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

Rhea-AI Summary

On April 21, 2022, Pulse Seismic Inc. held its annual meeting, where all nominee directors were elected with overwhelming support. Neal Coleman received 99.94% approval, followed closely by others, with the lowest approval at 99.78%. Additionally, the "Say on Pay" advisory vote on executive compensation passed with 99.7% approval. Pulse Seismic is a major player in acquiring and licensing seismic data in Canada, owning the largest licensable data library covering around 65,310 square kilometers of 3D seismic and 829,207 kilometers of 2D seismic in the Western Canada Sedimentary Basin.

Positive

• All nominee directors elected with over 99% approval rates.
• "Say on Pay" advisory vote received 99.7% approval.

Negative

• None.

CALGARY, Alberta, April 21, 2022 (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 21, 2022. Each of the nominee directors listed in the Company’s management proxy circular dated March 14, 2022 was elected as a director, with a vote being conducted by ballot:

Name of Nominee	Votes For	%	Votes Withheld	%
Neal Coleman	29,725,649	99.94%	18,802	0.06%
Paul Crilly	29,678,915	99.78%	65,536	0.22%
Dallas Droppo	29,722,076	99.92%	22,375	0.08%
Grant Grimsrud	29,729,648	99.95%	14,803	0.05%
Robert Robotti	29,711,680	99.89%	32,771	0.11%
Melanie Westergaard	29,719,203	99.92%	25,248	0.08%

The “Say on Pay” shareholder advisory vote on Pulse’s approach to executive compensation was approved by 99.7% 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.

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/2966cc1f-2068-457e-8cbe-20df4074786a

FAQ

What were the voting results for the directors of Pulse Seismic Inc. in 2022?

All nominees were elected with over 99% approval at the annual meeting held on April 21, 2022.

What percentage of shareholders approved the "Say on Pay" vote for Pulse Seismic in 2022?

The "Say on Pay" advisory vote received 99.7% approval from shareholders.

When was the annual meeting of Pulse Seismic held?

The annual meeting of Pulse Seismic Inc. was held on April 21, 2022.

What is the stock symbol for Pulse Seismic Inc.?

The stock symbol for Pulse Seismic Inc. is PLSDF.

How large is Pulse Seismic's seismic data library?

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