CALGARY, ALBERTA–(Marketwired – May 16, 2016) – Logan International Inc. (TSX:LII) (“Logan“) announced today, in accordance with Toronto Stock Exchange (“TSX“) requirements, the voting results from its annual general meeting of shareholders held May 12, 2016 in Calgary, Alberta.
A total of 23,686,074 common shares were voted in connection with the meeting, representing approximately 70.32% of the issued and outstanding common shares of Logan. Shareholders voted in favour of all items of business put forth at the meeting, being the appointment of KPMG LLP as auditors and the election of all director nominees as follows:
| Name of Director | Votes For | Votes Withheld | ||
| David Barr | 21,954,148 (94.26%) |
1,337,715 (5.74%) |
||
| James Biluk | 23,110,687 (99.22%) |
181,176 (0.78%) |
||
| Ian Bruce | 23,110,687 (99.22%) |
181,176 (0.78%) |
||
| David Coppé | 21,510,963 (92.35%) |
1,780,900 (7.65%) |
||
| David Kennedy | 22,798,767 (97.88%) |
493,096 (2.12%) |
||
| David MacNeill | 21,920,648 (94.11%) |
1,371,215 (5.89%) |
||
| Paul McDermott | 21,072,183 (90.47%) |
2,219,680 (9.53%) |
About Logan International Inc.
Logan provides specialized downhole tools and services to oilfield service providers, drilling contractors and exploration and production operators. It is organized into three classifications:
- Manufacturing and sales of fishing and intervention tools, including retrieving, stroking and remedial tools and power swivels used in well workover, intervention, drilling and completion activities (Logan Oil Tools, Inc.); and high-performance poly-crystalline diamond compact cutters and bearings (Logan SuperAbrasives, Inc.)
- Manufacturing and sales of completion products and services including packers and bridge plugs, (Logan Kline Tools); proprietary multi-zonal completion technology and conventional completion products and services (Logan Completion Systems, Inc.) and patented products and services used to optimize production in sand-laden, heavy-oil wells (Scope Production Developments);
- Rental of specialty drilling and workover tools including drilling, fishing and coiled tubing stroking tools and the Xciter vibration tools (Xtend Energy Services, Inc. and Logan Jar, LLC).
Common shares of Logan are traded on the Toronto Stock Exchange (TSX) under the ticker symbol “LII”.
For more information about Logan International Inc., please visit our website at www.loganinternationalinc.com.
David MacNeill
Chief Executive Officer
832-386-2520 Houston
Logan International Inc.
Larry Keister
Chief Financial Officer
832-386-2534 Houston
www.loganinternationalinc.com
