Pulse Seismic Inc. Announces Voting Results at Shareholders’ Annual Meeting

Rhea-AI Summary

Pulse Seismic announced the results of its annual meeting held on April 22, 2021, in Calgary. All nominee directors were elected, achieving extremely high approval rates: Neal Coleman (99.97%), Paul Crilly (99.95%), and others within the same range. The "Say on Pay" advisory vote for executive compensation received 99.88% approval. Pulse, a leader in seismic data acquisition and licensing in Canada, boasts the largest seismic data library covering approximately 65,310 square kilometers of 3D and 829,207 kilometers of 2D data.

Positive

• All nominee directors were elected with high approval rates: Neal Coleman at 99.97%, Paul Crilly at 99.95%, etc.
• The 'Say on Pay' advisory vote on executive compensation received 99.88% approval.
• Pulse possesses the largest licensable seismic data library in Canada.

Negative

• None.

CALGARY, Alberta, April 22, 2021 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) announced today the voting results from its annual meeting held in Calgary, Alberta on April 22, 2021. Each of the nominee directors listed in the Company’s management proxy circular dated March 15, 2021 was elected as a director, with a vote being conducted by ballot:

Name of Nominee	Votes For	%	Votes Withheld	%
Neal Coleman	34,515,540	99.97%	10,935	0.03%
Paul Crilly	34,510,506	99.95%	15,969	0.05%
Dallas Droppo	34,507,869	99.95%	18,606	0.05%
Grant Grimsrud	34,515,540	99.97%	10,935	0.03%
Robert Robotti	34,510,357	99.95%	16,118	0.05%
Melanie Westergaard	34,515,848	99.97%	10,627	0.03%

The “Say on Pay” shareholder advisory vote on Pulse’s approach to executive compensation was approved by 99.88% of the votes cast.

The report on voting for the Meeting will be available at www.sedar.com and on the Company’s website at www.pulseseismic.com.

An instant replay of the recorded annual meeting is available until May 22, 2021 by calling toll free at 1-800-408-3053 or local in Calgary at 905-694-9451, using passcode 8317944#. A recording is also posted on the Company website at www.pulseseismic.com.

CORPORATE PROFILE

Pulse is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data to the western Canadian energy sector. Pulse owns the largest licensable seismic data library in Canada, currently consisting of approximately 65,310 square kilometres of 3D seismic and 829,207 kilometres of 2D seismic. The library extensively covers the Western Canada Sedimentary Basin where most of Canada’s oil and natural gas exploration and development occur.

For further information, please contact:
Neal Coleman, President and CEO
Or
Pamela Wicks, Vice President Finance and CFO

Tel.: (403) 237-5559
Toll-free: 1-877-460-5559
E-mail: info@pulseseismic.com
Please visit our website at www.pulseseismic.com

PDF available: http://ml.globenewswire.com/Resource/Download/c6f6ce3a-a8f1-4881-879c-d3a151c3ac86

FAQ

What were the results of Pulse Seismic's annual meeting held on April 22, 2021?

All nominee directors were elected with very high approval rates, and the 'Say on Pay' advisory vote on executive compensation received 99.88% approval.

What is the significance of the 'Say on Pay' vote for Pulse Seismic?

The 'Say on Pay' advisory vote received 99.88% approval, indicating strong shareholder support for the executive compensation approach.

How extensive is Pulse Seismic's data library?

Pulse Seismic owns approximately 65,310 square kilometers of 3D seismic data and 829,207 kilometers of 2D seismic data, the largest in Canada.