Extraordinary General Meeting held in Badger Explorer ASA
Attached are the minutes of meeting from the Extraordinary General Meeting in Badger Explorer ASA held today, 1 December 2010. 3,319,039 (45.07%) of all outstanding BXPL shares were represented at the General Meeting.
The General Meeting unanimously elected Mr. Marcus Hansson the Company’s new Board member until the Annual General Meeting to be held in 2012.
The Board of Directors has been given the proxy to enter into agreements with close associates as of 1 December 2010 until 31 December 2011. The remuneration is limited to NOK 1,500 per hour and the total remuneration for such agreements for the time period set above shall not exceed NOK 200,000. The proposal was approved with the limits outlined before. 200,000 shares (2.404% of the shares represented at the EGM) voted against the proposal.
The General Meeting unanimously elected Mr. Bjørge Gretland the new member of the Company’s Nomination Committee until the Annual General Meeting to be held in 2011.
The complete minutes of meeting are attached.
Stavanger, 1 December 2010
For further information, please contact:
Kjell Erik Drevdal, CEO, cell phone +47 916 43 552, office +47 52 97 45 15
Gunnar Dolven, CFO, cell phone +47 908 53 168, office +47 52 97 45 40
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