Kelt Announces Results of Shareholders' Meeting

Newsfile Corp.
·2 min read

Calgary, Alberta--(Newsfile Corp. - April 22, 2021) - Kelt Exploration Ltd. (TSX: KEL) ("Kelt" or the "Company") is pleased to announce that all matters presented for approval at the Annual Meeting of Shareholders held on April 21, 2021 have been fully authorized and approved. A total of 102,518,826 common shares, representing 54.36% of the common shares issued and outstanding, were represented in person or by proxy at the meeting. A brief description of the matters voted upon and the outcome of the votes is set forth below.

Fixing Number of Directors

The ordinary resolution to approve fixing the number of directors to be elected at the meeting at six (6) was approved at the meeting by way of a ballot, as follows:

Votes For

%

Votes Against

%

101,368,949

99.99

7,583

0.01

Election of Directors

All of the nominees proposed as directors of the Company were duly elected as directors of the Company with votes cast by the shareholders present in person or represented by proxy at the meeting by way of a ballot, as follows:


Outcome of
the Vote

Votes For

%

Withheld

%







Robert J. Dales

Elected

101,126,291

99.75

250,241

0.25

Geraldine L. Greenall

Elected

100,327,545

98.97

1,048,987

1.03

William C. Guinan

Elected

101,098,898

99.73

277,634

0.27

Michael R. Shea

Elected

94,051,946

92.77

7,324,586

7.23

Neil G. Sinclair

Elected

101,126,291

99.75

250,241

0.25

David J. Wilson

Elected

101,365,802

99.99

10,730

0.97

Appointment of Auditor

An ordinary resolution to approve the appointment of PricewaterhouseCoopers LLP, as the auditors of the Company, was approved at the meeting by way of a ballot, as follows:

Votes For

%

Withheld

%

101,516,884

99.03

997,234

0.97

Contact Information

For further information please contact:

Kelt Exploration Ltd., Suite 300, 311-6th Avenue SW, Calgary, Alberta, Canada T2P 3H2.
David Wilson, President and Chief Executive Officer (403) 201-5340, or
Sadiq Lalani, Vice President and Chief Financial Officer (403) 215-5310.
Or visit our website at www.keltexploration.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/81440