NXT Energy Solutions Inc. Announces Results of Annual Meeting of Shareholders
04 August 2023 - 9:40AM
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 August 2, 2023.
Shareholders approved the following:
- Election of Directors: The
incumbent six 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: MNP LLP
were appointed as the auditors of the Company for the next year at
a remuneration to be determined by the Board of Directors.
- Employee Share Purchase Plan. The
Company’s Employee Share Purchase Plan was approved for an
additional three years.
- Unallocated Entitlements. The
Company’s Restricted Share Unit Plan was approved for an additional
three years.
- Preferred Share Resolution. The
resolution to approve a new class of preferred shares was
approved.
Further details are set out in the Company's
Information Circular dated June 30, 2023 posted on the Company's
website and filed on www.sedarplus.com.
Specific voting results are as follows:
Description of Matter |
# of Votes For |
% of Votes For |
# of Votes Withheld/ Against |
% of Votes Withheld/ Against |
Election of the following Directors: |
|
|
|
|
Charles Selby |
47,289,404 |
99.98 |
% |
7,700 |
0.02 |
% |
John Tilson |
47,285,404 |
99.98 |
% |
11,700 |
0.02 |
% |
Thomas E. Valentine |
46,683,334 |
98.70 |
% |
613,770 |
1.30 |
% |
Bruce G. Wilcox |
47,285,404 |
99.98 |
% |
11,700 |
0.02 |
% |
Gerry Sheehan |
47,289,404 |
99.98 |
% |
7,700 |
0.02 |
% |
Theodore Patsellis |
47,231,077 |
99.86 |
% |
66,027 |
0.14 |
% |
Appointment of Auditors |
52,428,860 |
100.00 |
% |
1,013 |
0.00 |
% |
Employee Share Purchase Plan |
46,683,334 |
98.70 |
% |
613,770 |
1.30 |
% |
Deferred Share Unit Plan |
46,679,324 |
98.69 |
% |
617,780 |
1.31 |
% |
Preferred Share Resolution |
46,679,324 |
98.69 |
% |
617,780 |
1.31 |
% |
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:
Eugene Woychyshyn |
Michael Baker |
Vice President of Finance &
CFO |
Investor Relations |
302, 3320 – 17th AVE SW |
302, 3320 – 17th AVE SW |
Calgary, AB, T3E 0B4 |
Calgary, AB, T3E 0B4 |
+1 403 206 0805 |
+1 403 264 7020 |
nxt_info@nxtenergy.com |
nxt_info@nxtenergy.com |
www.nxtenergy.com |
www.nxtenergy.com |
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