CALGARY, ALBERTA–(Marketwired – May 5, 2016) – Bonavista Energy Corporation (TSX:BNP) (“Bonavista”) announces that all matters presented for approval at the annual meeting of shareholders held today have been fully authorized and approved. A total of 128,234,469 votes, representing 59.00% of total votes entitled to vote at the meeting, were voted in connection with the matters considered at the meeting.
At the meeting, all of the nominees proposed as directors were duly elected as directors of Bonavista with a majority of votes cast by the shareholders present or represented at the meeting as follows:
| Name of Nominee | Votes For | Percent (%) |
Votes Withheld | Percent (%) |
||||
| Keith A. MacPhail | 123,536,074 | 97.74 | 2,860,161 | 2.26 | ||||
| Ian S. Brown | 124,517,549 | 98.51 | 1,878,686 | 1.49 | ||||
| Michael M. Kanovsky | 124,513,544 | 98.51 | 1,882,691 | 1.49 | ||||
| Sue Lee | 123,883,859 | 98.01 | 2,512,376 | 1.99 | ||||
| Margaret A. McKenzie | 123,850,858 | 97.99 | 2,545,377 | 2.01 | ||||
| Robert Phillips | 124,465,375 | 98.47 | 1,930,860 | 1.53 | ||||
| Ronald J. Poelzer | 122,348,272 | 96.80 | 4,047,963 | 3.20 | ||||
| Jason E. Skehar | 124,551,611 | 98.54 | 1,844,624 | 1.46 | ||||
| Christopher P. Slubicki | 123,864,857 | 98.00 | 2,531,378 | 2.00 |
Bonavista is a mid-sized dividend paying energy corporation focused on the efficient development of high quality oil and natural gas assets while providing sustainable value to shareholders.
President & CEO
Dean M. Kobelka
Vice President, Finance & CFO
Berk Sumen
Investor Relations Lead
Bonavista Energy Corporation
1500, 525 – 8th Avenue SW
Calgary, AB T2P 1G1
Phone: (403) 213-4300
Website: www.bonavistaenergy.com