New Zealand Energy Reports Results of Annual General Meeting
June 24 2014 - 7:00AM
Marketwired
New Zealand Energy Reports Results of Annual General Meeting
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 24, 2014) - New
Zealand Energy Corp. ("NZEC" or the "Company")
(TSX-VENTURE:NZ)(OTCQX:NZERF) today announced the voting results
from its annual general meeting ("AGM") of shareholders held on
June 23, 2014. A total of 53,822,633 common shares representing
31.5% of NZEC's issued and outstanding common shares were voted at
the AGM.
Each of the nominees proposed by management was elected as a
director of the Company to hold office until the next AGM, or until
successors are elected or appointed:
|
Nominee |
Position |
Percentage of Votes for |
|
John Greig |
Chairman |
98.93% |
|
John Proust |
Director and Chief Executive Officer |
96.93% |
|
David Robinson |
Director and CEO New Zealand Business |
98.98% |
|
Hamish Campbell |
Director |
98.96% |
Shareholders voted in favour of all items of business put forth
at the meeting, as outlined below:
|
Motion |
Percentage of Votes for |
| To
appoint PricewaterhouseCoopers as Auditors of the Company |
99.76% |
| To
approve the Company's Amended 2011 Stock Option Plan |
96.31% |
| To
approve the amendment of the exercise price of a total of 1,190,000
incentive stock options * |
95.17% |
|
| * Shares held by certain insiders were not voted with
regard to this motion. |
On behalf of the Board of Directors
John Proust, Chief Executive Officer & Director
About New Zealand Energy Corp.
NZEC is an oil and natural gas company engaged in the
production, development and exploration of petroleum and natural
gas assets in New Zealand. NZEC's property portfolio collectively
covers approximately 1.15 million acres of conventional and
unconventional prospects in the Taranaki Basin and East Coast Basin
of New Zealand's North Island. The Company's management team has
extensive experience exploring and developing oil and natural gas
fields in New Zealand and Canada, and takes a multi-disciplinary
approach to value creation with a track record of successful
discoveries. NZEC plans to add shareholder value by executing a
technically disciplined exploration and development program focused
on the onshore and offshore oil and natural gas resources in the
politically and fiscally stable country of New Zealand. NZEC is
listed on the TSX Venture Exchange under the symbol NZ and on the
OTCQX International under the symbol NZERF. More information is
available at www.newzealandenergy.com or by emailing
info@newzealandenergy.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as such term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
New Zealand Energy Corp.John ProustChief Executive Officer &
DirectorNorth American toll-free: 1-855-630-8997New Zealand Energy
Corp.Rhylin BailieVice President Communications & Investor
RelationsNorth American toll-free:
1-855-630-8997info@newzealandenergy.comwww.newzealandenergy.com
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