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NG Energy International Corp
Symbol GASX
Shares Issued 137,450,742
Close 2024-01-12 C$ 1.00
Market Cap C$ 137,450,742
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ORIGINAL: NG ENERGY ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

2024-01-15 16:07 ET - News Release

NG ENERGY ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Canada NewsWire

TORONTO, Jan. 15, 2024 /CNW/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that all of the resolutions considered at the Company's annual general and special meeting of shareholders held on January 15, 2024 (the "Meeting") were approved by the Company's shareholders.

NG Energy International Corp. Logo (CNW Group/NG Energy International Corp.)

At the Meeting, the Company's shareholders approved resolutions:

  • fixing the number of directors comprising the Company's board of directors (the "Board") for the ensuing year at eight (8);
  • electing Brian Paes-Braga, Brian T. O'Neill, Don Sewell, Federico Restrepo-Solano, Humberto Calderon Berti, Patricia Herrera Paba, Ronald Pantin and Serafino Iacono as directors of the Company, to hold office until the close of the next annual meeting of shareholders or until their successors are elected or appointed;
  • appointing PricewaterhouseCoopers LLP as the auditor of the Company for the ensuring year and authorizing the Board to fix the remuneration of the auditor;
  • re-approving the Company's incentive stock option plan; and
  • re-approving the Company's restricted share unit and deferred share unit plan.

A total of 54,834,013 common shares were voted in connection with the election of the directors as follows:

Director

Votes For

% of Votes For

Votes Withheld

% of Votes Withheld

Brian Paes-Braga

54,825,715

99.98 %

8,298

0.02 %

Brian T. O'Neill

53,412,310

97.41 %

1,421,703

2.59 %

Don Sewell

54,787,917

99.92 %

46,096

0.08 %

Federico Restrepo-Solano

53,427,382

97.43 %

1,406,631

2.57 %

Humberto Calderon Berti

54,790,049

99.92 %

43,964

0.08 %

Patricia Herrera Paba

54,815,944

99.97 %

18,069

0.03 %

Ronald Pantin

54,797,417

99.93 %

36,596

0.07 %

Serafino Iacono

54,780,874

99.90 %

53,139

0.10 %

 

The resolutions voted on at the Meeting are described in more detail in the Company's management information circular, dated December 7, 2023, which is available on the Company's SEDAR+ profile at www.sedarplus.ca.

About NG Energy International Corp.  

NG Energy International Corp. is a natural gas exploration and production company with operations in Colombia. The Company is on a mission to discover, delineate and develop meaningful natural gas fields in developing counties to support energy transition and economic growth. In Colombia, the Company is executing on this mission with a rapidly growing production base that is being delivered to the premium priced Colombian market. NGE's team has extensive technical expertise and a proven track record of building companies and creating value in South America. For more information, please visit SEDAR+ (www.sedarplus.ca) and the Company's website (www.ngenergyintl.com). 

Cautionary Statement Regarding Forward-Looking Information 

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risks Factors" in the Company's most recent Management Discussion and Analysis and its Annual Information Form dated June 30, 2023, which are available for view on SEDAR+ at www.sedarplus.ca. These risks include but are not limited to, the risks associated with the oil and natural gas industry, such as exploration, production and general operational risks, volatility of pricing for oil and natural gas, changing investor sentiment about the oil and natural gas industry, competition in the markets where the Company operates, any delays in production, marketing and transportation of natural gas, drilling costs and availability of equipment, regulatory approval risks and environmental risks. Forward-looking statements contained herein are made as of the date of this news release, and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

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

SOURCE NG Energy International Corp.

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Contact:

NG Energy International Corp.: Serafino Iacono, CEO, Jorge Fonseca, CFO, Tel: +1 (604) 404-4335

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