CALGARY, ALBERTA--(Marketwired - June 18, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.
Antrim Energy Inc. ("Antrim" or "the Company") (AEN.TO) (AEY.L), an international oil and gas exploration and production company confirms that all resolutions put to shareholders at Antrim's Annual and Special Meeting of Shareholders held on June 18, 2013 were duly passed. A total of 96,097,646 common shares representing 52.02% of Antrim's issued and outstanding common shares were voted in connection with the meeting. All the nominees proposed as directors were duly elected as directors of Antrim by a majority of the votes cast by the shareholders present or represented by proxy at the meeting, as follows:
|Stephen E. Greer||52,876,491||79.43|
|James C. Smith||53,262,114||80.01|
Antrim also announced that the Company has taken steps to significantly reduce its ongoing G&A expenses. These steps, which are expected to reduce head office personnel costs by 50%, will allow the Company to improve operational efficiencies.
Stephen Greer, the Company's Chief Executive Officer, stated: "The Company has faced a number of challenges over the past several quarters including significant third party cost overruns on field developments in the UK North Sea. I am very pleased with the commitment of our executive management and operational staff to these reductions as the Company seeks to reduce costs to match exploration and operational activity as well as ongoing financial and regulatory responsibilities."
A new corporate presentation has been posted on the Company's website at www.antrimenergy.com.
Forward-Looking and Cautionary Statements
This press release and any documents incorporated by reference herein contain certain forward-looking statements, including statements regarding Antrim's future business plans, which are based on Antrim's internal reasonable expectations, estimates, projections, assumptions and beliefs as at the date of such statements. Forward-looking statements often, but not always, are identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeting", "forecast", "achieve" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements and information. Antrim believes that the expectations reflected in those forward-looking statements and information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements and information included in this press release and any documents incorporated by reference herein should not be unduly relied upon. Such forward-looking statements and information speak only as of the date of this press release or the particular document incorporated by reference herein and Antrim does not undertake any obligation to publicly update or revise any forward-looking statements or information, except as required by applicable laws.