Pine Cliff Energy Shareholders Approve All Resolutions

Pine Cliff Energy Ltd. (TSE:PNE) has released an update.

Pine Cliff Energy Ltd. successfully conducted its Annual and Special Meeting of Shareholders, with a 42.08% turnout, where all proposed resolutions were approved, including the election of six director nominees and the appointment of Deloitte LLP as the company’s auditors. The company has also granted nearly 12 million stock options to directors, officers, and employees, with an exercise price of $1.02, vesting over one to three years. Pine Cliff, focused on generating shareholder value through long-term assets, continues to prioritize returns through dividends.

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