CALGARY, AB, May 18, 2023 /CNW/ - Frontera Energy Corporation (TSX: FEC) ("Frontera" or the "Company") is pleased to announce the results from its 2023 annual meeting of shareholders held today (the "Meeting").
ELECTION OF DIRECTORS
Shareholders elected each of the nominees proposed by management as set forth in the management information circular of the Company dated March 30, 2023. The total number of shares represented by shareholders present in person or by proxy at the Meeting was 60,340,410, representing approximately 70.83% of Frontera's issued and outstanding common shares. The directors achieved an average approval vote of 98.79% from shareholders.
The detailed results of the vote are set out below:
Outcome of Vote
Gabriel de Alba
50,977,426 Voted For
Luis F. Alarcon Mantilla
49,375,626 Voted For
W. Ellis Armstrong
51,030,403 Voted For
Orlando Cabrales Segovia
50,973,779 Voted For
51,127,981 Voted For
51,006,471 Voted For
Each of the directors elected at the Meeting will hold office until the close of the next annual meeting of shareholders of the Company or until he or she resigns or his or her successor is duly elected or appointed pursuant to the Articles of the Company.
Detailed voting results for all resolutions considered by shareholders at the Meeting are contained in the report of voting results, which is available on SEDAR under the Company's profile at www.sedar.com.
BOARD AND COMMITTEE MEMBERSHIP
The Company has the following committees: Audit Committee, Compensation and Human Resources Committee ("CHRC"), and Corporate Governance, Nominating, and Sustainability Committee ("CGNSC"). The current committee membership is set forth below:
W. Ellis Armstrong (Chair)
Luis F, Alarcon Mantilla
Gabriel de Alba (Chair)
Luis F. Alarcon Mantilla (Chair)
W. Ellis Armstrong
Frontera Energy Corporation is a Canadian public company involved in the exploration, development, production, transportation, storage, and sale of oil and natural gas in South America, including related investments in both upstream and midstream facilities. The Company has a diversified portfolio of assets with interests in 31 exploration and production blocks in Colombia, Ecuador, and Guyana, and pipeline and port facilities in Colombia. Frontera is committed to conducting business safely and in a socially, environmentally, and ethically responsible manner.
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SOURCE Frontera Energy Corporation