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Press release from CNW Group

Yangarra Announces Voting Results from the Annual and Special Meeting and Share Consolidation

Tuesday, May 27, 2014

Yangarra Announces Voting Results from the Annual and Special Meeting and Share Consolidation

15:20 EDT Tuesday, May 27, 2014

CALGARY, May 27, 2014 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Corporation") (TSXV:YGR) announces the voting results from its Annual and Special Meeting of shareholders held today in Calgary, Alberta (the "Meeting"). Each of the matters voted on at the Meeting is outlined in the Information Circular dated April 22, 2014 and is available on the Corporation's website at www.yangarra.ca and on SEDAR at www.sedar.com.

A total of 78,006,901 Common Shares representing 52.73 percent of the Corporation's issued and outstanding shares as at the record date of April 22, 2014 were voted. The voting results for each matter presented at the Meeting are below:

Fixing Number of Directors

A resolution asking shareholders to fix the number of directors to be elected at five was approved with 98.50 percent of votes cast in favour.

Election of Directors

The following five nominees were appointed as directors of Yangarra to serve until the next annual meeting of shareholders or until their successors are elected or appointed:

Nominee Percentage of Votes in Favour
James G. Evaskevich 94.59
Gordon A. Bowerman 99.98
Robert D. Weir 99.46
Frederick L. Morton 99.30
Neil M. MacKenzie 99.30

Appointment of Auditors

The appointment of KPMG LLP, Chartered Accountants, to serve as the Auditors of the Corporation until the close of the next annual meeting, at remuneration to be fixed by the directors was approved with 99.99 percent of votes cast in favour.

Annual Approval of Stock Option Plan

The resolution relating to the annual approval of the stock option plan was approved with 78.97 percent of votes cast in favour.

Approval of Share Consolidation

The special resolution consolidating the issued and outstanding Shares of the Corporation on the basis of three (3) old Common Shares for one (1) new Common Share was approved with 85.81 percent of votes cast in favour.

Yangarra expects its Common Shares to begin trading on a consolidated basis on May 30, 2014 under the same stock symbol.

Approval of Advance notice by-law

The ordinary resolution to confirm and ratify the Advance Notice By-law of the Corporation was approved with 83.67 percent of votes cast in favour.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.    

 

 

 

 

 

SOURCE Yangarra Resources Ltd.

For further information:

James Evaskevich, President and Chief Executive Officer at (403) 262-9558

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