[ACCESSWIRE]
BUENOS AIRES, ARGENTINA / ACCESSWIRE / December 2, 2016 / Estrella International Energy Services Ltd. (OTC PINK: EENZF) (TSX-V: EEN) (the "Company" or "Estrella"), announces that it held its annual general and special meeting of shareholders on November 30, 2016. All items put forward for approval at the meeting were carried, including the resolution approving the consolidation of the issued and outstanding common shares in connection with a going private transaction for the Company. The voting results were as follows:
Election of Directors
| Director Name |
|
Number of Votes |
% Voted |
| Carlos Valencia |
For: |
12,619,789 |
99.82% |
|
Withheld |
22,719 |
0.18% |
| Phil MacDonnell |
For: |
12,620,119 |
99.82% |
|
Withheld |
22,389 |
0.18% |
| Diego Acevedo |
For: |
12,619,789 |
99.82% |
|
Withheld |
22,719 |
0.18% |
| Ricardo Rodriguez |
For: |
12,620,119 |
99.82% |
|
Withheld |
22,389 |
0.18% |
Appointment of MNP LLP as Auditors
|
Number of Votes |
% Voted |
For:
Withheld |
12,875,724
955 |
99.99%
0.01% |
Consolidation Resolution (Going Private Transaction)
|
Number of Votes |
% Voted |
For:
Against |
12,854,409
22,270 |
99.83%
0.17% |
As a result of receiving shareholder approval, the Corporation intends to complete the consolidation, the going private transaction and the delisting of the Common Shares from the TSX-V on or before December 31, 2016.
For further information contact:
Estrella International Energy Services Ltd.
Diego Acevedo
Chairman of the Board of Directors
Telephone: +54 (11) 5217-5250
Facsimile:+54 (11) 5217-5280
Email: [email protected]
Statements in this press release may contain forward-looking information. Any statements in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may," "should," "anticipate," "expects," and similar expressions. Forward-looking statements in this press release include, but are not limited to, statements with respect to the future business plans, prospects, and services.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Estrella. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release, and Estrella does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities law.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Estrella International Energy Services Ltd.
