NXT Energy Solutions Inc. Announces Results of Annual Meeting of Shareholders
06/06/2022 - 04:46 PM
CALGARY, Alberta, June 06, 2022 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD; OTC QB: NSFDF) is pleased to provide the voting results from its Annual Meeting of Shareholders held on June 6, 2022.
Shareholders approved the following:
Election of Directors : The incumbent seven directors of the Company were re-elected to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed.Appointment of Auditors : KPMG LLP were reappointed as the auditors of the Company for the next year at a remuneration to be determined by the Board of Directors.Unallocated Options. The Company’s Stock Option Plan was approved for an additional three years.Deferred Share Unit Plan . The Company’s Deferred Share Unit Plan was approved for an additional three years.Further details are set out in the Company's Information Circular dated April 29, 2022 posted on the Company's website and filed on www.sedar.com .
Specific voting results are as follows:
Description of Matter # of Votes % of Votes # of Votes % of Votes Election of the following Directors: George Liszicasz 27,014,666 95.94 % 1,142,058 4.06 % Charles Selby 25,508,634 90.60 % 2,648,090 9.40 % John Tilson 27,021,266 95.97 % 1,135,458 4.03 % Thomas E. Valentine 26,616,496 94.53 % 1,540,228 5.47 % Bruce G. Wilcox 26,145,634 92.86 % 2,011,090 7.14 % Frank Ingriselli 27,655,266 98.22 % 501,458 1.78 % Gerry Sheehan 25,513,734 90.61 % 2,642,990 9.39 % Appointment of Auditors 32,342,300 99.96 % 13,533 0.04 % Unallocated Options 26,583,636 94.41 % 1,573,088 5.59 % Deferred Share Unit Plan 26,987,706 95.85 % 1,169,018 4.15 %
About NXT Energy Solutions Inc.
NXT Energy Solutions Inc. is a Calgary based technology company whose proprietary SFD® survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used both onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential. The SFD® survey system enables our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain and is the registered trademark of NXT Energy Solutions Inc. NXT Energy Solutions Inc. provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.
Contact Information
For investor and media inquiries please contact:
NSFDF Rankings
N/A Ranked by Stock Gains
NSFDF Stock Data
Industry
Crude Petroleum and Natural Gas Extraction
Sector
Mining, Quarrying, and Oil and Gas Extraction
Tags
Oilfield Services/Equipment, Industrial Services
About NSFDF
stress field detection (sfd®) is a geophysical survey technology developed by nxt energy solutions inc., headquartered in calgary, canada. sfd® uses a reservoir-scale gravitational detection method to rapidly identify and rank prospect-level leads in order to focus exploration efforts. sfd® is becoming recognized as the only airborne geophysical tool which provides information on areas conducive to fluid entrapment in sedimentary basins. the sfd® method has proven highly effective at identifying potential hydrocarbon traps in a wide variety of geological settings onshore and offshore, including thrust-fold belts, foreland basins, sub/pre-salt plays, and extensional regimes. sfd® surveys have been executed worldwide, including canada, u.s.a., mexico, colombia, argentina, guatemala, belize, pakistan and syria. integrated g&g; case studies and technical publications are available attesting to the efficacy of the sfd® technology. in 2013, nxt published two joint papers with the nocs of mex
