Petrowest Corporation Reports Annual Shareholder Meeting Voting Results

CALGARY, June 27, 2017 /CNW/ - Petrowest Corporation ("Petrowest" or the "Company") (TSX:PRW) announces that at its annual and special meeting of shareholders held on June 27, 2017, each of the nominees proposed by management as a director of the Company were elected as directors of the Company.

The detailed results of the vote by ballot are as follows:

    Name         Votes For                     Votes Withheld
    ----         ---------                     --------------

    Roy Larson             41,007,596 (59.87%)          24,489,586 (40.13%)
    ----------              ------------------            ------------------

    Gerald A.
     Romanzin              68,119,209 (99.45%)              377,973 (0.55%)
    ---------               ------------------                --------------

    Garry Wetsch           56,433,302 (82.39%)          12,063,880 (17.61%)
    ------------            ------------------            ------------------

    Sami Saad              37,238,195 (54.36%)          31,258,987 (45.64%)

                                               total 68,497,182
    ---                                        ----------------

In addition, the issuance of shares that may be issuable pursuant to unallocated awards, including stock options, under the Company's Long Term Incentive Plan until June 27, 2020 was approved. The results of the vote by ballot are as follows:

                                  Votes For                     Votes Against
                                  ---------                     -------------

    Approval of unallocated stock           36,863,177 (53.82%)         31,634,055 (46.18%)
    options under the Long Term
    Incentive Plan
    --------------

In addition, shareholders approved amending the articles of the Company to change of the name of Company to such name as the board of directors may determine in its sole discretion may determine. The results of the vote by ballot are as follows:

                                      Votes For                     Votes Against
                                      ---------                     -------------

    Approval to amend the articles of           68,352,246 (99.66%)               233,705 (0.34%)
    the Company to change of name of
    the Company
    -----------

In addition, the shareholders also approved the appointment of Deloitte LLP, Chartered Professional Accountants, as auditors for the ensuing year.

ABOUT PETROWEST

Petrowest is a diversified infrastructure company with primary operations based in northeastern British Columbia and Alberta. Petrowest's operations are focused on industrial and civil infrastructure projects, gravel crushing and hauling activities, as well as pre-drilling and post-completion energy services.

SOURCE Petrowest Corporation