CALGARY, ALBERTA–(Marketwired – May 11, 2017) –
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW
High Arctic Energy Services Inc. (TSX:HWO) (“High Arctic” or the “Corporation”) is pleased to announce the results of the Annual General and Special Meeting of the shareholders of High Arctic held on May 10, 2017. All matters put forth were approved, including the election of each nominee named in the Corporation’s information circular dated April 5, 2017 as directors of the Corporation. The detailed results of the vote for the election of directors, which was conducted by ballot, are set out below:
| VOTES FOR | VOTES WITHHELD/ABSTAINED |
|||
| Thomas M. Alford | 99.53% (32,900,331) |
0.47% (154,742) |
||
| Simon P. D. Batcup | 99.53% (32,898,075) |
0.47% (156,998) |
||
| Michael R. Binnion | 99.25% (32,806,155) |
0.75% (248,918) |
||
| Daniel J. Bordessa | 97.48% (32,221,848) |
2.52% (833,225) |
||
| Steven R. Vasey | 99.53% (32,899,839) |
0.47% (155,234) |
||
| Honourable Joe Oliver | 99.32% (32,829,178) |
0.68% (225,895) |
||
| Ember W.M. Shmitt | 99.42% (32,862,226) |
0.58% (192,847) |
In addition to the annual resolutions, including the re-appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditors, resolutions were passed approving certain amendments to the Corporation’s Stock Option Plan and approving the adoption of a Performance Share Unit Plan and a Deferred Share Unit Plan for the Corporation.
About High Arctic
High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”. The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry.
High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis. The Canadian operation provides well servicing, snubbing services, nitrogen supplies and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada.
Interim President & CEO
587-318-3826
tom.alford@haes.ca
Brian Peters
Chief Financial Officer
587-318-2218
brian.peters@haes.ca