Petrus Resources Shares Success of Annual Meeting Outcomes
Petrus Resources Shareholders Approve Key Resolutions
Petrus Resources Ltd. ('Petrus' or the 'Company') (TSX: PRQ) has great news to share following its recent annual general meeting. The Company, which operates within the oil and gas sector, recently conducted a meeting where shareholders gave their stamp of approval on all presented resolutions.
Details of the Meeting Resolutions
During the meeting, the first resolution to establish the number of directors was successfully passed, setting the count at five. This resolution is critical as it ensures a robust governing body that can make informed decisions on behalf of the shareholders.
Election of Directors
In a significant move, shareholders elected five nominees to sit as directors until the next annual meeting. The nominees included Donald Gray, Donald Cormack, Patrick Arnell, Ken Gray, and Peter Verburg. Each of their election outcomes highlighted overwhelming support from the voting body, showcasing strong confidence in these leaders.
Voting Outcomes
The voting results for directors were promising. For instance, Donald Gray received an impressive 104,062,316 votes in favor, translating to 99.96% approval. Such positive feedback reflects shareholders' trust in the management and strategic direction of Petrus Resources Ltd.
Additional Approvals and Strategic Plans
Beyond the directorial elections, shareholders also approved a resolution concerning unallocated restricted share unit awards. This measure is vital as it aligns with the Company's commitment to reward and retain key talents who drive its initiatives.
Appointment of Auditors
An additional resolution passed with ease was the appointment of PricewaterhouseCoopers LLP as the Company’s auditors. This choice is significant as it aligns with transparency and corporate governance standards, critical to maintaining shareholder trust.
About Petrus Resources Ltd.
Petrus Resources Ltd. is firmly positioned in the Canadian oil and gas landscape, concentrating on property exploitation, strategic acquisitions, and methodical exploration in Alberta. The Company's approach towards blending stability with forward-thinking strategies sets it apart in a competitive industry.
Contact Information
For those seeking more insight or queries about Company operations, individuals can reach out directly to Ken Gray, President and Chief Executive Officer. He can be contacted by phone at 403-930-0889 or via email at kgray@petrusresources.com.
Frequently Asked Questions
What resolutions were approved at the meeting?
Shareholders approved several resolutions including the number of directors and the appointment of auditors.
Who were the elected directors?
The elected directors are Donald Gray, Donald Cormack, Patrick Arnell, Ken Gray, and Peter Verburg.
What was the approval rate for the directors?
The directors received high approval rates, with Donald Gray receiving 99.96% of votes in favor.
What is the focus of Petrus Resources?
Petrus Resources focuses on property exploitation, strategic acquisitions, and risk-managed exploration in Alberta.
Who can I contact for more information?
Contact Ken Gray, the President and CEO, for further inquiries about the company.
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