Butte Energy Inc. Announces Results of Its Annual General and Special Meeting of Shareholders and Changes to Management

ID: 1517295
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(Thomson Reuters ONE) -




CALGARY, Alberta, Aug. 11, 2017 (GLOBE NEWSWIRE) -- Butte Energy Inc. ("Butte"
or the "Company") is pleased to announce the results of its Annual General and
Special Meeting of shareholders held on August 1, 2017 in Calgary (the
"Meeting"). At the Meeting, shareholders holding 77.42% of the issued and
outstanding common shares were present or represented by proxy and such
shareholders voted 100% in favour of the sale of the Company''s Chigwell
properties to RKSmith Energy Corp. for $35,000 (the "Transaction").

In addition, the Company is pleased to announce the re-election of Charles
Baker, Chris Reimchen, Victor Redekop, Gerald Gilbert and Cuneyt Tirmandi. At
the Meeting shareholders also re-appointed Czechowsky, Graham & Hanevelt
Chartered Accountants as auditors of the Company and approved a special
resolution approving the winding up of the Company, the full text of which is
set forth in the Company''s management information circular dated June 30, 2017.


The Company also wishes to announce that Tyron Pfeifer has resigned as President
and Chief Executive Officer of the Company, with effect as of August 9, 2017.

This news release includes certain statements that may be deemed "forward-
looking statements" within the meaning of applicable Canadian securities
legislation. Specifically, this news release includes, but is not limited to,
forward-looking statements with respect to completion of the Transaction and the
winding-up of the Company. Generally, forward-looking statements can be
identified by the forward-looking terminology such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled", "estimates",
"projects", "intends", "anticipates", or "does not anticipate", or "believes",
or "variations of such words and phrases or state that certain actions, events
or results "may", "can", "could", "would", "might", or "will" be taken", "occur"


or "be achieved". Forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause the actual results, level
of activity, performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking statements,
including but not limited to: risks associated with general economic conditions,
adverse industry events, loss of markets, inability to obtain regulatory
approvals, the liabilities of the Corporation, income tax and regulatory
matters. Although the Corporation has attempted to identify important factors
that could cause results to differ materially from those contained in forward-
looking statements, there may be other factors that cause results to be
materially different from those anticipated, described, estimated, assessed or
intended. There can be no assurance that any forward-looking statements will
prove accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. The Corporation does not undertake
to update any forward-looking statements that are incorporated by reference
herein, except in accordance with applicable securities laws.

This press release is not an offer of the securities for sale in the United
States. The securities have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an exemption from registration. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any state in which such offer,
solicitation or sale would be unlawful.

Not for distribution to U.S. Newswire Services or for dissemination in the
United States of America.  Any failure to comply with this restriction may
constitute a violation of U.S. Securities laws.

For further information please contact:
Butte Energy Inc.
Victor Redekop, Chairman (403) 541-5310





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Butte Energy Inc. via GlobeNewswire






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Date: 08/11/2017 - 18:24
Language: English
News-ID 1517295
Character count: 4857
Kontakt-Informationen:
Firma: Butte Energy Inc.
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Stadt: Calgary
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