Zoltav Resources Inc Result of AGM (0084G)

TIDMZOL

RNS Number : 0084G

Zoltav Resources Inc

18 July 2019

18 July 2019

Zoltav Resources Inc

("Zoltav" or the "Company")

Result of AGM

Zoltav Resources (AIM: ZOL), the Russia-focused oil and gas exploration and production company, announces that, at the Annual General Meeting ("AGM") of the Company held today, all resolutions proposed were duly passed. The results of the voting were as follows:

 
 Resolution #                Votes        %      Votes      %         Votes    % of      Votes      % 
                               FOR             AGAINST                TOTAL     ISC    WITHELD 
 1. Approve Report 
  & FS                 112,523,728   100.00          0   0.00   112,523,728   79.27      1,500   0.00 
                      ------------  -------  ---------  -----  ------------  ------  ---------  ----- 
 2. Re-elect L. 
  Verny                112,523,728   100.00          0   0.00   112,523,728   79.27      1,500   0.00 
                      ------------  -------  ---------  -----  ------------  ------  ---------  ----- 
 3. Re-elect A. 
  Gorodetsky           112,523,728   100.00          0   0.00   112,523,728   79.27      1,500   0.00 
                      ------------  -------  ---------  -----  ------------  ------  ---------  ----- 
 4. Re-elect A. 
  Immel                112,523,728   100.00          0   0.00   112,523,728   79.27      1,500   0.00 
                      ------------  -------  ---------  -----  ------------  ------  ---------  ----- 
 5. Appoint auditor    112,523,728   100.00          0   0.00   112,523,728   79.27      1,500   0.00 
                      ------------  -------  ---------  -----  ------------  ------  ---------  ----- 
 

Notes:

-- A vote "Withheld" is not a vote in law and is not counted in the calculation of the votes cast "For" or "Against" the resolution, nor in the calculation of the "% ISC Voted" for any resolution.

-- Votes "For" and "Against" are expressed as a percentage of votes validly cast for that resolution at the AGM, excluding any "Withheld" votes.

-- "% ISC Voted" denotes the votes validly cast for each resolution as a percentage of the issued share capital of 141,955,386 shares as at 15 July 2019.

Contacts:

 
Zoltav Resources Inc.                             Tel. [phone] 
                                                                 0234 
Lea Verny, Non-executive Chairman           (via Vigo Communications) 
 
SP Angel Corporate Finance LLP (Nomad             Tel. [phone] 
 and Joint Broker)                                               0470 
John Mackay / Jeff Keating / Soltan Tagiev 
 
Panmure Gordon (Joint Broker)                     Tel. [phone] 
                                                                 2500 
Charles Lesser / James Stearns 
 
Vigo Communications                               Tel. [phone] 
                                                                 0234 
Ben Simons / Simon Woods                         [e-mail] 
 

About Zoltav

Zoltav is an oil and gas exploration and production company focused on Russia.

Zoltav holds the Bortovoy Licence in the Saratov region of South Western Russia, a 3,215 sq km area along the northern margin of the Pre-Caspian basin, one of the largest hydrocarbon basins in the CIS.

The Bortovoy Licence contains a number of productive gas fields in the west of the Licence, a processing plant and significant exploration prospectivity. It holds proven plus probable reserves under the Society of Petroleum Engineers' Petroleum Resources Management System of 750 bcf of gas and 3.8 mmbbls of oil and condensate.

In 2018, Zoltav produced 12.0 bcf (341 mmcm) of gas or 2.0 mmboe (274 mtoe) and 66,558 bbls (7,715 t) of oil and condensate.

The Company is currently evaluating strategies to commercialise the eastern fields of the Bortovoy Licence.

For further information on Zoltav, or to sign up for our news alert service, visit: www.zoltav.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 18, 2019 08:00 ET (12:00 GMT)