News Column

Trinidad Drilling Ltd. reports voting results of the annual general and special meeting of shareholders

May 8, 2014

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

TSX SYMBOL:  TDG

CALGARY, May 8, 2014 /CNW/ - In respect of the annual general and special meeting of shareholders of Trinidad Drilling Ltd. ("Trinidad") held on May 8, 2014 (the "Meeting"), the following sets forth a brief description of the matters which were voted upon at such Meeting and the outcome of the voting on each matter:

        Outcome of Vote
1. The fixing of the number of directors of Trinidad to be elected at the meeting at

seven (7)
Approved
         
2. The election of the following seven individuals to serve as directors of Trinidad until

the date of the next annual meeting of shareholders or until their successors are

duly elected or appointed:  
         
  DirectorForWithheld  
  Michael E. Heier 99.32% 0.68%  Approved
 
  Brian Bentz 98.65%  1.35%  Approved
 
  Jim Brown 99.29%  0.71%  Approved
 
  Brian Burden 98.67%  1.33%  Approved
 
  David Halford 99.54%  0.46%  Approved
 
  Kenneth Stickland 98.11%  1.89%  Approved
 
  Lyle Whitmarsh 99.83%  0.17%  Approved
 
         
3. The appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as the

auditors of Trinidad until the next annual meeting of shareholders or until a

successor is appointed and that the directors of Trinidad be authorized to fix their

remuneration
Approved
         
4. The ordinary resolution to approve all unallocated incentive stock options

("Incentive Options") under Trinidad's incentive option plan (the "Incentive Option

Plan")
Approved
  For: 80.13%
  Against: 19.87%
         
5. The ordinary resolution approving the Incentive Option Plan together with certain

amendments thereto, as more particularly described in the information circular of

Trinidad dated March 27, 2014 (the "Information Circular")
Approved
  For: 83.61%
  Against: 16.39%
         
6. The ordinary resolution reconfirming the shareholder rights plan of Trinidad

together with certain amendments thereto and approving the execution of an

Amended and Restated Shareholder Rights Plan Agreement, as more particularly

described in the Information Circular
Approved
  For: 95.07%
  Against: 4.93%



Trinidad is a corporation focused on sustainable growth that trades on the Toronto Stock Exchange under the symbol TDG. Trinidad's divisions operate in the drilling and barge-drilling sectors of the North American oil and natural gas industry with operations in Canada, the United States and Mexico. In addition, through a joint venture, Trinidad has the opportunity to operate drilling rigs in other international markets such as Saudi Arabia and Mexico. Trinidad is focused on providing modern, reliable, expertly designed equipment operated by well-trained and experienced personnel. Trinidad's drilling fleet is one of the most adaptable, technologically advanced and competitive in the industry.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the shares in any jurisdiction.  The shares offered will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States or to a United States person, absent registration, or an applicable exemption therefrom.

 

 

SOURCE Trinidad Drilling Ltd.


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