Storm Resources Ltd. Announces Annual and Special
Post# of 301275
CALGARY, Alberta, May 16, 2018 (GLOBE NEWSWIRE) -- Storm Resources Ltd. (" Storm " or the " Company ") (TSX: SRX ) is pleased to announce the voting results from its annual and special meeting of shareholders held on May 16, 2018. A total of 92,419,614 common shares, representing approximately 76.03% of Storm’s issued and outstanding shares, were represented in person or by proxy at the meeting.
The following nominees were elected as directors of Storm for the ensuing year, with the specific voting results being as follows:
| Votes For | Votes Withheld | |||
| Director | # | % | # | % |
| Matthew J. Brister | 89,042,992 | 96.35 | 3,376,622 | 3.65 |
| John A. Brussa | 70,662,725 | 76.46 | 21,756,889 | 23.54 |
| Mark A. Butler | 75,401,341 | 81.59 | 17,018,273 | 18.41 |
| Stuart G. Clark | 92,230,694 | 99.80 | 188,920 | 0.20 |
| Brian Lavergne | 92,081,563 | 99.63 | 338,051 | 0.37 |
| Gregory G. Turnbull | 74,216,007 | 80.30 | 18,203,607 | 19.70 |
| P. Grant Wierzba | 89,042,992 | 96.35 | 3,376,622 | 3.65 |
| James K. Wilson | 91,315,819 | 98.81 | 1,103,795 | 1.19 |
In addition, shareholders approved the appointment of Ernst & Young LLP as the Company’s auditor for the ensuing year (99.97% of the votes cast being in favour).
Shareholders also confirmed an amendment to the Company’s stock option plan and approved unallocated options thereunder (91.06% of the votes cast being in favour), as well as confirming the advance notice bylaw of the Company (63.41% of the votes cast being in favour).
Storm Resources Ltd. began operations in August 2010, is headquartered in Calgary, Alberta and is focused on growing net asset value for shareholders through the development of a large, liquids-rich resource in the Montney formation at Umbach in northeast British Columbia.
READER ADVISORIES
Certain information in this press release contains forward-looking information that involves risk and uncertainty. For this purpose, any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements often contain terms such as "may", "will", "should", "anticipate", "expects" and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Storm assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brian Lavergne
President and Chief Executive Officer
Michael J. Hearn
Chief Financial Officer
Carol Knudsen
Manager, Corporate Affairs
Storm Resources Ltd.
#200, 640 – 5 Avenue SW
Calgary, Alberta T2P 3G4
(403) 817-6145
www.stormresourcesltd.com
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