19:31:22 EDT Sat 15 Jun 2019
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Corridor Resources Inc
Symbol C : CDH
Shares Issued 88,924,465
Close 2019-05-15 C$ 0.71
Recent Sedar Documents

Corridor shareholders elect six directors at AGM

2019-05-15 19:13 ET - News Release

Mr. Steve Moran reports

CORPORATE PRESENTATION AVAILABLE ON CORRIDOR WEBSITE AND SHAREHOLDERS APPROVE RESOLUTIONS AT ANNUAL MEETING

A new management presentation was made by Steve Moran, president and chief executive officer, at the annual meeting of shareholders, held on May 14, 2019. This presentation is now available on Corridor's website.

Corridor is also pleased to announce that shareholders approved at the shareholders meeting each of the resolutions set forth in the notice of 2019 shareholders meeting and the management information circular dated April 9, 2019, which are available on SEDAR under Corridor's profile.

A total of 56,744,032 common shares were voted at the shareholders meeting, representing 63.81 per cent of the issued and outstanding common shares of Corridor.

The voting results for each matter presented at the shareholders meeting are provided herein.

1. Election of directors

Six nominees were elected as directors of Corridor to serve until the next annual meeting of the shareholders of Corridor or until their successors are elected or appointed. Each of the resolutions electing the directors was conducted by ballot.

               VOTING RESULTS FOR ELECTION OF DIRECTORS

                                        Votes for          Votes withheld

J. Douglas Foster              42,984,904 (99.77%)          97,400 (0.23%)
Martin Frass-Ehrfeld           42,580,948 (98.84%)         501,356 (1.16%)
Stephen J. Moran               43,049,154 (99.92%)          33,150 (0.08%)
Phillip R. Knoll               42,989,154 (99.78%)          93,150 (0.22%)
Norman W. Miller               43,040,804 (99.90%)          41,500 (0.10%)
James S. McKee                 42,985,804 (99.78%)          96,500 (0.22%)

Bob Penner retired from the board of directors at the conclusion of the shareholders meeting. Douglas Foster, chairman of the board of directors of Corridor, thanked Mr. Penner for his significant contributions to the board and Corridor over the past 13 years.

2. Appointment of auditor

PricewaterhouseCoopers LLP, chartered accountant, was appointed as auditor of Corridor for the ensuing year with the directors to fix the auditor's remuneration. The resolution appointing the auditor was conducted by ballot.

      VOTING RESULTS FOR AUDITOR

Votes for                Votes withheld

56,373,134 (99.35%)      370,898 (0.65%)

Corridor is a Canadian junior resource company engaged in the exploration for, and development and production of, petroleum and natural gas onshore in New Brunswick and offshore in the Gulf of St. Lawrence. Corridor currently has natural gas production and reserves in the McCully field near Sussex, N.B. In addition, Corridor has a shale gas prospect in New Brunswick and an offshore conventional hydrocarbon prospect in the Gulf of St. Lawrence.

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