Source Energy Services Reports Voting Results for Election of Directors

TSX: SHLE

CALGARY, May 4, 2018 /CNW/ - Source Energy Services Ltd. (the "Company" or "Source") reports director election results from its annual meeting of shareholders held May 3, 2018 (the "Meeting"). All of the proposed nominees were elected to serve as directors until the next annual meeting of shareholders, or until their successors are duly elected or appointed. An aggregate of 49,232,262 Common and Class B Shares (being 78.33% of the shares eligible to be voted at the Meeting) were represented at the Meeting. The voting results are set forth below:

 

Votes For

 

Votes Withheld

Name of Nominee

Number

Percent

 

Number

Percent

Bradley Thomson

48,594,643

99.97%

 

13,000

0.03%

James McMahon

47,294,643

97.30%

 

1,313,000

2.70%

Cody Church

47,293,643

97.30%

 

1,314,000

2.70%

Jeff Belford

48,594,643

97.97%

 

13,000

0.03%

Marshall McRae

47,293,643

97.30%

 

1,314,000

2.70%

A. Stewart Hanlon

45,248,719

93.09%

 

3,358,924

6.91%

Kenneth Seitz

48,607,643

100.00%

 

0

0%

 

All matters presented for approval at the Meeting were approved by Source's shareholders. For complete voting results, please see our Report of Voting Results available on SEDAR at www.sedar.com.

ABOUT SOURCE ENERGY SERVICES

Source is a fully integrated producer, supplier and distributer of high quality Northern White frac sand primarily to the Western Canadian Sedimentary Basin. Source provides its customers with a full end-to-end solution through its Wisconsin mine assets, processing facilities, unit train capable rail assets, strategically located terminal network and "last mile" logistics capabilities. Source's full service approach allows customers to rely on its logistics capabilities to increase reliability of supply and to ensure the timely delivery of their growing frac sand requirements. In addition to its transload terminal network and in-basin storage capabilities, Source has also developed Sahara, a proprietary wellsite mobile sand storage and handling system.

SOURCE Source Energy Services

For further information: PLEASE CONTACT: Source Energy Services Ltd., Brad Thomson, Chief Executive Officer, (403) 262-1312 (ext. 225); Derren Newell, Chief Financial Officer, (403) 262-1312 (ext. 233)