Tuktu Resources Ltd. Announces Results of Special Meeting of Shareholders

Tuktu Resources Ltd. (TSXV: TUK,OTC:JAMGF) ("Tuktu" or the "Company"), a junior oil and gas producer based in Calgary, Alberta, announces the results of the special meeting of shareholders ("Shareholders") of Tuktu held on January 15, 2026 (the "Meeting").

A total of 168,408,260 common shares in the capital of the Company (representing 63.42% of the total issued and outstanding shares) were voted in person or by proxy at the Meeting.

Shareholders voted: (i) in favour of the proposal to remove Mr. Tim de Freitas from his role as a director of the Company effective immediately; and (ii) against the proposal put forth by the requisitioning shareholders to remove the other current directors of the Company.

Voting results are presented below. The full text of each resolution is available in the Company's management information circular dated December 15, 2025, on the Company's SEDAR+ profile at www.sedarplus.ca.

Item Business Outcome of Vote
01

Dissident Resolution

To (a) elect the following individuals as directors of the Company: Jim Masikewich; Timur Ganiev; Don Hamilton; and Tim de Freitas; (b) remove the following individuals from their office as directors: Kathleen Dixon; Robert Dales; William Guinan; Natalie Sweet and Robert Yurchevich; and (c) set the number of directors to be elected at four (4) members.

Defeated

     
Votes For   Votes Against
406% 67,463,033   59.4% 98,723,005
02 Director Removal Resolution

To remove Mr. Tim de Freitas as a director of the Company, effective immediately.


Carried

Votes For   Votes Against
59.7% 100,519,165   40.3% 67,889,095
         

 

The Board of Directors wishes to thank shareholders for participating in the matters to be voted upon at the Meeting and for their continued support of the continuing board and management team.

About Tuktu Resources Ltd.

Tuktu is a publicly traded junior oil and gas development company headquartered in Calgary, Alberta with producing oil and gas properties in southern Alberta. For additional information about Tuktu please contact:

Tuktu Resources Ltd.
1750, 444 - 5th Avenue S.W.
Calgary, Alberta T2P 2T8 

Attention:       Jeremy Hodder, President and Chief Executive Officer (phone 403-540-6502); or 
                          Kathleen Dixon, Chair (phone 403-200-6633)

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280647

News Provided by TMX Newsfile via QuoteMedia

TUK:CC
The Conversation (0)
Oil barrels with rising financial graphs and arrow, indicating increased oil prices.

Oil Prices Fall as Iran Talks Ease Supply Fears, Cameco Weighs In on AI Power Demand

US crude fell below US$100 per barrel on Monday (November 2) after Iranian negotiators left Qatari-mediated talks with a draft proposal in circulation, knocking more than 4 percent off oil prices a day before the US midterm elections.Brent crude futures dropped US$4.79, or 4.2percent, to... Keep Reading...
A gas export terminal begins to take shape in Northern BC.

Power Boost: British Columbia’s Role in Canada’s Energy Market Diversity

British Columbia is an emerging hub in Canada’s drive for energy sovereignty and secure supply. The federal government cited British Columbia as “a natural partner” in lifting its gas exports to markets outside the US. Its strengths, from its abundant energy resources to being the only province... Keep Reading...
Kinetiko Funded to Advance Brakfontein Development

Kinetiko Funded to Advance Brakfontein Development

Kinetiko Energy (KKO:AU) has announced Kinetiko Funded to Advance Brakfontein DevelopmentDownload the PDF here. Keep Reading...
Kinvestor Day 2026 Virtual Investor Conference: Presentations Now Available for Online Viewing

Kinvestor Day 2026 Virtual Investor Conference: Presentations Now Available for Online Viewing

Kin Communications ("Kin"), Canada's Leading Investor Relations Agency, is pleased to announce that presentations from the Kinvestor Day 2026 Virtual Investor Conference, held on October 22, 2026, are now available on the Kinvestor YouTube channel. Access replays:... Keep Reading...
Blue oil barrels and pumpjacks over a digital world map with financial graph lines in the background.

Oil and Gas Price Trends: Q3 2026 Review and Forecast

Oil prices climbed back above US$100 per barrel in Q3 as fighting resumed in the Middle East and the Strait of Hormuz stayed largely shut. Natural gas traded in a narrow range, shielded by North America's locked-in market.The oil market spent the third quarter of 2026 caught between hopes for a... Keep Reading...

Interactive Chart

Latest Press Releases

Related News