CALGARY,
June 27, 2016 /CNW/ - Montana
Exploration Corp. ("Montana Exploration" or the
"Company") (TSXV: MTZ) today announced the results of its
Annual and Special Meeting of its shareholders, held on
Friday, June 24, 2016.
Out of 248,954,407 common shares issued and
outstanding on the record date for the meeting of May 24, 2016, 154,707,612 shares were voted,
representing 62.14% of all such shares, with over 99.7% of votes
cast in favour of all motions proposed by Management.
Charles V. Selby,
Allan Bezanson, James W. Collins, Donald
E. Foulkes, Michael J.
Hibberd, and Julian McIntyre
were elected as Directors and the Company's rolling stock option
plan was ratified. Collins Barrow Calgary, LLP was
reappointed as the auditor of the Company until the next
shareholders' meeting and the Board of Directors was authorized to
fix the remuneration. A resolution was passed to enable the
Directors to amend the articles of the Company to consolidate the
Company's common shares on the basis of one new share for five old
shares. The consolidation will facilitate the financing
activities currently being undertaken by the Company.
ABOUT MONTANA EXPLORATION CORP.
Montana Exploration Corp. is an oil and gas
exploration and production company focusing on the Shaunavon oil and Eagle gas opportunities
underlying its extensive land holdings and drilling rights in the
state of Montana. In the United
States, the company operates through its wholly-owned
subsidiary, Montana Land &
Exploration, Inc. The company's common shares are listed on the TSX
Venture Exchange under the trading symbol "MTZ". Additional
information regarding the company is available at www.SEDAR.com or
at www.MontanaExplorationCorp.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
SOURCE Montana Exploration Corp.