Cardinal Resources plc ("Cardinal" or "the Company"), an independent oil and gas production and exploration company operating in Ukraine, announces that at its Annual General Meeting held today, resolutions 1-7 proposed to shareholders were passed on a show of hands, according to the Market Wire. Resolution 8, with respect to increasing the Company`s borrowing powers, was rejected on a poll, with 69.45% of shares being voted in favour and 30.55% against.
Cardinal Resources plc is an independent oil and gas company engaged in the acquisition, development, production and exploration of oil and natural gas properties in Ukraine. Cardinal is an experienced operator in the country focused on expanding its existing operations through the farm-in or acquisition of additional upstream oil and gas assets that can be further developed through the application of modern technology and expertise.
