Mr. Robert Hodgkinson reports
DXI ENERGY PROVIDES AGSM VOTING RESULTS
DXI Energy Inc. has released the results of its annual general and special meeting of shareholders held on June 20, 2018, at the company's Vancouver office.
The table sets forth a brief description of each matter which was voted upon at the meeting and the outcome of the vote.
Outcome Votes Votes Votes
Description of matter of vote for against withheld
1. Fix the number of directors
to be elected at the Meeting
at five (5) Passed 98.15% 1.85% 0.00%
2. To elect the following five
(5) nominees to serve as directors
of DXI for the ensuing year, or
until their successors are duly
elected or appointed, subject to
the provisions of the Business
Corporations Act (B.C.) and by-laws
of DXI:
Robert Hodgkinson Passed 95.62% 0.00% 4.38%
Craig Sturrock Passed 96.05% 0.00% 3.95%
Ronnie Bozzer Passed 96.36% 0.00% 3.64%
A. Ross Gorrell Passed 96.56% 0.00% 3.44%
Stan Page Passed 97.58% 0.00% 2.42%
3.To approve the re-appointment
of BDO Canada LLP, Chartered
Professional Accountants, as
auditors of DXI to hold office
until the next annual meeting
or until their successors are
appointed and to authorize the
Board of Directors to fix their
remuneration as such. Passed 94.14% 0.00% 5.86%
4. To approve an ordinary
resolution for the renewal of
the Company's stock option plan
effective December 17, 2009
and amended January 6, 2012 and
July 15, 2015 and the US
Sub-Plan for a further three
(3) years. Passed 86.31% 13.69% 0.00%
CEO Commentary:
"We now have completed the integration of all new data secured from our successfully drilled b-B100E well with our existing 3D seismic Woodrush data utilizing award-winning interpretive software. This exciting merged 3D template indicates significant oil prospects in the Halfway and Montney and confirmed gas prospects in the Dunleavy/Gething that will now drive the next phase of our 2018 drilling program north of Fort St. John. The Woodrush production capability profile consists of both light gravity crude and natural gas that can be adjusted to commodity price fluctuations and we remain committed to efficiently ramping production and leveraging our $12mm infrastructure while building mutually beneficial relationships with our First Nation neighbors," stated Robert L. Hodgkinson, Chairman and CEO.
About DXI Energy Inc.
DXI Energy Inc. is an upstream oil and natural gas exploration and production company operating projects in Colorado's Piceance Basin (24,407 net acres) and the Peace River Arch region in British Columbia (13,093 net acres). DXI Energy Inc. maintains offices in Calgary and Vancouver, Canada.
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