DEEP WELL OIL Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
The information set forth in Item 5.07 below is incorporated by reference to this Item 5.02.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On July 31, 2018, the stockholders of more than 52.9% of the issued and outstanding shares of common stock of Deep Well Oil & Gas, Inc. (the “Corporation”), executed a written consent (attached hereto as Exhibit 99.1) in lieu of a meeting of the stockholders of the Corporation to which the following actions were approved and ratified to be effective September 25, 2018:
| 1) | a majority of stockholders re-elected all of the directors of the Corporation; |
| 2) | a majority of stockholders ratified and approved the appointment of Turner, Stone & Company LLP to serve as the Corporation’s independent registered public accounting firm for the prior fiscal years ended September 30, 2015, September 30, 2016 and September 30, 2017; |
| 3) | a majority of stockholders ratified and approved the appointment of Turner, Stone & Company LLP to serve as the Corporation’s independent registered public accounting firm for the fiscal year ending September 30, 2018; and |
| 4) | a majority of stockholders non-binding advisory basis approved the compensation of the Corporation’s named executive officers. |
The above actions of the Corporation will be effective 40 calendar days after the distribution by the Corporation of its Schedule 14C Definitive Information Statement with respect to such written consent in lieu of a meeting of stockholders (the “Information Statement”). The Information Statement will be mailed on or about August 15, 2018 to the Corporation’s stockholders of record as of July 31, 2018.
Nevada Revised Statute Section 78.390 allows the Corporation to take any action that could be taken under the provision of Nevada law at any meeting of stockholders to be taken without a meeting if authorized by a written resolution signed by the holders of a majority of the voting power of the issued and outstanding shares of the Corporation’s capital stock.
| Item 9.01 | Financial Statements and Exhibits. |
(a) Financial Statements
Not Applicable.
(d) Exhibits to subject matter reported on this Form 8-K
DEEP WELL OIL & GAS INC ExhibitEX-99.1 2 f8k073118ex99-1_deepwell.htm ACTION BY WRITTEN CONSENT OF THE STOCKHOLDERS DATED JULY 31,…To view the full exhibit click here
About DEEP WELL OIL & GAS, INC. (OTCMKTS:DWOG)
Deep Well Oil & Gas, Inc. is an independent junior oil and gas exploration and development company. The Company is in the business of exploring for, developing, producing and selling crude oil. It is focused on developing the existing land base where it has working interests ranging from 25 % to 100% in the Peace River oil sands area in Alberta, Canada. Its projects include SAGD Thermal Recovery Project and HCSS Thermal Recovery Project. Its Sawn Lake oil sands properties are located within the Peace River oil sands area of Alberta. It has approximately 90% working interest in over 50 sections on approximately six oil sands leases and over 100% working interest in approximately five sections on one oil sands lease in the Peace River oil sands area of Alberta. In addition, it has over 25% working interest in another approximately 10 sections on over two oil sands leases in the Peace River oil sands area of Alberta.
