Pulse Seismic Inc. Announces Voting Results at Shareholders’ Annual Meeting

Rhea-AI Summary

Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) held its annual shareholders' meeting in Calgary on April 23, 2025, where all six nominee directors were successfully elected with overwhelming approval rates exceeding 99%. The company also received strong shareholder support for its executive compensation approach, with 99.78% votes in favor.

Pulse Seismic maintains its position as Canada's largest licensable seismic data library owner, with approximately 65,310 square kilometres of 3D seismic and 829,207 kilometres of 2D seismic data. The library primarily covers the Western Canada Sedimentary Basin, a important region for Canadian oil and natural gas exploration and development.

Positive

• Market leadership position in Canadian seismic data licensing
• Strong shareholder support demonstrated through high approval rates (>99%) for board members
• Overwhelming approval (99.78%) for executive compensation approach

Negative

• None.

CALGARY, Alberta, April 23, 2025 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) announced today the voting results from its annual meeting held in Calgary, Alberta on April 23, 2025. Each of the nominee directors listed in the Company’s management proxy circular dated March 10, 2025, was elected as a director, with a vote being conducted by ballot:

Name of Nominee	Votes For	%	Votes Against	%
Neal Coleman	31,038,759	99.90	32,292	0.10
Paul Crilly	31,061,451	99.97	9,600	0.03
Dallas Droppo	30,880,344	99.39	190,707	0.61
Robert Robotti	31,045,648	99.92	25,403	0.08
Patrick Ward	31,047,955	99.93	23,096	0.07
Melanie Westergaard	31,055,358	99.95	15,693	0.05

The “Say on Pay” shareholder advisory vote on Pulse’s approach to executive compensation was approved by 99.78% of the votes cast.

The report on voting for the meeting will be available at www.sedarplus.ca and on the Company’s website at www.pulseseismic.com.

CORPORATE PROFILE

Pulse is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data to the western Canadian energy sector. Pulse owns the largest licensable seismic data library in Canada, currently consisting of approximately 65,310 square kilometres of 3D seismic and 829,207 kilometres of 2D seismic. The library extensively covers the Western Canada Sedimentary Basin where most of Canada’s oil and natural gas exploration and development occur.

For further information, please contact:
Neal Coleman, President and CEO
Or
Pamela Wicks, Vice President Finance and CFO

Tel.: (403) 237-5559
Toll-free: 1-877-460-5559
E-mail: info@pulseseismic.com.
Please visit our website at www.pulseseismic.com.

PDF available: http://ml.globenewswire.com/Resource/Download/9b5fd3a7-4102-47a8-93f6-f9e16fd4e04a

FAQ

What were the voting results for Pulse Seismic (PLSDF) directors in the April 2025 annual meeting?

All six directors were elected with approval rates over 99%, with Neal Coleman receiving 99.90%, Paul Crilly 99.97%, Dallas Droppo 99.39%, Robert Robotti 99.92%, Patrick Ward 99.93%, and Melanie Westergaard 99.95%.

How large is Pulse Seismic's (PLSDF) current seismic data library in Canada?

Pulse Seismic owns Canada's largest licensable seismic library, covering 65,310 square kilometres of 3D seismic and 829,207 kilometres of 2D seismic data.

What was the shareholder approval rate for Pulse Seismic's (PLSDF) 'Say on Pay' vote in 2025?

Shareholders approved Pulse Seismic's executive compensation approach with 99.78% of votes in favor.

Which geographical area does Pulse Seismic's (PLSDF) data library cover?

The library extensively covers the Western Canada Sedimentary Basin, where most of Canada's oil and natural gas exploration and development occurs.