July 03, 2014
Pursuant to Section 11.3 of National Instrument 51-102, the following matters were put to vote at the Annual General Special Meeting of Shoal Point Energy Ltd. (the “Issuer”) held on June 30, 2014:
The report on the voting results is as follows:
1. Number of Directors
To consider, and if thought advisable, to approve a special resolution empowering the Board of Directors to determine from time to time the number of directors within the minimum and maximum numbers provided for in the articles of the Company:
By vote of proxy (For: 77,084,332 Shares, Against: 1,782,457 Shares), the number of directors was set at three.
2. Election of Directors
By vote of proxy and in person, the following persons were elected as directors of the Issuer until their term of office expires:
Mark Jarvis 67,213,610 4,711,872
Eric Schneider 71,886,610 38,872
Brian Usher-Jones 71,886,610 38,872
3. Appointment and Remuneration of Auditor
By vote of proxy (For: 72,528,319 Shares, Withheld: 6,338,471 Shares), Dale Matheson Carr-Hilton Labonte LLP was appointed as auditor of the Issuer for the ensuing year and the directors are authorized to set the remuneration.
4. Stock Option Plan
By vote of proxy (For 66,845,247 Shares, Against 5,080,235 Shares); the approval of the resolutions set out in the Information Circular approving the Stock Option Plan.
5. Other Business
By vote of proxy (For 72,339,601 Shares, Against 6,527,188 Shares) the shareholders elected to transact any further or other business as may properly come before the Meeting.
About Shoal Point Energy
Shoal Point Energy is a public company listed on the CSE under the symbol “SHP”. The core asset of the Company is oil and gas interests in the Green Point Shale area in Western Newfoundland.
For further information, contact Mark Jarvis
at 416 637 2181, extension 310.