ClearStream Announces Voting Results from Shareholders’ Meeting

·2 min read

CALGARY, Alberta, June 18, 2021 (GLOBE NEWSWIRE) -- ClearStream Energy Services Inc. (“ClearStream”) (TSX: CSM) is pleased to announce that all matters presented for approval at its annual and special meeting (the "Meeting") of holders of common shares ("Common Shares") held earlier today were approved. A total of 28,825,958 Common Shares, representing approximately 26% of the issued and outstanding Common Shares, were represented at the Meeting.

All of the nominees listed in ClearStream's management information circular dated May 6, 2021 (the "Information Circular") were elected as directors of ClearStream to hold office until the next annual meeting of shareholders or until their successors are elected or appointed. The results of the vote were:

Votes For

Votes Withheld

Nominee

#

%

#

%

Jordan L. Bitove

28,231,225

99.53

134,209

0.47

Herbert Fraser Clarke

28,231,025

99.53

134,409

0.47

Karl Johannson

27,778,272

97.93

587,162

2.07

Dean T. MacDonald

28,051,691

98.89

313,743

1.11

Sean D. McMaster

28,028,226

98.81

337,208

1.19

Yves Paletta

28,256,890

99.62

108,544

0.38

Ernst & Young LLP was appointed as ClearStream’s auditor until the next annual meeting of shareholders, and the directors were authorized to fix their remuneration. The result of the vote was:

Votes For

Votes Withheld

#

%

#

%

28,472,750

99.98

6,504

0.02

The continuance of ClearStream out of the jurisdiction of Ontario under the Business Corporations Act (Ontario) and into the jurisdiction of Alberta under the Business Corporations Act (Alberta) and the adoption by ClearStream of by-laws that are compliant with the Business Corporations Act (Alberta), as more particularly described in the Information Circular under “Particulars of the Matters to be Acted Upon – Continuance of the Corporation from Ontario to Alberta”, was approved. The result of the vote was:

Votes For

Votes Against

#

%

#

%

28,355,274

99.96

10,160

0.04

About ClearStream Energy Services Inc.

With a legacy of excellence and experience stretching back more than 50 years, ClearStream provides solutions to the Energy and Industrial markets including: Oil & Gas, Petrochemical, Mining, Power, Agriculture, Forestry, Infrastructure and Water Treatment. With offices strategically located across Canada and a dedicated workforce, we provide maintenance, construction and environmental services that keep our clients moving forward. For more information about ClearStream, please visit www.clearstreamenergy.ca or contact:

Randy Watt
Chief Financial Officer
ClearStream Energy Services Inc.
(587) 318-0997
rwatt@clearstreamenergy.ca

Yves Paletta
Chief Executive Officer
ClearStream Energy Services Inc.
(587) 318-0997
ypaletta@clearstreamenergy.ca


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