BANKERS PETROLEUM ANNOUNCES ANNUAL MEETING VOTING RESULTS AND ELECTION OF DIRECTORS

Bankers Petroleum is pleased to announce that 179,621,461 shares (70.75% of the Company’s outstanding shares) were represented at the Annual General and Special Meeting of Shareholders held on May 21, 2013 (the “Meeting”). All of the eight Director nominees proposed in the Company’s management information circular, dated April 18, 2013, were elected as Directors of the Company.
In addition, Bankers reports that 84.22% of the shares represented in person or by proxy at the Meeting were voted in favour of approving its continuance from the Province of British Columbia into the Province of Alberta, pursuant to the Business Corporations Act (Alberta). Following its continuance into Alberta, as announced in the May 13, 2013 news release, the Company will amend its bylaws in order to provide that the shareholder meeting quorum will be set at two persons holding shares, in person or by proxy, representing at least fifteen percent (15%) of the shares entitled to vote thereat and to permit the Company’s Board of Directors to waive any requirement under the advance notice provisions of its bylaws relating to the nomination of candidates for election to the Company’s Board of Directors.
Bankers also reports that 94.29% of the shares represented in person or by proxy at the Meeting were voted in favour of the continuation of its Shareholder Rights Plan (“SRP”). The Bankers SRP was initially adopted by the Company’s Board on April 1, 2010 and subsequently ratified by its shareholders on May 26, 2010. The SRP must be reconfirmed at every third annual meeting of shareholders and, pursuant to the resolution passed by the Company’s shareholders at the Meeting, the SRP must next be reconfirmed by June 30, 2016.

energjia.al, 23.05.2013