive Plan

36,863,177 (53.82%)

31,634,055 (46.18%)

 

In addition, shareholders approved amending the articles of the Company to change of the name of Company to such name as the board of directors may determine in its sole discretion may determine.  The results of the vote by ballot are as follows:


Votes For

Votes Against

Approval to amend the articles of
the Company to change of name of
the Company

68,352,246 (99.66%)

233,705 (0.34%)

 

In addition, the shareholders also approved the appointment of Deloitte LLP, Chartered Professional Accountants, as auditors for the ensuing year.

ABOUT PETROWEST

Petrowest is a diversified infrastructure company with primary operations based in northeastern British Columbia and Alberta. Petrowest's operations are focused on industrial and civil infrastructure projects, gravel crushing and hauling activities, as well as pre-drilling and post-completion energy services.

SOURCE Petrowest Corporation

For further information: please contact Nikolaus Kiefer, Vice President of Business Development & Investor Relations at (403) 384-0405 or info@petro‐west.com.

RELATED LINKS
www.petro-west.com

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