REG - Arrow Exploration - Arrow Announces AGM Voting Results

Arrow ExplorationAnnouncement

27/09/2024 07:00

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RNS Number : 8761F  Arrow Exploration Corp.  27 September 2024

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ARROW ANNOUNCES AGM VOTING RESULTS

CALGARY, September 27, 2024 - Arrow Exploration Corp. (AIM: AXL; TSXV: AXL)
("Arrow" or the "Company"), the high-growth operator with a portfolio of
assets across key Colombian hydrocarbon basins, is pleased to announce its AGM
voting results.

Report in Respect of Voting Results Pursuant to Section 11.3 of National
Instrument 51-102 - Continuous Disclosure Obligations

The following sets forth a brief description of each matter voted upon at the
annual general meeting (the "Meeting") of the holders of common shares of
Arrow held on September 25, 2024 and the outcome of the vote:

 Description of Matter                                                            Outcome of Vote  Votes For          Votes Against or Withheld
 1.    Number of Directors                                                        Approved         32,483,567 99.74%  83,518

 To set the number of directors at six (6).                                                                           0.26%
 2.    Election of Directors                                                      Approved         32,436,651         130,434

 Marshall Abbott                                                                                   99.60%             0.40%
 Grant M. Carnie                                                                  Approved         32,536,651 99.91%  30,434

                                                                                                                      0.09%
 Gage Jull                                                                        Approved         20,877,917 64.11%  11,689,168

                                                                                                                      35.89%
 Ian Langley                                                                      Approved         32,536,651 99.91%  30,434

                                                                                                                      0.09%
 Ravi Sharma                                                                      Approved         32,383,680 99.44%  183,405

                                                                                                                      0.56%
 Anthony Zaidi                                                                    Approved         32,383,630 99.44%  183,455

                                                                                                                      0.56%
 3.    Appointment of Auditors                                                    Approved         32,525,183 99.87%  41,902

 Appointment of Ernst & Young LLP as Auditors of the Corporation of the                                               0.13%
 ensuing year and authorizing the Directors to fix their remuneration.
 4.    Approval and Amendment of Option Plan                                      Approved         20,751,170 63.72%  11,815,915

 To re-approve the Corporation's stock option plan and to approve certain                                             36.28%
 amendments thereto as more particularly set out in the Information

 Circular and Proxy Statement (collectively, the "Circular") of the Corporation
 dated August 7, 2024.

 

 

For further Information, contact:

 Arrow Exploration
 Marshall Abbott, CEO                                                +1 403 651 5995
 Joe McFarlane, CFO                                                  +1 403 818 1033

 Canaccord Genuity (Nominated Advisor and Joint Broker)
 Henry Fitzgerald-O'Connor                                           +44 (0)20 7523 8000

 James Asensio

 George Grainger

 Auctus Advisors (Joint Broker)
 Jonathan Wright                                                     +44 (0)7711 627449
 Rupert Holdsworth Hunt

 Camarco (Financial PR)
 Andrew Turner                                                       +44 (0)20 3781 8331
 Rebecca Waterworth

 

About Arrow Exploration Corp.

Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned
subsidiary Carrao Energy S.A.) is a publicly traded company with a portfolio
of premier Colombian oil assets that are underexploited, under-explored and
offer high potential growth. The Company's business plan is to expand oil
production from some of Colombia's most active basins, including the Llanos,
Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is
predominantly operated with high working interests, and the Brent-linked light
oil pricing exposure combines with low royalties to yield attractive potential
operating margins. Arrow's 50% interest in the Tapir Block is contingent on
the assignment by Ecopetrol SA of such interest to Arrow. Arrow's seasoned
team is led by a hands-on executive team supported by an experienced board.
Arrow is listed on the AIM market of the London Stock Exchange and on TSX
Venture Exchange under the symbol "AXL".

Forward-looking Statements

This news release contains certain statements or disclosures relating to Arrow
that are based on the expectations of its management as well as assumptions
made by and information currently available to Arrow which may constitute
forward-looking statements or information ("forward-looking statements") under
applicable securities laws. All such statements and disclosures, other than
those of historical fact, which address activities, events, outcomes, results
or developments that Arrow anticipates or expects may, could or will occur in
the future (in whole or in part) should be considered forward-looking
statements. In some cases, forward-looking statements can be identified by the
use of the words "continue", "expect", "opportunity", "plan", "potential" and
"will" and similar expressions. The forward-looking statements contained in
this news release reflect several material factors and expectations and
assumptions of Arrow, including without limitation, Arrow's evaluation of the
impacts of global pandemics, the potential of Arrow's Colombian and/or
Canadian assets (or any of them individually), the prices of oil and/or
natural gas, and Arrow's business plan to expand oil and gas production and
achieve attractive potential operating margins. Arrow believes the
expectations and assumptions reflected in the forward-looking statements are
reasonable at this time, but no assurance can be given that these factors,
expectations, and assumptions will prove to be correct.

The forward-looking statements included in this news release are not
guarantees of future performance and should not be unduly relied upon. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause actual results or events to differ materially
from those anticipated in such forward-looking statements. The forward-looking
statements contained in this news release are made as of the date hereof and
the Company undertakes no obligations to update publicly or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, unless so required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

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