CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(Marketwire - May 25, 2012) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.
Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim"), an international oil and gas exploration and production company, confirms that all resolutions put to shareholders at Antrim's Annual General and Special Meeting of Shareholders held on May 24, 2012 were duly passed.
The Special resolution to approve a plan of arrangement (the "Arrangement") pursuant to Section 193 of the Business Corporations Act (Alberta) among Antrim, Crown Point Ventures Ltd.("Crown Point"), and the shareholders of Antrim, all as more particularly described in the Information Circular was approved by way of ballot (99.78% for and 0.22% against).
Completion of the Arrangement is also subject to approval of the Court of Queen's Bench of Alberta and receipt of all necessary regulatory approvals. If the requisite court and regulatory approvals are obtained and if all other conditions to the Arrangement becoming effective are satisfied or waived, it is expected that the Arrangement will become effective on or about May 28, 2012. Antrim will issue a press release upon closing of the Arrangement to announce the ex-distribution date and the distribution record date for the Crown Point shares.