July 3, 2018 - 9:00 AM EDT
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Hyduke Energy Services Inc. Announces Voting Results from the 2018 Annual and Special Meeting of Shareholders and Departure of Directors

Canada NewsWire

NISKU, AB, July 3, 2018 /CNW/ - Hyduke Energy Services Inc. ("Hyduke" or the "Company") (TSX: HYD) announces the results of its annual and special meeting of shareholders (the "Meeting") and board of directors' (the "Board") meeting held on June 29, 2018 in Leduc, Alberta.

The Company wishes to thank outgoing directors for their service to the Company. David Yager was a director since 2013 and Chair of the Board since 2016.  He has made substantial contributions to the Company during his term by contributing his industry knowledge and experience. Jesse Gill served as a director of the Company during the past 15 months. The Company expresses its sincere gratitude to Mr. Yager and Mr. Gill for all of their work.

The Company is also pleased to announce that Vahan Kololian was elected as a director of the Company at the Meeting. Mr. Kololian is the founder and Managing Partner of TerraNova Partners LP, which invests in the industrial and industrial services sectors. The Board has appointed Jane Halford, an independent director since June 2015, as Chair of the Board and continuing Chair of the Audit Committee, Willi Hamm as Chair of the Health and Safety Committee and Mr. Kololian as Chair of the Compensation and Corporate Governance Committee. In the coming months, the Board will commence a search to add up to two new independent directors to the Board.

The results of the ballot with respect to the election of the four continuing directors at the Meeting was as follows:

Director Nominee

Votes For

Votes Withheld

Patrick F. Ross

26,789,798 (98.57%)

389,155 (1.43%)

Jane Halford

26,909,753 (99.01%)

267,700 (0.99%)

Willi Hamm

26,934,253 (99.10%)

244,700 (0.90%)

Vahan Kololian

27,048,953 (99.52%)

130,000 (0.48%)

The results of all the matters considered at the Meeting are disclosed in the Report of Voting Results filed on SEDAR at www.sedar.com on July 3, 2018.

The management team, with the support of the Board, is conducting a review of Hyduke's divisions in an effort to streamline operations, reduce costs and promote the value we bring to customers.

About Hyduke
Trading on the TSX under the symbol "HYD," Hyduke Energy Services Inc. is a supplier of equipment and services to the oil and gas drilling and well servicing industry.

SOURCE Hyduke Energy Services Inc.

View original content: http://www.newswire.ca/en/releases/archive/July2018/03/c5795.html

Pat Ross, President and CEO, Tel (780) 955-0355 or Nick Cristiano, CFO, Tel (780) 955-0355Copyright CNW Group 2018

Source: Canada Newswire (July 3, 2018 - 9:00 AM EDT)

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