CALGARY, ALBERTA — (Marketwired) — 05/03/13 — Bonavista Energy Corporation (“Bonavista” or the “Corporation”) (TSX: BNP) announces that the following matters were voted upon at the annual and special meeting of the shareholders of Bonavista held on May 2, 2013 in Calgary, Alberta. Each of the matters is described in greater detail in the Notice of Annual and Special Meeting of Shareholders and Information Circular dated March 22, 2013 (the “Circular”).
1. Election of Directors
By resolution passed via ballot, the following nine nominees were appointed as Directors of the Corporation to serve until the next annual meeting of shareholders of the Corporation, or until their successors are elected or appointed. The results of the ballot were as follows:
2. Appointment of Auditors
By resolution passed via ballot, KPMG LLP, Chartered Accountants, were appointed as auditors of the Corporation to hold office until close of the next annual meeting or until their successors are duly appointed, and the directors were authorized to fix their remuneration. The results of the ballot were as follows:
3. 2013 Incentive Award Plan
By resolution passed via ballot, the 2013 incentive award plan of the Corporation as described in the Circular was approved. The results of the ballot were as follows:
4. Stock Option Plan Amendments
By resolution passed via ballot, certain amendments to the Corporation–s stock option plan, including the conversion of the stock option plan from a rolling plan to a fixed plan, as described in the Circular were approved. The results of the ballot were as follows:
Bonavista is a mid-sized energy corporation committed to maintaining its emphasis on operating high quality oil and natural gas properties, providing moderate growth and delivering consistent dividends to its shareholders and ensuring financial strength and sustainability.
Contacts:
Keith A. MacPhail
Executive Chairman
(403) 213-4300
Jason E. Skehar
President & CEO
(403) 213-4300
Glenn A. Hamilton
Senior Vice President & CFO
(403) 213-4300
Bonavista Energy Corporation
1500, 525 – 8th Avenue SW
Calgary, AB T2P 1G1