Corporate Presentation Available on Corridor Website and Shareholders Approve Resolutions at Annual Meeting
HALIFAX, Nova Scotia, May 16, 2018 (GLOBE NEWSWIRE) -- (TSX:CDH): Corridor Resources Inc. (“Corridor”) announces that a new management presentation was made by Steve Moran, President and CEO, at the annual meeting of shareholders held on May 15, 2018 (the "Shareholders' Meeting"). This presentation is now available on Corridor's website at www.corridor.ca.
Corridor is also pleased to announce that shareholders approved at the Shareholders' Meeting each of the resolutions set forth in the Notice of 2017 Shareholders' Meeting and the Management Information Circular dated April 11, 2018, which are available on SEDAR at www.sedar.com under Corridor's profile.
A total of 46,987,185 common shares were voted at the Shareholders' Meeting, representing 53% of the issued and outstanding common shares of Corridor.
The voting results for each matter presented at the Shareholders' Meeting are provided below:
1. Election of Directors
The following seven nominees were elected as directors of Corridor to serve until the next annual meeting of the shareholders of Corridor or until their successors are elected or appointed. Each of the resolutions electing the directors was conducted by ballot, with the following results:
| Votes For | Votes Withheld | |||
| J. Douglas Foster | 36,649,548 99.60% | 147,311 0.40% | ||
| Martin Fräss-Ehrfeld | 36,528,834 99.27% | 268,025 0.73% | ||
| Phillip R. Knoll | 36,573,023 99.39% | 223,836 0.61% | ||
| James S. McKee | 36,752,748 99.88% | 44,111 0.12% | ||
| Norman W. Miller | 33,383,491 90.72% | 3,413,368 9.28% | ||
| Stephen J. Moran | 36,784,198 99.97% | 12,661 0.03% | ||
| Robert D. Penner | 36,651,498 99.60% | 145,361 0.40% | ||
2. Appointment of Auditor
PricewaterhouseCoopers LLP, Chartered Accountants, was appointed as auditor of Corridor for the ensuing year with the directors to fix the auditor's remuneration. The resolution appointing the auditor was conducted by ballot, with the following result:
| Votes For | Votes Withheld | ||
| 46,884,171 99.78% | 103,614 0.09% |
Corridor is a Canadian junior resource company engaged in the exploration for and development and production of petroleum and natural gas onshore in New Brunswick and offshore in the Gulf of St. Lawrence. Corridor currently has natural gas production and reserves in the McCully Field near Sussex, New Brunswick. In addition, Corridor has a shale gas prospect in New Brunswick and an offshore conventional hydrocarbon prospect in the Gulf of St. Lawrence.
For further information:
Contact: Steve Moran, President and CEO
Corridor Resources Inc.
#301, 5475 Spring Garden Road, Halifax, Nova Scotia B3J 3T2
Ph: (902) 429-4511 F: (902) 429-0209
Web: www.corridor.ca
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