Surge Energy Inc. Announces Annual General Meeting Voting Results

CALGARY, May 16, 2017 /CNW/ - Surge Energy Inc. (the "Company" or "Surge") (TSX: SGY) announces that at its annual meeting of shareholders held on May 16, 2017 the following eight director nominees were elected:

		Votes For		Votes Withheld
		#	%	#	%
Paul Colborne		88,721,556	98.44	1,409,567	1.56
P. Daniel O'Neil		86,475,272	95.94	3,655,851	4.06
Robert Leach		87,700,477	97.30	2,430,646	2.70
James Pasieka		71,577,794	79.42	18,553,329	20.58
Keith Macdonald		89,586,948	99.40	544,175	0.60
Murray Smith		87,622,468	97.26	2,468,655	2.74
Colin Davies		89,535,911	99.34	595,212	0.66
Daryl Gilbert		79,959,983	88.72	10,171,140	11.28

 

In addition, the issuance of common shares that may be issuable pursuant to unallocated awards under Surge's Stock Option Plan until May 16, 2017 was approved.  The results of the ballot were as follows:

Votes For		Votes Against
#	%	#	%
85,542,537	94.91	4,588,586	5.09

 

In addition, the reduction of the stated capital account of the common shares of the Company by $750 million was approved.  The results of the ballot were as follows:

Votes For		Votes Against
#	%	#	%
89,165,239	98.93	965,884	1.07

 

In addition, the shareholders also approved the appointment of KPMG Chartered Accounts LLP as auditors for the ensuing year.

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Surge Energy Inc.

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