Journey Energy Inc. Reports on Voting from the 2025 Annual Shareholders Meeting

Rhea-AI Summary

Journey Energy (TSX: JOY, OTCQX: JRNGF) held its 2025 Annual General Meeting with shareholders approving all proposed resolutions. Key voting results include: - Shareholders fixed the board size at six directors with 85.67% approval - All six director nominees were elected with approval ratings ranging from 79.42% to 83.01% - KPMG LLP was reappointed as auditor with 97.37% support - The Advance Notice By-Law regarding director nominations was approved with 82.10% of votes in favor Craig H. Hansen, Jenna M. Kaye, Thomas J. Mullane, Reginald S. Smith, Scott A. Treadwell, and Alex G. Verge will serve as directors until the next annual meeting.

Calgary, Alberta--(Newsfile Corp. - May 22, 2025) - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey", or the "Company") announces the voting results from its Annual General Meeting (the "Meeting") held today pursuant to Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations. Journey is pleased to report that all resolutions were approved by the shareholders and the details of the voting results are contained below.

1. Fixing the Number of Directors to be elected at the meeting

On a vote by proxy, the number of directors of the Company to be elected at the Meeting was fixed at six members. The numbers in respect of the vote are based on the proxies received.

Votes For	% For	Votes Against	% Against
28,696,094	85.67	4,800,998	14.33

 

2. Election of Directors

On a vote by ballot, each of the following six nominees proposed by management was elected to serve as a director of the Company until the next annual meeting of shareholders, or until their successors are duly elected or appointed, subject to the provisions of the Business Corporations Act (Alberta) and the by-laws of the Company:

Nominees	Votes For	% For	Votes Withheld	% Withheld
Craig H. Hansen	24,138,030	81.64	5,428,552	18.36
Jenna M. Kaye	23,809,514	80.53	5,757,068	19.47
Thomas J. Mullane	24,240,395	81.99	5,326,187	18.01
Reginald S. Smith	23,481,426	79.42	6,085,156	20.58
Scott A. Treadwell	24,543,991	83.01	5,022,591	16.99
Alex G. Verge	23,802,307	80.50	5,764,275	19.50

 

3. Appointment of Auditor

On a vote by proxy, KPMG LLP, Chartered Professional Accountants, was appointed as auditors of the Company until the next annual meeting of shareholders, and the directors of the Company were authorized to fix their remuneration as such. The numbers in respect of the vote are based on the proxies received.

Votes For	% For	Votes Withheld	% Withheld
32,617,308	97.37	879,785	2.63

 

4. Advance Notice By-Law

On a vote by ballot, the Advance Notice By-Law dealing with the advance notice of nomination of directors of the Corporation was approved.

Votes For	% For	Votes Withheld	% Withheld
24,274,170	82.10	5,292,412	17.90

 

For further information contact:

Alex G. Verge	or	Gerry Gilewicz
President and Chief Executive Officer		Chief Financial Officer
403-303-3232		403-303-3238
alex.verge@journeyenergy.ca		gerry.gilewicz@journeyenergy.ca

 

Journey Energy Inc.
700, 517 - 10^th Avenue SW
Calgary, AB T2R 0A8
403-294-1635
www.journeyenergy.ca

No securities regulatory authority has either approved or disapproved of the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253168

FAQ

What were the key voting results at Journey Energy's (JRNGF) 2025 Annual Meeting?

Shareholders approved all resolutions: fixed board size at 6 directors (85.67% approval), elected all director nominees (79-83% approval range), reappointed KPMG as auditor (97.37%), and approved the Advance Notice By-Law (82.10%).

Who are the directors elected to Journey Energy's (JRNGF) board in 2025?

The elected directors are Craig H. Hansen, Jenna M. Kaye, Thomas J. Mullane, Reginald S. Smith, Scott A. Treadwell, and Alex G. Verge.

What was the shareholder approval rate for Journey Energy's (JRNGF) auditor appointment?

KPMG LLP was reappointed as auditor with 97.37% shareholder approval.

What is the Advance Notice By-Law that Journey Energy (JRNGF) shareholders approved?

The Advance Notice By-Law, which deals with the advance notice of nomination of directors, was approved with 82.10% of votes in favor.