Athabasca Oil Corporation Successfully Holds Annual Shareholder Meeting
CALGARY, Alberta — Athabasca Oil Corporation (TSX: ATH) has announced the successful outcomes of its Annual General Meeting of Shareholders. All resolutions put forth during the meeting have received full authorization and approval, reflecting strong shareholder engagement and confidence.
Voting Results Overview
The voting process, conducted by ballot, showcased high levels of participation from shareholders. The key agenda items included the election of directors and the appointment of auditors. Notably, eight directors were proposed for election, which has been approved unanimously.
Details of the Voting Process
The following table outlines the results of votes cast for each director nominee at the meeting:
Director Nominee Voting Results:
1. Ronald Eckhardt - Votes For: 281,658,153 (99.1%) | Votes Withheld: 2,612,876 (0.9%)
2. Angela Avery - Votes For: 282,469,547 (99.4%) | Votes Withheld: 1,801,482 (0.6%)
3. Bryan Begley - Votes For: 275,896,264 (97.1%) | Votes Withheld: 8,374,765 (2.9%)
4. Robert Broen - Votes For: 283,592,923 (99.8%) | Votes Withheld: 678,106 (0.2%)
5. John Festival - Votes For: 205,388,503 (72.3%) | Votes Withheld: 78,882,526 (27.7%)
6. Marty Proctor - Votes For: 280,816,256 (98.8%) | Votes Withheld: 3,454,773 (1.2%)
7. Marnie Smith - Votes For: 283,480,131 (99.7%) | Votes Withheld: 790,898 (0.3%)
8. Theresa Roessel - Votes For: 283,458,217 (99.7%) | Votes Withheld: 812,812 (0.3%)
Company Background
Athabasca Oil Corporation is at the forefront of oil energy development in Canada. With a strong emphasis on both thermal and light oil assets, the company is strategically positioned within Alberta’s Western Canadian Sedimentary Basin, where it has built an extensive land portfolio rich in high-quality resources. The company’s light oil assets are primarily managed through its 70% stake in Duvernay Energy Corporation, a private subsidiary.
Commitment to Shareholders
Athabasca’s common shares are traded on the TSX under the symbol “ATH”, providing transparency and accessibility for investors. This annual meeting is part of the company's ongoing commitment to shareholders, ensuring the management team is aligned with the interests of the investors. For further insights into the current strategies and developments of Athabasca, stakeholders are encouraged to visit their official website.
Contact Information
For any inquiries or additional information, please reach out to:
Matthew Taylor
Chief Financial Officer
1-403-817-9104
Email: mtaylor@atha.com
Robert Broen
President and CEO
1-403-817-9190
Email: rbroen@atha.com
Frequently Asked Questions
What decisions were made at the Annual General Meeting?
All proposed items, including the election of eight directors and the appointment of auditors, were approved during the meeting.
Who were elected as directors?
The nominated directors include Ronald Eckhardt, Angela Avery, Bryan Begley, Robert Broen, John Festival, Marty Proctor, Marnie Smith, and Theresa Roessel.
What is the role of Duvernay Energy Corporation?
Duvernay Energy Corporation is a private subsidiary of Athabasca, where the company holds a 70% equity stake in its light oil assets.
How can shareholders get more information?
Shareholders can visit Athabasca's official website or contact the company directly for more information.
Where does Athabasca Oil Corporation operate?
Athabasca operates within Alberta’s Western Canadian Sedimentary Basin, which is significant for its oil resources.
