Result of AGM

RNS Number : 5731J

Canadian Overseas Petroleum Ltd

13 June 2014

 

Canadian Overseas Petroleum

Announces Voting Results from the 2014 Annual General Meeting of Shareholders

Calgary, Canada, June 13, 2014 - Canadian Overseas Petroleum Limited ("COPL" or the "Company") (TSX-V: XOP) & (LSE: COPL) is please to announce that at its Company's annual general meeting of shareholders held on June 12, 2014, COPL's shareholders approved the resolutions outlined in the Notice of 2014 Annual General Meeting and Management Proxy Circular dated April 15, 2014.

During business proceedings at the meeting, shareholders approved the following resolutions:

1.   Election of Directors

Name of Nominee	Votes For	Percentage	Votes Withheld	Percentage
Arthur S. Millholland	149,936,010	97.81%	3,363,710	2.19%
Massimo C. Carello	152,837,260	99.70%	462,460	0.30%
Harald H. Ludwig	152,912,260	99.75%	387,460	0.25%
J. Christopher McLean	152,837,260	99.70%	462,460	0.30%
Richard H. Schmitt	152,837,260	99.70%	462,460	0.30%
Viscount William Astor	137,587,260	89.75%	15,712,460	10.25%

2.   Appointment of Auditors

By resolution passed by a show of hands, Deloitte LLP was appointed as auditor of COPL for the ensuing year and authorizing the directors to fix the auditor's remuneration.

3.   Approval of Stock Option Plan

By resolution passed by a show of hands, the Stock Option Plan of the Company was approved.

4.   Approval of Long Term Incentive Plan

The Long Term Incentive Plan of the Company was approved by a majority of disinterested shareholders.

About the Company

COPL is an international oil and gas exploration and development company focused in the offshore West Africa. The Company holds a 17% working interest in Block LB-13, offshore Liberia, with ExxonMobil the operator holding an 83% working interest. COPL is actively pursuing opportunities in Nigeria as part of its strategy to generate stable cash flow from secure offshore assets.

For Further Information Please Contact:

COPL

Mr. Arthur Millholland, President and CEO

Phone: [phone]

Investor and Public Relations

Bell Pottinger

Mark Antelme or Henry Lerwill

North America Toll Free: [phone]

Phone: [phone]

Joint Brokers

GMP Securities Europe

Phone: [phone]

finnCap

Phone: [phone]

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

 

END

 

 

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