May 23, 2018 - 8:00 AM EDT
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Delphi Energy Announces Voting Results From Its Annual and Special Meeting of Shareholders

CALGARY, Alberta, May 23, 2018 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) announces the voting results of its annual and special meeting of shareholders held on May 22nd, 2018. 

ANNUAL MEETING OF SHAREHOLDERS

Each of the eight nominees proposed in the management proxy circular for the 2018 annual meeting of shareholders were elected as directors. A total of 107,316,077 common shares (“Common Shares”) of the Company, representing approximately 57.84 percent of Common Shares, were represented in person or by proxy at the meeting.  Detailed results of the vote are set out in the table below.

DIRECTOR NOMINEE VOTING RESULTS

 Outcome of VoteVotes ForVotes Withheld

David J. Reid 

Harry S. Campbell, Q.C. 

Peter T. Harrison 

Robert A. Lehodey, Q.C. 

Andrew E. Osis 

Lamont C. Tolley 

David J. Sandmeyer 

Ian G. Wild

Elected 

Elected 

Elected 

Elected 

Elected 

Elected 

Elected 

Elected

82,606,574
79.53%
88,344,012
85.06%
90,236,267
86.88%
70,734,119
68.10%
71,388,858
68.73%
89,991,174
86.64%
76,580,224
73.73%
73,212,838
70.49%
21,259,652
20.47%
15,522,214
14.94%
13,629,959
13.12%
33,132,107
31.90%
32,477,368
31.27%
13,875,052
13.36%
27,286,002
26.27%
30,653,388
29.51%

APPOINTMENT OF AUDITOR

KPMG LLP, Chartered Accountants, was reappointed to serve as auditor of the Company until the close of the next annual meeting of the shareholders at a remuneration to be fixed by the directors of the Company.

APPROVAL OF UNALLOCATED OPTIONS

Unallocated options available to be granted pursuant to the Company’s stock option plan were authorized and approved by the shareholders in accordance with the requirements of the Toronto Stock Exchange.

ADVANCE NOTICE BY-LAW

The Company’s advance notice bylaw, adopted by the Company’s board of directors on April 16, 2018, was approved by shareholders.

About Delphi Energy Corp.

Delphi Energy Corp. is an industry-leading producer of liquids-rich natural gas.  The Company has achieved top decile results through the development of our high quality Montney property, uniquely positioned in the Deep Basin of Bigstone, in northwest Alberta. Delphi continues to outperform key industry players by improving operational efficiencies and growing our dominant Bigstone land position in this world-class play. Delphi is headquartered in Calgary, Alberta and trades on the Toronto Stock Exchange under the symbol DEE.

FOR FURTHER INFORMATION PLEASE CONTACT:

DELPHI ENERGY CORP.
2300 - 333 – 7th Avenue S.W.
Calgary, Alberta
T2P 2Z1
Telephone: (403) 265-6171     Facsimile: (403) 265-6207
Email: [email protected]      Website: www.delphienergy.ca

                                                                        DAVID J. REID                                                                                                                  MARK D. BEHRMAN
                                                                        President & CEO                                                                                                                                  CFO

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Source: GlobeNewswire (May 23, 2018 - 8:00 AM EDT)

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