Kolibri Announces 2022 AGM Results

Rhea-AI Summary

Kolibri Global Energy Inc. (TSX: KEI, OTCQB: KGEIF) announced the results of its Annual General Meeting held on July 19, 2022, in Vancouver, British Columbia. Shareholders approved all resolutions, including fixing the number of directors at five and electing nominees to the board for a one-year term. Election results showed a strong majority for most nominees, with Wolf Regener receiving 98.76% support. Additionally, KPMG LLP was re-appointed as the auditor and the Restricted Share Unit Plan was approved with 85.65% of votes in favor. Further details will follow in a Report of Voting Results.

Positive

• All resolutions at the Annual General Meeting were approved.
• Strong majority support for board nominees, indicating shareholder confidence.
• KPMG LLP re-appointed as auditor, ensuring financial oversight.
• Restricted Share Unit Plan approved with 85.65% of votes, aligning incentives.

Negative

• Leslie O'Connor received only 68.35% support, indicating potential shareholder concerns.

NEWBURY PARK, Calif.--(BUSINESS WIRE)-- Kolibri Global Energy Inc. (the "Company" or "Kolibri") (TSX: KEI, OTCQB: KGEIF) is pleased to announce the results of the Annual General Meeting of shareholders of the Company held in Vancouver, British Columbia on July 19, 2022. All of the resolutions put forward at the meeting were approved.

The Company’s shareholders voted to fix the number of directors of the Company at five and elected the following five nominees to the board of directors. Each of the nominees will serve for a one-year term and hold office until the next annual meeting of shareholders, unless he or she sooner ceases to hold office. The following table sets forth the votes submitted by proxy with respect to the election of directors:

Director Nominee		Votes For		% For		Votes Withheld		% Withheld
Wolf Regener		10,032,340		98.76%		126,297		1.24%
Eric Brown		10,021,265		98.65%		137,372		1.35%
Leslie O’Connor		6,943,365		68.35%		3,215,272		31.65%
David Neuhauser		10,084,373		99.27%		74,264		0.73%
Evan Templeton		10,001,593		98.45%		157,037		1.55%

The shareholders re-appointed KPMG LLP, Chartered Accountants as the auditor of the Company.

Shareholders also approved the Company’s Restricted Share Unit Plan with 85.65% of the votes in favour.

Additional details will be provided in a Report of Voting Results to be filed on SEDAR.

About Kolibri Global Energy Inc.

Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQB under the stock symbol KGEIF.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220719006167/en/

Wolf E. Regener +1 (805) 484-3613

Email: wregener@kolibrienergy.com

Website: www.kolibrienergy.com

Source: Kolibri Global Energy Inc.

FAQ

What were the results of Kolibri Global Energy Inc.'s Annual General Meeting on July 19, 2022?

All resolutions were approved, and directors were elected with strong support.

Who were the elected directors at Kolibri Global Energy Inc.'s AGM?

Wolf Regener, Eric Brown, Leslie O'Connor, David Neuhauser, and Evan Templeton were elected.

What percentage of votes supported the Restricted Share Unit Plan at Kolibri's AGM?

The Restricted Share Unit Plan was approved with 85.65% of the votes in favor.

Who was re-appointed as auditor for Kolibri Global Energy Inc.?

KPMG LLP was re-appointed as the auditor of the Company.

What is the stock symbol for Kolibri Global Energy Inc.?

Kolibri Global Energy Inc. trades under the stock symbol KGEIF on the OTCQB.