VANCOUVER, British Columbia, June 26, 2018 (GLOBE NEWSWIRE) — Conifex Timber Inc. (“Conifex” or the “Company“) (TSX:CFF) is pleased to announce that at its annual general and special meeting held on June 25, 2018 (the “Meeting“), all nominees listed in its management information circular dated May 25, 2018 were elected as directors of the Company.
Each of the following eight nominees proposed by management was elected as a director on a vote by show of hands. The proxies received by management with respect to the election of directors were as follows:
| Director | Percentage of Votes For | Percentage of Votes Withheld | ||
| Ken Shields | 99.97% | 0.03% | ||
| Dave Roberts | 87.56% | 12.44% | ||
| George Malpass | 99.97% | 0.03% | ||
| Jim Jia | 99.97% | 0.03% | ||
| Michael Costello | 87.56% | 12.44% | ||
| Pat Bell | 99.97% | 0.03% | ||
| Tom Reed | 99.46% | 0.54% | ||
| Janine North | 87.56% | 12.44% | ||
In addition, the issuance of securities in connection with the Company’s acquisition of the outstanding membership interests of certain subsidiaries of BW SLC Holdings, LLC that operate the Caddo River mill in Arkansas and the Suwannee mill in Florida, pursuant to the terms of an acquisition agreement dated May 15, 2018 was approved as follows.
| Percentage of Votes For | Percentage of Votes Against | ||
| 99.92% | 0.08% |
In addition, at the Meeting, shareholders approved: (i) the appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the Company’s auditor for the ensuing year and the authorization of the board to fix the auditor’s remuneration; and (ii) the amendment to the LTIP of the Company.
A total of 15,826,118 common shares of the Company were voted at the Meeting, representing 59.79% of the votes attached to all outstanding common shares. Detailed voting results for the meeting are available on SEDAR at www.sedar.com.
For further information, please contact Yuri Lewis, Chief Financial Officer at (778) 331-8687.
About Conifex Timber Inc.
Conifex and its subsidiaries’ primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution. Conifex’s lumber products are sold in the United States, Chinese, Canadian and Japanese markets. Conifex has expanded its operations to include bioenergy production following the commencement of commercial operations of its power generation facility at Mackenzie, British Columbia.