Petrolia Energy Corporation (OTCMKTS:BBLS) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.
us) held its 2017 Annual Meeting of Stockholders on May
31, 2017 (the Meeting). At the Meeting, an aggregate of
53,082,258 shares of common stock, or 67.2% of our 79,034,505
total outstanding shares of common stock as of April 21, 2017,
the record date for the Meeting (the Record Date), were
present at or were voted at the Meeting, constituting a quorum.
The following proposals were voted on at the Meeting (as
described in greater detail in our definitive Proxy Statement on
Schedule 14A, filed with the Securities and Exchange Commission
on April 21, 2017), with the results of such voting as follows:
|
Proposal
|
For
|
Against*
|
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|
1)
|
The election of seven (7) Directors to the Companys Board
of Directors (the Board), each to serve a term of one year and until their respective successors have been elected and qualified, or until their earlier resignation or removal |
||||||||||
|
a) Leo Womack
|
53,066,758
|
15,500
|
|||||||||
|
b) Zel C. Khan
|
53,066,758
|
15,500
|
|||||||||
|
c) Lee H. Lytton
|
53,066,758
|
15,500
|
|||||||||
|
d) Joel Oppenheim
|
53,066,758
|
15,500
|
|||||||||
|
e) Quinten Beasley
|
53,066,758
|
15,500
|
|||||||||
|
f) James E. Burns
|
53,066,758
|
15,500
|
|||||||||
|
g) Saleem Nizami
|
53,066,758
|
15,500
|
|
For
|
Against
|
Abstain
|
|||||||||||||
|
2)
|
To ratify the appointment of MaloneBailey, LLP, as the
Companys independent auditors for the fiscal year ending December 31, 2017 |
51,816,758
|
15,500
|
1,250
|
|
For
|
Against
|
Abstain*
|
|||||||||||||
|
3)
|
To approve the adjournment of the Annual Meeting, if
necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of the Annual Meeting for a quorum or to approve any of the proposals above |
53,065,838
|
15,500
|
appointed to the Board of Directors by a plurality of the votes
cast (there was no solicitation in opposition to managements
nominees as listed in its proxy statement), each to serve a
term of one year and until their respective successors have
been elected and qualified, or until their earlier resignation
or removal, and proposals 2 and 3 were approved by a majority
of the votes which were present, in person or by proxy at the
Meeting.
About Petrolia Energy Corporation (OTCMKTS:BBLS)
Petrolia Energy Corporation, formerly Rockdale Resources Corporation, is a domestic oil exploration and production company. The Company focuses on new oil wells in established areas of oil production. It is focused on acquisitions in the Southwest United States. The Company’s core area of operations is in the Minerva-Rockdale Field in Rockdale, Texas. The Company’s lease position offers the potential for approximately 100 new drilling locations. The Minerva-Rockdale Field is located approximately 30 miles Northeast of Austin and approximately 50 square miles in size. The main producing formation for this field is the Upper Cretaceous Navarro Group of sands and shale’s. The Company’s Slick Unit Dutcher Sands (SUDS) Field consists of approximately 2,600 acres located in Creek County, Oklahoma. Twin Lakes San Andres Unit (TLSAU) Field is approximately 50 miles from Roswell, Chavez County, New Mexico and consists of approximately 4,870 acres with over 130 wells.
