Vancouver, B.C., February 3, 2014 – WellStar Energy Corp. (TSX-V: WSE.H) (the “Company” or “WellStar“), shareholders approved all the resolutions put before them at the Company’s Annual General Meeting (the “Meeting”) held on January 30, 2014 at Vancouver, BC. At the Meeting shareholders voted to fix the number of directors at four and re-elected Andrew H. Rees, Janis Cardiff, Minaz Dhanani and Russel Murray as directors for the ensuing year; reappointed MacKay LLP as the Company’s auditors for the ensuing year and authorized the directors to fix the auditor’s remuneration; and approved the Company’s Stock Option Plan. The stock option plan remains subject to TSX Venture Exchange approval. For more information on these matters, please refer to WellStar’s information circular, available on SEDAR (www.sedar.com).
Following the Meeting, the directors reappointed Mr. Andrew H. Rees as CEO and Mr. Minaz Dhanani as CFO of the Company. The Company’s audit committee is comprised of Minaz Dhanani, Andrew H. Rees and Janis Cardiff. Due to unforeseen circumstances, Mr. Murray resigned as a director effective today.
The Board of Directors would like to thank the shareholders for their ongoing support and thank Mr. Murray for his service to the Company.
For further information please contact Andrew H Rees at (604) 669-6463.
ON BEHALF OF THE BOARD
(signed) “Andrew H. Rees“
Andrew H. Rees
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.