WESTERN ENERGY SERVICES CORP. ANNOUNCES DIRECTOR ELECTION RESULTS

Oil and Gas 2 WESTERN ENERGY SERVICES CORP. ANNOUNCES DIRECTOR ELECTION RESULTS

 

Canada NewsWire


CALGARY, AB

,


June 29, 2022


/CNW/ – Western Energy Services Corp. (“Western” or the “Company”) (TSX: WRG) today announces the director election results from its 2022 annual meeting of shareholders held on

June 29, 2022

. According to the proxies received and ballots cast at the meeting, the following seven nominees were elected as directors to hold office until the next annual meeting of shareholders or until their successors are elected or appointed, unless such office is earlier vacated in accordance with the by-laws of the Company:



Nominee



# Votes For



% Votes For



# Votes Withheld



% Votes Withheld


Trent Boehm


3,316,281,413


90.92 %


331,129,470


9.08 %


Colleen Cebuliak


3,314,564,113


90.87 %


332,846,770


9.13 %


Tomer Cohen


3,510,443,840


96.24 %


136,967,043


3.76 %


Lorne A. Gartner


3,304,793,808


90.61 %


342,617,075


9.39 %


Alex R.N. MacAusland


2,678,772,414


73.44 %


968,638,469


26.56 %


Ronald P. Mathison


3,278,398,192


89.88 %


369,012,691


10.12 %


John R. Rooney


3,304,763,494


90.61 %


342,647,389


9.39 %

Western wishes to warmly recognize the service of two directors who did not stand for re-election at this meeting.

Donald D. Copeland

served as a director of Western since 2011. His extensive background and experience, in the drilling industry, in other oilfield services, and in hydrocarbon exploration and production, have proven invaluable to the Company for more than a decade. Mr.

George S. Armoyan

and his family represent the second-largest shareholder of Western. He is a seasoned investor and entrepreneur, with significant expertise in real estate, oil and gas and oilfield services. Mr. Armoyan has been well-engaged in the recent transformative transactions at Western.

The full results on all matters voted upon at the meeting will be filed on Western’s profile on SEDAR (

www.sedar.com

).

In addition, the resolution to approve a consolidation of Western’s common shares was approved by 90.79% of the votes cast at the meeting. The resolution authorized Western to effect a consolidation at a ratio, to be determined by Western’s directors, of between 75 and 120 pre-consolidation shares to one post-consolidation share. The resolution also granted the directors the discretion to determine not to proceed with the consolidation. Western expects that its board will meet to determine whether to proceed with the consolidation, and if it determines to proceed, the final consolidation ratio and the effective date for the consolidation. Western will issue a further news release following these determinations.

Western is a progressive energy service company which provides contract drilling services through its division, Horizon Drilling in

Canada

, and its wholly owned subsidiary, Stoneham Drilling Corporation in

the United States

. Additionally, Western provides production services in

Canada

through its wholly owned subsidiary Western Production Services Corp. and through its division Eagle Well Servicing which provides well servicing and its division Aero Rental Services which provides oilfield rental services.

SOURCE Western Energy Services Corp.

rt WESTERN ENERGY SERVICES CORP. ANNOUNCES DIRECTOR ELECTION RESULTS

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